Is your church considering selling property?
Start with a
Property valuation
It’s essential that your church knows what your property is worth before you decide to sell. Start with us, a trusted partner that will help your church steward this decision.
Church Property Valuation
What is Your
church Property's value?
Estimated Cost: $2,500 – $7,500 Depending on property size, location, and other factors
Request for expedited services may incur additional fee.
Problem
Church properties are unique. They cannot be valued the ways homes or other income producing properties are valued. We use a blended approach, which requires experience to navigate. This blends the "Cost Approach" used in appraisals, and the "Comparative Property Sales Approach."
Solution
There is a time tested method that has been developed by church real estate experts over the course of the last 50 years that we use to value properties.
Success
Hundreds of churches have seen success in having church real estate experts like us help create a specialized opinion of value.
FAQ
ask us
anything
what does an opinion of value cost?
Depending on the location, size and sense of urgency, this cost will vary from $3,500 to $5,000. There maybe additional costs for expedited services.
what will you recieve?
A full valuation report will be dozens of pages (depending on your property). We will show you everything that goes into our reports and how we arrive at the final valuation number. We will show you every property we compare yours to. We will show you pieces of land that we select to help value your land, and we will show you how we come to the “Cost to build” monetary value. We will walk you through the ages of your building, deprecation of those buildings, etc. This will be more comprehensive than an appraisal you may order.
I already have a realtor...
You might be thinking…”I already have a realtor in my congregation that is helping us..” Our answer to that is great. Let us work with them (at a reduced fee) to get you the best potential opinion of value for your church. Pricing your property correctly is a top factor for how quickly your property will sell.
Why should we trust you for this?
Nate Bradley (the CEO of Churches For Sale Group and the person doing or overseeing the valuation) holds an MBA in Finance. He has served as a CFO for multiple ministries. He has worked in Church Real Estate and helped many churches through this process. Our aim is to help you value your property based on current market and reality of the condition of your property.
Nate’s passion is to help the local church steward the resources that God has entrusted to them. Stewardship will always be the aim when talking about church properties and the analysis of them.
Is it really all that different from comparing to some commerical properties in the area?
Valuing churches is unique. They are not homes. They are not commercial buildings. Through a time tested approach a valuation model has been developed by blending a few well respected ways of valuing a property. Full transparency. We blend what is known as a “Cost Approach” and the “Comparative Sales Approach.” We have access to a national database of properties and land values that allows us to research properties needing a value anywhere in the United States.
Do we really need this?
Pricing your property correctly from the very beginning is one of the most important marketing and strategic decisions you make. If you miss on this, then you will be recovering from it and potentially lose out when it comes time to negotiate with a buyer. As we have already stated, this is one of the top factors we have found in church properties selling in a timely fashion. Those who try and over price or under price their property will suffer in the long run.
We are the Buyer. Can you help us determine if the price is right?
Great question. We have worked with buyers in the past. We do want to caution that we would need the seller’s cooperation and guidance as there are many things they might know that we need to know to value correctly.
Is this an appraisal?
No. We are not licensed appraisers. Banks will not accept this as an official appraisal report for a loan. Even though appraisers often call us for information we have to disclose that we are not licensed appraisers, and our services do not qualify as an appraisal.
What do Appraisals cost?
Official appraisals can cost anywhere from $5,000 to $25,000 depending on your property size, location, etc.