ABOUT US

ABOUT THE FOUNDER

After studying real estate finance celebrated author and speaker Steve Vertin, MAI, MRICS graduated going directly into the commercial-industrial real estate valuation business. His first job was for one of the oldest company’s in Chicago and thereafter, the first national-international consulting valuation firm in the county. In 1988 he founded Vertin Valuation Services in Dallas and moved its headquarters to downtown Chicago in 1993. Author of the book The Appraisal of Methane Digesters and other Biogas Powered Generating Systems Mr. Vertin spent extensive time researching symbiotic real estate. He is both a Member of the Appraisal Institute and the Royal Institution of Chartered Surveyors. Over the last 30 to 40-years he has become an Illinois State Certified General Real Estate Appraiser, Michigan General Certified Appraiser, and an Indiana General Certified Appraiser. After accumulating over 3,500 (actual) hours of ongoing advanced appraisal, finance, and statistical training through the prestigious Appraisal Institute he is now writing a second book related the interactions within asset valuation. He has served on the Appraisal Institute National General Demonstration Report Grading Committee and was on the Appraisal Institute regional Ethics Committee. He has also served as the Institute’s Past Chairman of the Public Relations Committee.

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OUR MISSION

Integrity is Our Value

For more than three decades, our mission continues to be known as a reputable leader in providing valuation consulting services that comply with industry regulations and standards. We specialize in value estimations for unique scale or complex properties.

 

The experience, knowledge, and concerns of our customers are taken seriously. Your needs are addressed and custom scopes of worked preformed to answer your valuation questions. When you bring your valuation challenges to us, you can rest assured our expertise and ethical workmanship for determining credible and unbiased values is second to none. We welcome your feedback and look forward to serving your value needs over the long term.

Facts About Appraisal Confidentiality and Ethics

  • An appraiser is bound to protect the confidentiality of the appraiser – client relationship
  • An appraiser must not disclose confidential information or results for a client unless specifically authorized by the client to do so
  • An appraiser must always act in good faith with regard to the legitimate interest of the client and in the communication of assignment results
  • An appraiser must comply with, and remain aware of, all confidentiality and privacy laws and regulations applicable in an assignment

Asset Valuation Consulting

We offer various services and levels of consulting related to your valuation needs. Accurate and unbiased estimates of the market value for a wide variety of properties are only one. There are gains and losses in values caused by external or internal circumstances. Many times changes are related to businesses, governments, and external environmental forces unrelated to ownership. We work for a range of industries that need to understand the value of properties for collateral, equitable taxes, litigation, and reporting purposes.

CONSULTING NEEDS

Whether you require valuations of a signal entity or an evaluation for your entire portfolio: Vertin Valuation Services provides complete appraisal and consulting services for:
Real Estate

  • COMMERCIAL PROPERTIES
  • INDUSTRIAL PROPERTIES
  • MULTI-FAMILY PROPERTIES
  • NEW CONSTRUCTION APPRAISALS
  • SUBDIVISION APPRAISALS
  • RETAIL APPRAISALS
  • LAND APPRAISALS (AND ALL VARIOUS RIGHTS OF OWNERSHIP)
  • AND NUMEROUS SPECIAL USE APPRAISALS

Machinery, Technical and Specialty (MTS) Equipment

  • AGRICULTURAL ANAEROBIC DIGESTERS
  • MUNICIPAL DIGESTERS AND SEWER WATER SYSTEMS
  • GAS STATION, CARWASH AND ACCESSORY EQUIPMENT
  • RESTAURANT EQUIPMENT
  • HOTEL, MOTEL, NURSING HOME, HOSPITAL AND OTHER RELATED EQUIPMENT
  • GOLF COURSE AND OTHER SYMBIOTIC LEISURE RELATED ITEMS (MINIATURE GOLF, GO-CART TRACK, ETC.)
  • FURNACE AND CREMATORIUM EQUIPMENT (BOTH HUMAN AND PET CEMETERY)

  Market Value of the Total Asset as a Going Concern Value (commonly considered business value)

  • THERE ARE SOME MANY IT IS HARD TO LIST PLEASE CALL TO ADDRESS YOUR PROPERTY
  • MOST COMMON VALUATIONS RELATE TO SYMBIOTIC ENTITIES REQUIRING REAL ESTATE AND EQUIPMENT IN OPERATIONS OF THE BUSINESS

Most symbiotic properties have three value-adding components they are real estate, machinery, and equipment (commonly called MTS) and business or going concern value (commonly called MVTAB or the market value of the total assets of the business).

Real Estate

Real estate regularly consists of land or land and improvements. Sometimes water covers the real estate and there are riparian right considerations, but most assignments remain land and building(s) .

There are various reasons for real estate valuation. The most common is collateral but many times there are partial takings of property, divisions for accounting, dissolution of assets for legal purposes, and of course taxes. Taxes are regularly over-assessed within symbiotic properties. Commonly assessors have problems separating personal property (MTS), the market value of the total assets of the business
(MVTAB) and real estate values. Many times these values are combined causing over taxation. Further, we no longer live in times of significant trust. It seems like some are taking more and giving less and
many try to take advantage of others. If there is dissolution of real estate for legal purposes it is best to understand the value of what is transferred. Not everyone offers fair prices. Many companies sell off sections of real estate, especially in retail services. It may be important to focus on their business rather than managing a real estate division. It is important to understand values for both acquisition and disposition. Whatever the real estate valuation concerns we are more than equipped to meet and
exceed your valuation needs.

Machinery, Technical Specialties (MTS)

In classical economics, the units of production were land, labor, and capital. Shortly after, entrepreneurship was added. These remain the foundations of value theory today. But classical  economists did not think of cash when considering “capital,” as we do today. Capital (as used in the units of production) was defined as man-made elements such as structures, tools, machinery, physical plants and/or other human-produced elements (excluding the free gifts of nature). The return from capital is interest. MTS is capital. This capital can be held as collateral. There are various reasons for MTS valuation besides collateral just as real estate. Some places tax the asset inaccurately and
dissolution and legal purposes are also common. Generally, we consider assignments related to the sale these assets we the transfer of other assets in mind. Call us we would be happy to discuss your assets.

Market Value of the Total Assets of the Business (MVTAB)

Over the last decade, the Appraisal Institute has modernized the definition of what had been known as business or going concern value. It has become more accurately known as the market value of the total asset of the business as a going concern. Thus the acronym MVTAB. Many businesses cannot operate without real estate and MTS. The remainders minus these values are mainly attributed to entrepreneurship (unless there is significant inventory). There are a number of real estate experts who do not have experience in MVTAB or MTS and fall short when valuing both tangible and intangible entities. Realize, many times this feature has the greatest value when it is erroneously combined with other assets inaccuracies form. There are various reasons for MVTAB valuation including collateral just as MTS and real estate. Further, there are many situations involving dissolution and/or legal purposes. Whatever the MVTAB valuation concerns, we are more than equipped to meet and exceed your valuation needs.

Committed Appraisers

With an extensive record of proven efficiency, Vertin Valuation Services is committed to providing the highest level of service and appraisal reports that meet each client’s specific needs. We are certified members in good standing of the American Society of Appraisers and are fully insured against all liability.

Why Contact a Commercial Real Estate Appraiser?

Professional appraisals are crucial when an objective assessment of the market value of a property is required for legal reasons and in the course of real estate transactions. Our licensed Chicago appraisers provide the expertise necessary for making informed decisions in the areas of:

  • Commercial property financing appraisals
  • Appraisals for foreclosures
  • Tax assessment review and consultation
  • Estate planning, liquidations and settlements
  • Unbiased asset valuations
  • Commercial property financing appraisals
  • Appraisals for foreclosures
  • Tax assessment review and consultation
  • Estate planning, liquidations and settlements
  • Unbiased asset valuations