Hal Shapiro is a well established member of the Scarsdale, NY entrepreneurial community who leads the Winick Realty Group, LLC. Experienced in identifying value in the market, Hal Shapiro has extensive experience assessing properties in Scarsdale, NY, and beyond and finding acquisition targets with excellent returns potential. 

Real estate appraisal is a critical aspect of any property investment, as it directly influences the property taxes assessed and the amount of insurance that needs to be taken out. Additionally, home appraisals are required by mortgage lenders prior to deciding whether to approve a loan. This has a twofold purpose: to ensure that the bank does not finance a property with a value less than the money loaned warrants, and to ensure that the buyer pays no more than a reasonable amount for the property. 

There are several appraisal routes, including the income approach, which is most applicable to rental and commercial real estate properties. This involves taking the net income that the property generates and dividing it by the capitalization rate. Another popular route is the sales comparison approach. This involves taking market data for similar properties that have recently been sold as a basis for valuation. While the number of rooms, condition, age, and size of the building are major considerations, its location is often the single most significant factor in this complex calculus.