The course provides residential appraisers with the tools needed to appraise properties with multiple sources of value. The course walks participants through the process of collecting data, selecting the most comparable data, analyzing the data, communicating the analysis, and defending the value opinion using the sales comparison approach. Participants will learn how to find market support for adjustments and adjust for differences in complex elements of comparison such as parking, land use, and seller financing. After discussion of a case study that offers practice in applying the analytical techniques introduced in the course, the class reviews reconciliation, communication skills, and consistency among the approaches. Relevant standards issues are considered throughout the course.
- Sources of value in mixed-use real estate
- Typical and atypical units of comparison for analyzing mixed-use property
- Primary and secondary data and their uses
- The adjustment process and effective tools for analysis
- Qualitative and quantitative issues in reaching a final opinion
What You Should Gain:
At the end of this course, participants will be able to:
- Recognize the general applicability and limitations of the sales comparison approach
- Distinguish among sources of value in mixed-use real estate
- Support adjustments using matched pairs analysis, graphical and regression analysis, extraction of size adjustment, and cost-related analysis
- Identify the type and quality of data required for the assignment
The Appraisal of Real Estate, 13th ed.