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Subdivision Valuation: A Comprehensive Guide to Valuing Improved Subdivisions
November 27, 2012
Victor D. DiSanto, MAI
Hudson Gateway Association of Realtors (OCAR)
9 Coates Drive
to check state approvals
Sponsor / Contact
Valuing subdivisions offer appraisers unique challenges. This new seminar provides a complete look at subdivision valuation methodology as it relates to valuing improved subdivisions. Appraisers who provide opinions of value for proposed subdivisions or a group of existing lots of units will find this seminar a valuable source of reference and ideas. Students will come away with techniques appraisers need to value a group of lots or units that must be marketed over a period of time. Comprehensive examples are provided to explain how line item profit and discount rate selection are handled in conjunction with discounted cash flow analysis. Ample time is given to typical problems encountered by appraisers in specific valuation scenarios.
At this seminar, students will learn how to
Recognize elements of a subdivision and when to apply subdivision analysis to reflect a bulk sale value.
Differentiate between a “bulk “ sale for a group of lots and applying subdivision analysis to reflect vacant land value.
Understand how to apply subdivision valuation methodology to solve for a wide variety of valuation scenarios at different points along the time line.
Recognize the strengths and weaknesses of the three approaches to value as they relate to subdivision analysis.
Analyze risk and when it occurs in the three general development phases.
What Students Are Saying
"I attended and got a lot out of you seminar in New Hampshire last week. I have been appraising for 21 years, was once an SRA, am a Certified General, who took a short break to complete my degree. Your seminar was concise, well thought out, to the point, and included all of the information that will make it very easy for new people to hopefully learn and developed credible reports. I completed a 15 lot project a few weeks ago and it was great to see many of the issues that I dealt with in your presentation. I was lucky enough to find three bulk sales with-in a year of my appraisal date that supported a higher value then my income approach."
An HP-19BII, HP-17BII, HP-12C, or equivalent calculator
Students should have general working familiarity with spreadsheet applications dealing with DCF analysis and present value concepts. This is not an introductory seminar in subdivision valuation and /or DCF techniques.
Up To 15 days prior to program start date, $25.00 cancellation fee.
10 - 14 days prior to program start date, $50.00 cancellation fee.
Less than 10 days prior to program start date, forfeit of payment.
Up To 15 days prior to program start date, no transfer fee.
7 - 14 days prior to program start date, $25.00 transfer fee.
Less than 7 days prior to program start date, no transfer allowed.
Cancellation Policy: Up to 15 days prior to program start date, $25.00 cancellation fee. 10 – 14 days prior to program start date, $50.00 cancellation fee. Less than 10 days prior to program start date, forfeit of payment unless a student replacement is provided. All cancellation requests must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.
Appraiser Qualification Hours & Attendance Policy: The appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies.
(1) Full (100%) attendance is required for qualifying or continuing education credit.
(2) The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance requirements met with your grade notification letter. If Appraisal Institute attendance records indicate less than attendance requirements met, your certificate will reflect this and state agencies may refuse to award credit.
(3) CONFIRMATION LETTER: If you have enrolled ON-LINE, you automatically receive a confirmation when your credit card is used. For checks, confirmation will be emailed 10 days prior.
(4) Program Materials will be shipped directly to the student. Students must bring materials to class.
Program materials can be downloaded by the student or can be picked up at the site.
Continuing Education Credit, Full Attendance: Approved for 7 hours of Appraisal Institute and New York State CE credit. AI CE Credit for Designated and Associate Members: This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.
Other Information: If you have a disability and require accommodation, please notify the chapter office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.
Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the Mid Hudson Chapter at 845-986-4863
ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM.