0 Registrations in Cart
. If you are a returning student or previously created an AI website account, please log in.
Back to Schedule
Select an Offering
Appraisal Challenges:Declining Markets and Sales Concessions
November 16, 2012
San Antonio, TX
James Edward Jacobs, SRA
Bexar Appraisal District- First Flr Training Room/Classroom
411 N. Frio
(SW Corner Frio & Martin)
Sponsor / Contact
Recognizing shifts in the market is one of the most significant issues facing residential real estate appraisers today. Until recently, many residential appraisers have never seen a significant market downturn in which residential property values and employment in the real estate industry fall. This timely new seminar will discuss the correct use, pitfalls, and procedures used in valuing residential real estate in markets shifting from appreciation to depreciation. In addition, it will focus on the tools necessary to analyze a local market. Although local and national newspapers and local brokerage firms provide statistical analysis indicating a declining market, it is still necessary to provide well-reasoned support for a property value conclusion, decreasing or not. Finally, recognizing, measuring, and adjusting for today’s creative financing plans will be analyzed. Most of these plans involve sellers participating in the plan, and most will have an impact on the price paid, but not the value of the property. Understanding the impact of these concessions on real estate prices is particularly important and is discussed in detail.
Upon completion of the seminar, participants will be able to:
Recognize the “general” sources of market information that may give indications of market trends.
Recognize a declining market in a local market when it occurs.
Measure the losses in value in the local markets.
Apply the measured rate change in the analysis using the cost approach.
Apply the measured rate change in the analysis using the income capitalization approach.
Apply the measured rate change in the analysis using the sales comparison approach.
Recognize current and new creative financing plans for financing of real estate.
Measure the impact on the sale prices of real estate due to these creative financing plans.
An HP-12C Calculator
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $25.00 cancellation fee.
Less than 7 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.
ALL PROGRAM MATERIALS ARE SHIPPED DIRECTLY TO STUDENTS. STUDENTS MUST BRING THEIR MATERIALS TO THE CLASS AS NO EXTRA MATERIALS ARE AVAILABLE. Exceptions are those who have signed up after the registration deadline. These materials will be shipped to the South Texas Chapter office and students will receive them at check-in on the day of class. Early registration is highly recommended. No Walk-Ins Allowed.
Note: Additional equipment or books may be required. Please refer to seminar description for all details.
This seminar is approved for seven (7) hours Appraisal Institute continuing education credit (CE). Full attendance is required. No exceptions. This seminar is pending approval for acceptance by the Texas Appraiser Licensing and Certification Board (TALCB) for seven (7) hours of continuing education credit (ACE). Full attendance is required. No exceptions. This seminar is pending approved by the Texas Real Estate Commission (TREC) for eight (8) hours of MCE credit. (Note - No legal hours.) Provider: Appraisal Institute Region VIII, No. 0098. Full attendance is required. No exceptions. This seminar is pending approval by Texas Department of Licensing and Regulation (TDLR) for seven (7) hours of continuing education. Full attendance is required. No exceptions. The South Texas Chapter reserves the right to cancel this seminar at anytime. In the event of this, seminar fees will be refunded. The Chapter is not liable for any non-refundable fees such as airline tickets, hotel reservations, rental car and related student expenses. ADA Policy: Contact the South Texas Chapter Office by phone or email two weeks prior to the offering for any accommodations needed.
Program materials can be downloaded by the student or can be picked up at the site.
b>Check-In: 8:00 AM
8:30 AM to 5:00 PM. Beverages and snacks provided at the breaks. Lunch is on your own.
Bexar Appraisal District First Floor Classroom-Training Room, 411 N. Frio, San Antonio, Texas 78205 (SW Corner of Frio and Martin)(Emergency Phone is 210/224-8511.) Free parking is available at the front or rear of the building but students must enter through the front door and check with receptionist for room location.
A list of nearby hotels or other downtown hotels is available. Contact the Chapter Office. Area map available. Contact the South Texas Chapter office.