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, participants should 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."
Equipment Required 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.
Tuition Please contact the sponsoring chapter for information on fees applicable to chapter programs.
Classroom Hours 7.0
AI CE Credit for Designated members and Candidates for Designation This program is approved for 1.25 hours of Appraisal Institute CE credit for every hour taken.
To receive credit, participants must attend 100% of the program.