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New Appraisal Institute Text Offers Expert Advice for Damaged Property Appraisals

September 8, 2008 08:00 AM
CHICAGO (Sept. 8, 2008) –  The Appraisal Institute is proud to offer its newest text on appraising damaged property, Real Estate Damages: Applied Economics and Detrimental Conditions, second edition. This revised publication provides valuation professionals with a framework for applying fundamental economic principles and innovative appraisal techniques to address the unique problems that arise in these complex valuation situations.

A comprehensive and valuable resource for all real estate professionals, the updated edition of Real Estate Damages offers:
  • Basic tools for detrimental condition analysis
  • A review of the ten classifications of detrimental conditions
  • Straightforward approaches to solving complex valuation problems with added discussion of the September 11th terrorist attacks, the 2004 tsunami and Hurricane Katrina
  • New case studies on landslides, infestation, mold and construction defects
  • Updated and expanded listings of reference works and relevant agencies, associations and online resources.
About the Authors
Randall Bell, MAI, specializes in real estate damage economics and strategy. Traveling extensively in his research of detrimental conditions and the impact they have on real estate values, he has written various specialized methodologies and has lectured internationally on the topic of property damages and mitigation strategies.

Orell C. Anderson, MAI, is an appraiser and expert consultant with broad experience in valuation and diminution-in-value issues involving commercial, industrial, subdivision and vacant land properties as well as single- and multi-family residences.

Michael V. Sanders, MAI, SRA, has extensive experience in the valuation and evaluation of real property and has performed real estate damage analysis involving a wide variety of detrimental conditions, including title issues, geotechnical failures, construction defects, water intrusion, and environmental and proximity studies.

All three authors are with Bell, Anderson & Sanders LLC, in Laguna Beach, Calif. Their firm specializes in damage economics, valuation and expert witness testimony related to environmental and geotechnical issues, natural disasters, eminent domain and other detrimental conditions.

Real Estate Damages: Applied Economics and Detrimental Conditions, Second Edition (Stock No. 0717M) is available to Appraisal Institute members for $45; $55 for non-members (plus shipping and handling). To access the table of contents or order online, visit: To place an order by telephone, call 800-504-7440.




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The Appraisal Institute is a global membership association of professional real estate appraisers, with nearly 24,000 members and 91 chapters throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Members of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA and SRA designations. For more information regarding the Appraisal Institute, please visit




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