|Event Date||Tue Mar 31 EDT (almost 2 years ago)|
Learn about the basic techniques and methods of commercial real estate appraisals.
Ever heard the war story where an attorney receives an appraisal report at the eleventh hour, only to find that some critical element of the opinion does not match the particulars of his case? Or the appraiser’s war story where they were provided with an effective date of value, and later had to re-do the appraisal on a holiday weekend because the client realized that he had specified the wrong date? When appraisers and their clients do not share an accurate understanding of the elements of the assignment, the opportunity for negative outcomes increases. This topic will provide a brief overview of commercial real estate fundamentals, and the basic techniques and methods available to appraisers. This basic information will then be applied to the many variables inherent in the appraisal contracting process. With an understanding of these variables, you will learn to accurately convey the appraisal problem and reach solid agreement with the appraiser on the assignment conditions necessary for a relevant and credible appraisal opinion. Use of the techniques presented in this information will help you to save time and money by avoiding common mistakes which may occur when ordering an appraisal.
Shawn E. Wilson MAI
Owner, Compass Real Estate Consulting, Inc.