Appraisal Articles 2019 Free Appraisal Articles for Appraisers and the Public

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Appraisal Articles is an Internet website dedicated to providing free information in the form of articles on appraisal and real property / real estate topics to appraisers and the public.  Authors are invited to contact us and submit related original articles for approval. 

Pahrump, Zoning & Appraisals

by Administrator on Jan 15, 2019 General Appraisal 7 Views

It is my opinion that there are some Pahrump real property owners who wish the 2004 implementation of the zoning ordinance didn’t happen. Some property owners in Pahrump wanted to see the town move into the future with rules and regulations, like those in place in larger cities, while others liked the Wild West, and the unregulated nature of the Town before 2004. So Pahrump ended up with zoning with lots of exceptions in outlying areas for existing commercial, industrial and mixed uses. Many other properties that were not zoned for their existing uses in the ordinance but they were allowed to continue in their non-conforming uses. There are many residents in Pahrump who are just starting to realize that after almost 15 years they can’t continue to run their businesses out of the same buildings that were old in 2004, and the buildings are really old in 2019. It’s dawning on those owners that their residential zoning may actually negatively impact their property value. Even if

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Appraiser Business Expense Ratios

by Administrator on Dec 17, 2018 Business Operation 17 Views

The following list of appraiser business expense ratios, see the table, was compiled based on a number of independently researched data sources. No guarantees are however made by the author regarding accuracy or acceptability. The Internal Revenue Service (IRS) may allow or may not allow any of the items listed herein as deductions. The listed items are general categories into which many actual appraiser expenses fall. Of course there is also a great deal of variability in some categories like; the vehicle / travel miles category since appraisers in the city generally don’t put in the miles that the rural appraisers do, the contract labor category can vary significantly because some appraisal offices pay a number of appraisers, the legal and professional service category and the rent category since some appraisers work out of their homes.

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Significant Changes in Vacant Land Value

by Administrator on Dec 14, 2018 Vacant Land Appraisal 49 Views

How quickly can a parcel of vacant land change in value? I have tracked pre-development parcels of vacant land over relatively long periods of time (having been charged with appraising them over and over every 6 months or so). When the 2008 financial crisis hit Nevada commercial properties that were valued over $ 1 million an acre dropped in value like they had fallen off a cliff. During that time changes (decreases in value) were not typical of the real estate cycle and value decreases were more like skydiving off a cliff than rolling down a hill. Vacant land value increases can be just as dramatic as decreases when something important about a property or even an area is changing. Owners can be caught off-guard by changes even if they have periodic appraisals. One side of an Interstate highway for example may be significantly developed with high prices while the opposite side of the highway has little or no development and much lower values. Bridging the highway can however

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Valuing Donated Property for IRS Review / Charitable Contributions

by Administrator on Dec 13, 2018 IRS Appraisal 30 Views

The Internal Revenue Service (IRS) details their expectations for an appraisal of the fair market value (FMV) of donated property, including donated real property, in Publication 561. Appraisers must review the definitions and concerns detailed in the Publication or face the possibility of being significantly fined. Most of the FMV “problems” that the IRS lists in the Publication related to donated property are, for most appraisers, common sense in nature. The IRS discusses things like; the date of the contribution, unusual market conditions, sales price, the selection of comparable sales, future events, arm’s-length offers, the sales approach, the capitalization of income, replacement cost, business interests, predicting future earnings, property description, undivided interests and amenities.

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Prospective (Future) Valuations

by Administrator on Dec 12, 2018 Prospective / Retrospective 34 Views

Some value opinions can have an effective date of value that is in the future or as of a prospective date. Appraisals of this type are not unusual for buildings under construction because it’s important for lenders to know how much value a building will have when it’s completed. Commercial real property appraisers prefer not to step into the world of stock market financial analysts who regularly forecast stock market prices years into the future, even though most appraisers already employ discounted cash flow (DCF) models that have years of projected income streams in their Income Approaches (Yield Capitalization) portion of their appraisal reports.

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Selecting Comparable Sales

Dec 11, 2013 • 1174 Views

Out of Context - Appraisal Report Excerpts

Jan 30, 2014 • 1076 Views

Appraisal Software Compared

Oct 22, 2011 • 1222 Views

The Rewarding Investment of Real Estate

Jun 22, 2012 • 291 Views

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