Appraisal Articles 2018 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. 

Clark County Land Update 2018

by Administrator on Nov 9, 2018 Vacant Land Appraisal 7 Views

An update of sales by zoning category in Southwest Clark County, Nevada has provided the following results (as displayed in the chart that follows). With the exception of the low-density residential data all of the zoned properties in the categories noted have increased significantly in value during 2018. Surprisingly the greatest increases have occurred in the Industrial Land market with average prices indicating an increase to nearly $ 14.48 per gross square foot (SF). Eight (8) dwelling unit per acre (DUPA) land, which is the zoning / density most sought out by builders increased to nearly $ 11.66 per SF.

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Email Marketing for Appraisers 2

by Administrator on Oct 16, 2018 Business Operation 16 Views

I took advantage of a free direct email marketing test that allowed a mass mailing with up to 100 email addresses on It’s been only a week or two since the email template that I created on their website was delivered, so I can’t attest to long-term success, but the email got through to about 57 of the clients who I sent it to, so I guess that was positive. It’s also interesting because you get to see which of you past clients asked to “unsubscribe,” that’s an indication that maybe things didn’t go as well with them as you imagined when you provided them with your last report or your last bid.

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Considering Important Property Features

by Administrator on Sep 23, 2018 Residential Appraisal 34 Views

There are times when a standard analysis of real property characteristics is insufficient in an appraisal. As an example, most land appraisals consider things like topography and soils, but they done get into the slopes / grades of the comparable sales. When you get an appraisal assignment on a subject property with steep slopes it become important to know if the comparable sales are similar. If, for example, the subject has a 30% grade you don’t want to compare it to land that is flat. Some properties with steep slopes have terraced areas, so you can cut and fill a road to get to the terraced areas and develop them. Appraisers are often tasked with making decisions about net usable area. A subject property may be 10 Acres in gross but after you consider the slopes, low lands (including washes and streams) and shape the net usable area may be only 1 Acre. Other factors like soils, zoning, planning, and offsite infrastructure including roadways are also important factors and considered

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Highest and Best Use Step-By-Step - Land Value

by Administrator on Sep 15, 2018 Highest and Best Use 62 Views

Many people make assumptions about vacant land parcels based on what they have been told on based on a brief observation. Properties that look valuable may however have little or no potential use, and thus little or no monetary value, while properties that appear worthless can be extremely valuable. For appraisers it all begins with a highest and best use analysis. Depending on the use a highest and best use analysis can be based on observed evidence and the land use patterns, but the process can be more intensive when necessary and include a complete market analysis and feasibility study. Most appraisals do not require the most intensive highest and best use development process.

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Large Apartment / Condo Complex Appraisals are Different

by Administrator on Sep 1, 2018 Multi-Family / Apartment 15 Views

Apartment and condo complex appraisals are usually multiple building assignments. So appraisers may be physically looking at several multi-story structures. Some complexes have elevators and some do not. For many years in Clark County buildings were almost entirely constructed with a number of 2-story structures to avoid the cost of elevators. Unit types / amenities influence income Unit types in any given complex can vary and affect the income profile of an apartment complex. While offering 3-bedroom apartments may provide more income per unit the demand for apartments is solidly in the 2-bedroom category. My research indicates that 3-bedroom units in an apartment complex often provide a lower income per square foot (SF) than 2-bedroom units, and 1-bedroom apartment consistently provide the highest return per SF. The apartment mix is a variable that can make a difference to appraisers since it can influence the exiting income from an apartment complex and its future income

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