Appraisal Articles 2019 Free Appraisal Articles for Appraisers and the Public

Latest News

Note about "Views" reported on this site

Feb 7, 2014

I just want readers, contributors and potential contributors to realize that the...

This Site is Monitored

Dec 28, 2013

Articles that are not deemed contributory are removed from this site promptly, so we would...

New Site Template

Nov 30, 2013

Please pardon our somewhat painful transition, we have been working with Subrion.com...

Reversions

Valuing a Reversionary Interest

by Administrator on Apr 11, 2017 Reversions 620 Views

The value of an interest in real property that comes in the future is a prospective value. Usually an appraiser knows the date that a property interest will revert, since it's often based on the terms of a long-term lease. There are however other situations, like valuing a life estate, when an appraiser does not have a specific date. In these cases an appraiser has to rely on life-expectancy guidelines. The reversion may be certain but it may depend on how long a person or persons will live. There are other cases when a reversion depends on the action of a third-party to abandon a property or to change its use. Deed restrictions for example often state that if a property is no longer used for a highway, a railroad or another stated purpose that the property reverts to its original owner. Reversions of this type can create a real ownership mess when a railroad right-of-way for example is abandoned after 50 or more years of use. Highways are often abandoned when new ones with a

Continue reading →

Narrative Report Writing 8 - Maps

Jan 9, 2014 • 1345 Views

The Need for Estate Appraisals

Apr 10, 2015 • 1032 Views

Las Vegas Strip Valuations

Apr 18, 2016 • 513 Views