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Articles by February, 2009
The Use of Gross versus Net Area in Appraisals
by Administrator on Feb 1, 2009 • General Appraisal • 8692 Views
Appraisers try to compare properties using uniform measurements, and area is an important physical characteristic of a property compared when land or buildings are analyzed. Land area comparisons appear to be simplistic, until you consider why parcels sizes vary.Most parcels of vacant real property were subdivided, based on the U.S. Department of the Interior / BLM rectangular survey system, from square mile, 640 acre Sections to 320 acre half-Sections to 160 acre quarter Sections to 80 acre, 40 acre, 20 acre, 10 acre, 5 acre, 2.5 acre down to 1.25 acre parcels. These parcels sizes, deemed "gross acreage" by the following Clark County definition, are often affected by survey adjustments, roadway dedications, utility easements and other factors and these parcels can be reduced dramatically in size prior to their becoming "ripe for development."
Appraisal Measurements - Accuracy & Consistency
by Administrator on Feb 25, 2009 • General Appraisal • 2898 Views
Until you have been involved in a litigation case that deals with the measurement of buildings you won't begin to appreciate just how little attention is often paid to the measurement process by builders, assessors and appraisal professionals.Problems can begin to crop up when people reference plans, marketing brochures prepared by builders, assessment information and other secondary sources and assert that they are accurate. They may have been sold the building based on a representation made by the builder or the party reselling a building.
Do Right-of-Way Grants Negatively Impact Real Property Value?
by Administrator on Feb 27, 2009 • Property Appraisal • 2283 Views
Individuals buy and sell real property in metropolitan Las Vegas and often they do not consider the potential impact of a right-of-way grant made several years earlier within a U.S. Patent that initially conveyed the property into private ownership. Since Patent conveyances can be recent or over 50 years old, a grant can often show up as a small blurb on the Exceptions page of a title insurance policy.
Appraisal Reports for Litigation 3 - Deposition
by Administrator on Feb 28, 2009 • Litigation / Expert • 2373 Views
Depositions reveal just how strong an appraiser is as a potential expert witness. How well the appraiser presents his arguments will let the opposing attorney know what to expect at trial and give them a sense for how well the appraiser will be received by a jury. Appraisers often do not know what they are getting themselves into when they accept a litigation assignment. It usually begins with an attorney asking you about your qualifications, then he or she will decide if you meet their criteria. Attorneys are listening to you carefully when they are shopping around, if almost any appraiser will work they may focus on your fee. If no one wants the job, they just want to hear that you will accept the assignment. Most appraisers think it only has to do with only with their education, experience or designation, but while important those things are not always the focus of the search.
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