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Articles by June, 2009

Using Historical Sales for Current Appraisals

by Administrator on Jun 6, 2009 Property Appraisal 1767 Views

As it becomes more and more difficult to find comparable vacant land sales in the Las Vegas market, due to decreasing sales volumes, some appraisers have turned to past sales.  The selection of past vacant land sales is, however, fraught with a number of potential problems.If you are a commercial appraiser in Nevada you have already been faced with the fact that there are very few land sales that have been transacted in 2008 and 2009.  A recent report by the Bently Group (www.thebentlygroup.com) indicated that "the vacant land market continued to report a slowdown in sales volumes and reduced pricing."  Based on their report there were only 77 vacant land transactions during the 1st Quarter of 2009.

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Did Appraisers Fail To Protect The Banks ?

by Administrator on Jun 19, 2009 General Appraisal 1984 Views

After the Savings and Loan crash in the late 1980's, appraiser licensing was put into place in 1991 by the federal government in an attempt to avert another banking disaster.  Here we are, however, in 2009 with a much larger banking disaster to deal with.  So clearly the original plan for appraiser licensing has ended in failure.

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What's Really Happening in the Las Vegas Land Market?

by Administrator on Jun 24, 2009 Property Appraisal 1672 Views

If you have an interest, and you have been watching the reports and articles on the vacant land market in Las Vegas you likely have come away confused. Here are some interesting facts that you, as an appraiser, buyer or seller may want to consider the following. 1. Some published vacant land sales reports being circulated include trust deed sales or foreclosed properties that have gone back to the original owners for the mortgage amount owing. These sales are not market sales, they are not sales made between "willing buyers and willing sellers," they are simply properties lost due to too much debt and the sales do not reflect market activity. The inclusion of this information in a sales activity report artificially bolsters the number of sales and the price per acre reported. So if the sales report you are reading indicates that foreclosure information is included, take the information with a grain of salt.

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Agents vs. Appraisers: Is the HVCC to Blame?

by Administrator on Jun 25, 2009 Market Conditions Articles 1724 Views

NAR's decsion to attack the HVCC via the NY Attorney General's Office and FHFA to bring appraisals more in line with sales contracts is not beneficial to the appraisal industry.

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Narrative Report Writing 11 - Addendum

Mar 1, 2014 • 2548 Views

Who Is the Real Appraiser?

Jul 25, 2013 • 2059 Views

There Are Still Reasons to Buy a Home

Apr 1, 2012 • 1686 Views

20 Years With ASA

Aug 13, 2013 • 810 Views