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Articles by February, 2013
Real Property Expense Analyses / Expense Ratios for Appraisers
by Guest on Feb 1, 2013 • General Appraisal • 1950 Views
Not all appraisers have access to a great real property database that includes hundreds of properties and a wide range of property types that can provide
income and expense detail, but even those appraisers who can must often take a hard look at expense information because there is a lot of variability from one property to the next.
Narrative Report Writing 1 - Outlines
by Administrator on Feb 4, 2013 • Narrative Writing • 2993 Views
This is the first installment of a 10 part series that discusses narrative report writing. The installments will vary in size, and I may add to or edit portions of it over time. These short articles are focused on report writing not "the valuation process." Most appraisers understand; data collection, highest and best use analysis, the three approaches to value and reconciliation. What many have difficulty with is getting it all down in a narrative report.
Narrative Report Writing 2 - Boilerplate
by Administrator on Feb 10, 2013 • Narrative Writing • 2738 Views
There are portions of most narrative appraisal reports that don't change often, or that could be considered standard in almost every report, and those sections of a real estate appraisal are at times called its "boilerplate." Since narrative reports are not entirely standardized from one appraiser to another, the sections and layout of each reports can differ.
Narrative Report Writing 3 - Using Templates
by Administrator on Feb 16, 2013 • Narrative Writing • 3489 Views
While there may be some appraisers who dictate their information, and have a hired report writer insert property data and information for them into a template, I have never followed that lead. Report writing programs are also a way to go, they can “remember” what information needs to be changed in your reports for you, changing plurality, change property information and change other variables in a template for you. Most of these programs use a search and replace (mail merge) function on a range of user identified template variables.
Narrative Report Writing 4 - Using Spreadsheets
by Administrator on Feb 20, 2013 • Narrative Writing • 3217 Views
This is a short article which is part of a short series on narrative report writing and as part of this segment I'm not going to attempt to instruct anyone on how to use a spreadsheet. I can't imagine how I would write narrative appraisal reports without using a spreadsheet program to assist me but maybe there is another way. I will say that being able to use a spreadsheet program like Microsoft Excel is important to mosts commercial appraisers who are going to write their own narrative appraisal reports. I started using Excel when it first came out. Before Excel I used Lotus 1-2-3 and before that I used VisiCalc on the original Apple. Its amazing how far spreadsheet programs have come since their introduction but you still have to take the time to sit down and learn how to use them.
Appraising the 99 Year Lease
by Guest on Feb 20, 2013 • General Appraisal • 2403 Views
Long-term leases are often negotiated between parties when securing a fee interest is not possible, and appraisers are often asked to value either the underlying real property, the leasehold or the leased-fee interests. When a landowner wants to benefit from an expected strong appreciation associated with a property they often will not sell it but will establish a lease that compensates them for appreciation.
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