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Articles by December, 2013
Reasonably Probable Change
by Administrator on Dec 3, 2013 • General Appraisal • 2661 Views
As an appraiser it is my understanding that if a property being appraised is not currently zoned for a specific use but it is planned for a use then there is a reasonable probability that the planned highest and best use will be realized. Here in Clark County Nevada people buy and sell land and rely on government planning. For example, if a property is zoned “R-E” or rural estates residential but is planned for a service commercial use the property is sold with the expectation that the County will make good on the planned land use and allow for its commercial development.
Selecting Comparable Sales
by Administrator on Dec 11, 2013 • Property Appraisal • 2696 Views
Appraisal clients are often concerned about whether or not a specific comparable sale will be selected for use in an appraisal report. I often hear "the sales you used are high" or "the sales you used are low" and I have even had Clients request that a sale they have information on be added or deleted from a report. If you are an appraiser I'm sure that you have had this happen to you, it's a Clients way of trying to steer the outcome of your appraisal.
Las Vegas Hi-Rise Condominium Market 2014
by Administrator on Dec 12, 2013 • Condominiums • 943 Views
First of all the buildings listed in the report, which in my opinion are a relatively comprehensive group, include 13,641 total condominium / condo-hotel units within 31 buildings. It’s a relatively finite group of somewhat diverse units. There are 26 buildings containing traditional condominium units and 5 buildings containing condo-hotel units.
USPAP 2014-2015 Transition Comments
by Administrator on Dec 13, 2013 • USPAP • 4226 Views
Yes it’s just about time for all of you licensed folk to begin your transition to following the rules as laid out by the new, updated USPAP document. I always wonder around this time of the cycle how many people have even looked at the document, and I think about how well received changes to what is effectively appraisal law, due to its adoption by many states, every two years would go over in any other industry or “profession.” I know attorneys take continuing education but the law governing the practice of law doesn’t change every two years. Nurses take CEU’s but the law governing them doesn’t get revised every two years.
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