Chart – Proving Appraisal Adjustments

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Chart – Proving Appraisal Adjustments   Sales Price List Price Difference Sq Footage $ per Sq’ Lot size Yr built DOM Sold Date Sale Type 1 $154,900 $154,900 0 2284 $68 .16 ac 1991 9 18-Dec REO 2 $155,000 $179,000 ($24,000) 2363 $66 .17 ac 1988 130 25-Nov REO 3 $156,000 $148,900 $7,100 2150 $73… Read More

Cost Segregation Studies – Background

Events Leading to the Use of the Cost Segregation Study by Guy P. Reese, MAI and Kevin Cavasos, CMI Component depreciation in various forms was permitted by IRS for measuring depreciation until the establishment of the Modified Accelerated Cost Recovery System (MACRS) by the Tax Reform Act of 1986. Under MACRS, assets are grouped into… Read More

AMC-Desktop Product: USPAP Compliant?

Editor’s Note: A desktop appraisal product introduced last month is the subject of concern among many Working RE readers and members. Below is guidance issued by the North Carolina Appraisal Board. AMC-Desktop Product: USPAP Compliant? By David Brauner, Editor A new desktop product from a large, national appraisal management company (AMC) is drawing questions… Read More

Using Distressed Sales

Editor’s Note: Appraising in a real estate collapse poses its problems. Seasoned appraiser Matt Cook, provides some guidance. Using Distressed Sales By Matt Cook If you’re having trouble appraising in a market where distressed properties dominate, you’re not alone. Recently, an appraiser stated in a post that the market for a particular residential assignment included… Read More