This text will help real estate professionals understand the physical and legal components of condos, co-ops, and PUDs, gather and analyze relevant data, and develop well-supported value conclusions. Only by properly identifying and investigating the unique characteristics of condos, co-ops, and PUDs can appraisers properly address the challenges presented in valuing these common, but complicated, residential properties.
The Valuation of Condominiums, Cooperatives, and PUDs examines the distinguishing ownership characteristics of condominiums, cooperatives, and planned unit developments and demonstrates how to define the local market, identify appropriate elements of comparison, and apply relevant valuation techniques. As an added bonus, the book includes comprehensive lists of questions to ask when gathering data and useful tips for writing credible appraisal reports.
Appraising association properties requires a unique skill set. The Valuation of Condominiums, Cooperatives, and PUDs will help valuers develop these skills and feel confident taking on a wide variety of assignment types.