Solving Land Valuation Puzzles

Description

Learn how to solve a variety of land valuation and feasibility problems using less commonly used land valuation techniques in this one-day seminar. Interactive case studies and discussion topics cover highest and best use considerations, land residual analysis, contamination, impacts of tax increment financing on feasibility, condemnation, subdivision analysis, unit of comparison selection, and alternatives when inadequate land sales exist. Problem identification, assignment conditions, scope of work decisions, and standards of practice are reviewed in each problem and solutions are discussed. Lively class discussion and interaction will result as problems are explored.
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State Approvals
 

Program State Approval & Hours

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Who should Enroll

  • General and residential certification-level appraisers
  • Consultants, real estate agents, land owners, land use planners, developers, investors

Objectives

  • Summarize the six recognized land valuation techniques
  • Employ land residual analysis as part of a highest and best use decision
  • Calculate and use internal rates of return as a method of testing feasibility
  • Recognize terms and concepts used for valuation of contaminated land
  • Test alternative units of comparison
  • Perform allocation and market extraction when land sales are lacking
  • Understand the basics of subdivision valuation
  • Understand the basics of condemnation valuation
  • Properly apply special/extraordinary assumptions, hypothetical conditions, and the Jurisdictional Exception Rule of USPAP in unusual situations.

Prerequisites

None

Exam

No Exam

Level

Basic/Intermediate

Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours

Assignments

No

Program Overview


Required and/or Recommended Equipment


System Requirements

None specified

Additional Information

Seminar Materials Include:
  • Seminar Handbook (196 pp.)

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