Valuation by Comparison: Residential Analysis and Logic

Description

Real estate markets and residential appraisal requirements have changed significantly due to market volatility and increased oversight, which has left residential appraisers searching for new strategies to handle their appraisal assignments. This seminar revisits valuation fundamentals and illustrates why you need data collection and analytical skills more than ever. The seminar uses and is based on the 2018 updated 2nd edition of Valuation by Comparison. You’ll learn why clients need an appraisal, why you must have appropriate market data, and why it is imperative that you know your market. You’ll discover how to find the information you need in markets where data is scarce, inconsistent, or misleading. And you’ll explore techniques to accurately interpret and then anticipate the actions of buyers and sellers in today’s market. Whether you are an experienced appraiser or newer to the profession, you’ll learn about a variety of approaches and resources that are available for gleaning indications of market value, and you’ll better understand which items require adjustment and which items can be ignored.
Sponsor Date Location Delivery Format Check
State Approvals
 
Hampton Roads Chapter August 1, 2023 Newport News, VA Classroom  Check Register

Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

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Who should Enroll

  • New trainee appraisers
  • Residential appraisers
  • Supervisory appraisers
  • Underwriters in the mortgage industry

Objectives

  • Identify factors that affect property prices.
  • Select the best tools for market analysis of residential properties.
  • Recognize consistency issues in residential appraisals.
  • Recognize common search errors and some search tools for use in the future.
  • Recognize how the back stories of comparable sales impact sale prices and value opinions in appraisals.
  • Understand the logic of sales comparison analysis and the methods for supporting adjustments.
  • Recognize and describe the commonly used sales comparison spreadsheets and their logic.
  • Extract and apply the rates of adjustment for sales comparison analysis.

Prerequisites

None

Exam

No Exam

Level

Intermediate

Appraisal Institute CE Points

Attend: 35 AI Points

Class Time

7 hours

Assignments

No

Program Overview


Required and/or Recommended Equipment


Additional Information

Seminar Materials Include:
  • Seminar Handbook (113 pp.)

Book Recommendations

Required Textbook
Students must purchase this book and bring with them to class: