Advanced Land Valuation: Sound Solutions to Perplexing Problems

Description

By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. In addition to lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. The seminar will suggest strategies for performing these assignments.
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Program State Approval & Hours

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Who should Enroll

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

Objectives

  • Use a land residual technique based on a DCF analysis to value land intended for two alternative competing uses (“for rental” apartments versus “for-sale” condominiums).
  • Determine the highest and best use of land when the legally permissible, physically possible, and financially feasible use(s) are very uncertain and cannot be determined using traditional methodologies.
  • Determine land value when the value is a function of a curvilinear relationship with its appropriate unit of comparison (in this case, the value of land suitable for apartment development as a function of density).
  • Determine land rent using a nontraditional unit of comparison (in this case land rental value based on average traffic volume).
  • Estimate the value of land subject to a long-term ground lease with multiple forms of financial benefits accruing to the landowner.

Prerequisites

  • Familiarity with DCF concepts and general valuation approaches, specifically yield capitalization
  • Basic working knowledge of Excel helpful

Exam

No Exam

Level

Intermediate/Advanced

Appraisal Institute CE Points

Attend: 75 AI Points

Class Time

7 hours

Assignments

Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.
 
To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My
AI Account” from the drop-down menu).
 

Program Overview


Required and/or Recommended Equipment


System Requirements

None specified

Additional Information

Seminar Materials Include:
  • Seminar Handbook (168 pp.)
  • Pre-Class Downloads (1.5 KB)
  • Pre-Class Memo (1 p.)

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