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Effective Report Writing: A Guide for Appraisers and Reviewers - PDF Effective Report Writing: A Guide for Appraisers and Reviewers - PDF $65.00 Details Commercial, Reports, Residential, Review, Standards and Ethics This report-writing guide offers practical tips on grammar, word choice, tone, and style to help appraisers communicate effectively. (2023)
 
Writing an appraisal report is writing for a deadline. The clock is ticking for both the appraiser and the client. The appraiser wants to complete the appraisal assignment efficiently and communicate the value conclusion to the client as soon as possible. The client, in turn, wants to receive a report that is timely, readable, and credible and one that provides the information needed to answer the client’s question about property value.
 
Both parties feel the pressure, but it is the report writer who bears the responsibility for clear communication. Effective Report Writing: A Guide for Appraisers and Reviewers will help practitioners fulfill that responsibility by carefully considering the purpose and execution of the reporting task and by applying the techniques of professional writers to the report-writing process.
 
Readers of this handbook will learn about
  • Good grammar, usage, syntax, spelling, structure, and tone
  • The components of persuasive writing
  • Common appraisal report-writing pitfalls
  • Working with text, numbers, and images
  • The effective use of technical language in reports
  • Quality control and the delivery of the final report
  • Writing review reports
Whether you are new to the task or an old hand at writing appraisal reports, you will benefit from the tips and techniques presented in Effective Report Writing. Sharpen your writing skills and your readers (and clients) will thank you.  
The Valuation of Apartment Properties, Third Edition - PDF The Valuation of Apartment Properties, Third Edition - PDF Parli, Richard L. $80.00 Details Market Analysis, Multifamily, Residential, Valuation Approaches This book provides analysis of the apartment market, with detailed instructions for apartment property valuation and two case studies. (2023)
Winner of the George L. Schmutz Award  
 
 
The Valuation of Apartment Properties, third edition, provides the tools you need to value apartment properties. This text presents in-depth analysis of concepts and issues that apply to today’s apartment markets. The topics discussed include market analysis, highest and best use analysis, site and improvement analysis, and the techniques applied in the sales comparison, cost, and income capitalization approaches to valuing apartment properties. Two case studies are also included to illustrate the concepts presented and methods applied. The Valuation of Apartment Properties, third edition, will be useful to appraisers and reviewers working in public or private practice in addition to lenders, property owners and managers, buyers, sellers, and legal advisors.
 
The Valuation of Apartment Properties, third edition, provides the most up-to-date information on the proper application of appraisal methodologies for multiunit residential properties.
 
The Appraisal of Senior Housing, Nursing Home, and Hospital Properties - PDF The Appraisal of Senior Housing, Nursing Home, and Hospital Properties - PDF Cremeens, Victor D., Schopp, Bradley J., Taggart, Hollis Crosby, Tellatin, James K. $115.00 Details Commercial, Healthcare, Specialty Property This comprehensive text discusses the economic and physical characteristics of senior housing, skilled nursing, and hospital properties, including cash flow and federal assistance programs. (2023)
 
This comprehensive text explores senior housing, nursing home, and hospital properties from physical and economic perspectives, providing appraisers with an up-to-date set of tools for determining the productivity, marketability, feasibility, and value of these facilities. Readers will become familiarized with the forces affecting earnings and valuation and will gain knowledge of the techniques needed to assist in the acquisition, lending, investing, developing, and assessment of these properties. Because of the broad scope of topics covered, many nonappraisers—including lenders, equity investors, operators, developers, industry analysts, assessors, and attorneys—will find this book useful.
 
All three traditional approaches to value are closely examined in this book, and Medicare and Medicaid are also discussed in detail. The main focus of the book is the valuation of the going concern assuming a fee simple interest in the real property. In addition, techniques for the allocation of the value of the real property, personal property, and intangible property are covered along with specialized topics such as leased fee and leasehold interests and life plan communities.
 
The health care industry is one of the most competitive sectors of the US economy. The Appraisal of Senior Housing, Nursing Home, and Hospital Properties gives appraisers the tools needed to value these complex properties.
Golf Property Analysis and Valuation, Second Edition - PDF Golf Property Analysis and Valuation, Second Edition - PDF Hirsh, Laurence A. $75.00 Details Business Valuation, Commercial, Special Purpose Property, Valuation Approaches This book provides current information on the economics and valuation of golf courses and clubs to help appraisers understand these properties. (2023)
 
The golf industry has undergone dramatic change in recent years, and the market for golf properties has developed and evolved. To value golf course and club properties, appraisers must understand their unique combinations of land and improvements as well as real estate and business. Golf Property Analysis and Valuation, second edition, provides appraisers with an updated guide to the proper techniques, methods, and resources for accurately estimating the value of golf courses. This book can also inform related professionals—including attorneys,
lenders, tax assessors, golf course developers and managers, and market participants—about the factors that impact golf course and club economics.
           Topics examined in this text include market analysis, subject property analysis, highest and best use, application of the approaches to value, and the allocation of real and personal property.
           Considering the sizeable economic impact of the golf industry in the US, understanding the economics of golf courses and clubs makes good sense. Golf Property Analysis and Valuation, second edition, will help appraisers and others understand and properly analyze these unique properties.
The Dictionary of Real Estate Appraisal, 7th Edition - PDF The Dictionary of Real Estate Appraisal, 7th Edition - PDF $150.00 Details Commercial, Land/Site Valuation, Market Analysis, Residential, Valuation Approaches This authoritative resource includes definitions of over 5,000 real estate-related terms. (2022) The Dictionary of Real Estate Appraisal, seventh edition, is a landmark text that reflects the depth and breadth of appraisal knowledge. Each entry, definition, and reference has been painstakingly researched and designed to express an expert understanding of issues that currently impact the profession. This understanding of appraisal is influenced by our history, evolving professional standards, emerging scholarship, significant industry trends, and new legislation and judicial precedent at all levels of government. The new dictionary is the culmination of all these influences and an essential, authoritative resource for professionals.
 
The dictionary is divided into two sections. The first section presents an alphabetical listing of terms directly related to real estate appraisal. The Addenda section contains information—in five topical glossaries and four other compilations of useful information—that relates more directly to other professional disciplines but is used by, and is of interest to, appraisers.
Land Valuation: Real Solutions to Complex Issues - PDF Land Valuation: Real Solutions to Complex Issues - PDF DeWeese, Gary S. $95.00 Details Commercial, Land/Site Valuation, Residential, Valuation Approaches This comprehensive text reviews basic land valuation techniques and presents advanced and non-traditional methods to help appraisers solve complex land valuation problems. (2022)
 
Learn how to value land, or a leased fee in­terest in land, when:  
• No comparable sales can be found.
• The highest and best use is uncertain or not currently feasible.
• The land is subject to a long-term ground lease.  
• Developers want to know how much they can pay for land.
• Traditional units of comparison are not relevant.
• The land is contaminated.
• Buyers make land purchase decisions based on cost.
 
Land Valuation: Real Solutions to Complex Issues reviews basic land valuation techniques (extraction, allocation, land residual, and ground rent capitalization) and presents advanced and non-traditional methods to help appraisers solve complex land valuation problems. Seven complete case studies and numerous spreadsheets are provided to ensure that readers understand the issues involved and know how to apply the innovative valuation strategies
presented.  
 
Download the case study spreadsheets used in the case study applications in this book.  
 
 
Residential Market Analysis and Highest and Best Use - PDF Residential Market Analysis and Highest and Best Use - PDF Ratterman, Mark R. $75.00 Details Market Analysis, Multifamily, Residential, Single-family Presents practical examples and advice for residential appraisers performing market analysis and highest and best use analysis. (2022)
 
The ups and downs of US housing markets make big headlines, but do the reports in the media really provide a full and timely picture of the interaction of supply and demand in residential real estate markets? Although most residential appraisers are familiar with the market trends affecting local property values, many fall short in communicating their understanding of market conditions fairly and accurately to their appraisal clients.
 
Written by an experienced appraiser and educator, Residential Market Analysis and Highest and Best Use presents practical advice and real-world examples that demonstrate
 
•   How to determine the appropriate level of market analysis
•   The dos and don’ts of market area delineation
•   Productivity analysis
•   Supply and demand relationships in residential markets
•   Researching data sources and applying statistical tools
 
Readers of this new text will learn how to plan and perform appropriately detailed market and highest and best use analyses that lead to credible and supportable value conclusions and convincing appraisal reports.
Appraisers in Arbitration, Second Edition - PDF Appraisers in Arbitration, Second Edition - PDF Konikoff, Paula K. $75.00 Details Commercial, Litigation, Market Analysis, Standards and Ethics This book presents up-to-date information and advice on how appraisers can expand their practices by participating in real estate arbitrations. (2022)
 
Appraisers in Arbitration, second edition, presents up-to-date information and advice on how appraisers can expand their practices by participating in real estate arbitrations.
 
Arbitration is increasingly seen as an efficient and cost-effective alterna­tive to litigation, and valuation professionals are often called on to serve as arbitrators, expert witnesses, and consultants in arbitration matters. This practical text provides specific advice on how to perform each task required in an arbitration and the standards that apply to each service. Every step in the arbitration process, from the preliminary hearing to the final award, is explained and common arbitration scenarios and real-world examples of in-person and virtual arbitrations are discussed.
 
Appraisers in Arbitration, second edition, is essential reading for valuers who wish to explore how arbitration differs from other areas of practice and learn how to make use of their valuation skills in this new and exciting area of specialization.  
A Guide to Appraising Restaurants - PDF A Guide to Appraising Restaurants - PDF Carter, Bradley R., Leard, James Tyler $70.00 Details Business Valuation, Commercial, Retail, Special Purpose Property This guide explores the issues related to valuing restaurant properties as well as the risks associated with the restaurant industry and how they affect real property. (2021)
 
The restaurant business is risky. Owners and operators of restaurants know this, and real estate professionals must know it as well. Appraisers who value restaurant properties should fully understand the opportunities and risks inherent in restaurant operations and how these factors affect real property value.
 
A Guide to Appraising Restaurants is aimed at commercial appraisers, brokers, lenders, and reviewers who wish to explore the complex issues related to valuing restaurant properties. This guide will also help professionals involved in designing, developing, financing, and investing in restaurants understand marketability and valuation issues relating to restaurant properties and what to expect from restaurant property appraisals.
 
The book examines important trends in the restaurant industry and demonstrates market, location, and property analyses and the three approaches to value. Case studies and examples of different valuation scenarios are included to provide real-world insights.
A Guide to Appraising Automobile Dealerships, Second Edition - PDF A Guide to Appraising Automobile Dealerships, Second Edition - PDF Carter, Bradley R. $70.00 Details Business Valuation, Commercial, Retail, Special Purpose Property This guide discusses the complexities of valuing automobile dealerships and relevant trends in the automotive industry. (2021)
 
Valuing automobile dealerships requires specialized knowledge of the physical features of dealerships as well as trends in the real estate and automotive industries.Guide to Appraising Automobile Dealerships, second edition, explores changing car buying habits, business models, and various types of vehicle-related properties and addresses the concerns of users of appraisal reports. Case studies and real-life examples are included along with guidance from industry experts.
 
A Guide to Appraising Automobile Dealerships, second edition, will help commercial real estate appraisers examine the relevant issues considered in the valuation of auto dealerships and offer insights to professionals involved in the design, development, and financing of these unique properties.
Appraising Conservation and Historic Preservation Easements, Second Edition - PDF Appraising Conservation and Historic Preservation Easements, Second Edition - PDF Brigden, Charles, Roddewig, Richard J. $100.00 Details Commercial, Easements, Environmental, Residential, Special Purpose Property This landmark text explains the techniques applied to analyze the effect of easements on property value and examines relevant recent changes in public policy. (2020)
 
Appraising Conservation and Historic Preservation Easements, second edition, is a landmark text for appraisers, land trusts, historic preservation organizations, tax professionals, attorneys, and state and federal agencies involved in the creation, donation, and valuation of easements. Relying on their extensive experience in this specialized area of valuation, the authors describe in detail the techniques applied to analyze the effect of easements on property value and examine the changes in public policy regarding conservation and preservation that have occurred in recent years. The expanded oversight of the appraisal process by governmental and judicial entities makes it imperative that those involved in valuing easement-encumbered properties demonstrate their competence to their clients, their peers, the Internal Revenue Service, and the courts. Using case studies and actual court cases, this book explores the many complex issues related to the valuation of conservation and historic preservation easements and the pitfalls that appraisers may encounter as they undertake these challenging and controversial appraisal assignments.   
The Student Handbook to The Appraisal of Real Estate, 15th Edition - PDF The Student Handbook to The Appraisal of Real Estate, 15th Edition - PDF Ratterman, Mark R. $100.00 Details Commercial, Land/Site Valuation, Market Analysis, Residential, Valuation Approaches This handbook summarizes each chapter of The Appraisal of Real Estate, 15th ed., explaining key concepts and demonstrating valuation techniques using examples and review exercises. (2020)
 
The Student Handbook to The Appraisal of Real Estate, 15th Edition is a practical tool for learning about real estate valuation independently or in the classroom. Based on the Appraisal Institute's classic textbook, it provides the essential information real estate professionals need to understand the valuation profession, prepare for state examinations, and embark on a career in real estate. The handbook summarizes each chapter of The Appraisal of Real Estate, 15th edition, covering key concepts and important terms. It explains and demonstrates the essential principles and techniques of valuation using examples of situations practitioners are likely to encounter in their daily work. Because problem-solving is the foundation of a valuer's skill set, each chapter of The Student Handbook to The Appraisal of Real Estate, 15th Edition provides review exercises for readers to work through and suggested solutions for classroom discussion and further study.
 
 Instructors: Request Instructor Materials
 
The Appraisal of Real Estate, 15th Edition - PDF The Appraisal of Real Estate, 15th Edition - PDF $150.00 Details Commercial, Land/Site Valuation, Market Analysis, Residential, Valuation Approaches This comprehensive reference text is the recognized authority on the valuation of residential, commercial, and industrial property. (Hardcover, 2020)
The Appraisal of Real Estate, 15th edition, is a book that fits these chaotic times, when a global pandemic and social justice concerns call into question our economy and other aspects of our lives. The Appraisal Institute is proud to present this text as confirmation of its faith in, and commitment to, the valuation community and the sound application of recognized valuation methodology.
 
In addition to updated information on changes in real estate markets and valuation standards, these significant changes appear in this edition:
  • New chapters focused on applications of market analysis and highest and best use analysis
  • Additional emphasis on identifying the property rights to be appraised in an appraisal assignment
  • Deeper discussion of accepted techniques for allocating value among real estate, personal property, and non-realty items
History confirms that the applicability and importance of different valuation techniques rise and fall as real estate markets and society evolve, but the basic principles of valuation that are at the core of this book, and fundamental to the appraiser’s skill set, remain unchanged.
 
Instructors: Request Instructor Materials 
Residential Property Appraisal - PDF Residential Property Appraisal - PDF Ratterman, Mark R. $100.00 Details Residential, Single-family, Standards and Ethics, Valuation Approaches This authoritative, accessible text will prove essential to residential appraisers looking for timely information on current topics and issues. (2020)
 
Residential real estate appraisers must have the necessary education, knowledge, and experience to perform their valuation assignments competently. Residential Property Appraisal is an authoritative, accessible text that will prove essential to valuers new to the field as well as more experienced residential appraisers looking for timely information on current topics and issues. The book explores all aspects of home ownership, value, and economics and details all the steps of the appraisal process. Specialty residential property types and markets are thoroughly discussed. Each chapter includes examples illustrating common scenarios encountered in residential appraisal practice and presents definitions of key terms to help the reader understand the important concepts presented.
Scope of Work, Third Edition - PDF Scope of Work, Third Edition - PDF Coleman, Stephanie C. $70.00 Details Commercial, Residential This book addresses the evolution of the scope of work concept in the appraisal profession and scope of work requirements presented in current valuation standards. (2020)
 
In every appraisal assignment, valuers must identify the scope of work, which describes the extent of the appraiser’s investigation and the analysis applied to answer the client’s question about property value. The scope of work concept is fundamental to appraisal, and its proper application ensures that appraisers can provide a wide range of services and maintain flexibility in their assignments, which has become increasingly important in our rapidly changing business environment.
 
This new edition of Scope of Work addresses the evolution of the scope of work concept in the appraisal profession and the current scope of work requirements presented in the Uniform Standards of Professional Appraisal Practice (USPAP), the Appraisal Institute Standards of Valuation Practice (SVP), and the International Valuation Standards (IVS). Case studies and appraisal report templates are provided to help appraisers understand how scope of work can be applied in a variety of assignments. This valuable text can help appraisers customize their work products to successfully meet their clients’ needs while adhering to valuation standards and maintaining professional integrity.
 
 
The Valuation of Condominiums, Cooperatives, and PUDs - PDF The Valuation of Condominiums, Cooperatives, and PUDs - PDF Sweeney, Maureen B. $70.00 Details Multifamily, Residential, Single-family, Special Purpose Property This book discusses the appraisal of condominiums, cooperative properties (co-ops), and planned unit developments (PUDs). (2019)

Winner of the George L. Schmutz Award 

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.

Corridor Valuation: An Overview and New Alternatives - PDF Corridor Valuation: An Overview and New Alternatives - PDF $50.00 Details Commercial, Infrastructure, Land/Site Valuation, Litigation, Residential This landmark text provides valuation professionals guidance on appraising railroad corridors. (2019)


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Corridor valuation presents special challenges for real property professionals. In recognition of this problem, the Appraisal Institute, the International Right of Way Association, and the Appraisal Institute of Canada are proud to announce the joint publication of Corridor Valuation: An Overview and New Alternatives.

Corridor Valuation: An Overview and New Alternatives explores the controversial issues surrounding railroad corridors, with definitive information on the evolution of corridor valuation theory, related property rights and legal issues, and methodologies for valuing railroad, telecommunications, pipeline, power transmission, and conservation corridors. Many authors have contributed their personal experiences and insights to this text, which will prove useful to a wide range of property professionals valuing railroad corridors in the United States and Canada.

Risk Management for Real Estate Appraisers and Appraisal Firms - PDF Risk Management for Real Estate Appraisers and Appraisal Firms - PDF Christensen, Peter $70.00 Details Commercial, Litigation, Residential, Standards and Ethics This book provides practical guidance on how to manage liability risk associated with appraisal work and the operation of appraisal firms. (2019)

Winner of the George L. Schmutz Award  

Facing a lawsuit is a scenario that most appraisers would rather not think about, but it is a reality of the valuation profession. Risk Management for Real Estate Appraisers and Appraisal Firms provides practitioners with realistic, effective suggestions for managing the risks associated with valuation assignments.

Presenting information based on published court opinions and actual professional liability insurance claims, the book examines why appraisers get sued, the elements of the most common claims, and the appraiser’s best tools for reducing liability risk. Unique issues relating to specific areas of appraisal work are covered—including residential and commercial lending, appraisal review, expert witness, and arbitration services. Strategies for mitigating risks relating to the operation of appraisal firms are also discussed.

Risk Management for Real Estate Appraisers and Appraisal Firms will help appraisers assess their liability and take steps to lessen their risk and protect their appraisal practices.  

Real Property Valuation in Condemnation - PDF Real Property Valuation in Condemnation - PDF $110.00 Details Commercial, Litigation, Residential, Standards and Ethics, Valuation Approaches This book discusses real estate appraisal assignments for condemnation purposes. (2018)


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In 1995 the Appraisal Institute published the landmark text, Real Estate Valuation in Litigation. Now we are pleased to announce Real Property Valuation in Condemnation, a text focused specifically on the contentious subject of condemnation.

What do appraisers need to know to value properties subject to eminent domain? Appraisers who value condemned properties are likely to find themselves in court, explaining and defending their analysis and opinions. In these high-pressure situations, they can rely on the experience and guidance of their valuation peers, which has been gathered, distilled, and illustrated in this new book.

 Although the legal parameters and circumstances of condemnation appraisal assignments may be unique, appraisers are hired to provide opinions of value. The information provided in Real Property Valuation in Condemnation will help them do just that and ensure that they perform these complex assignments with competence, professionalism, and a commitment to ethical conduct.

Valuation by Comparison, Second Edition - PDF Valuation by Comparison, Second Edition - PDF Ratterman, Mark R. $60.00 Details Residential, Single-family, Valuation Approaches This book explores the logic applied in developing a value opinion for a property by comparing it with other properties. (2018)


Winner of the George L. Schmutz Award 

When market volatility and increased oversight create problems, experienced residential appraisers find solutions by developing and implementing new strategies grounded in appraisal fundamentals. Valuation by Comparison, second edition, will help appraisers get back to basics by exploring the reasons behind current market behavior and the logic of the sales comparison approach. With the information in this book, appraisers can develop a deeper understanding of the valuation process and a greater ability to handle a wide variety of appraisal assignments.

Residential appraisers need to know their markets and how to research comparable transactions. Data collection and analytical skills are both essential. This handbook examines common pitfalls encountered by appraisers when searching for data and presents helpful online research tips that can help practitioners find data in markets where data is scarce, inconsistent, or misleading.

Designed with the needs of the intermediate-level residential appraiser in mind, the text updates the first edition of Valuation by Comparison by addressing changes in real estate markets and presenting innovative ways to solve persistent appraisal problems.

The Valuation of Green Commercial Real Estate - PDF The Valuation of Green Commercial Real Estate - PDF Runde, Timothy P., Thoyre, Stacey L. $85.00 Details Commercial, Environmental, Green/Sustainable, Valuation Approaches This text explains how valuation professionals can identify and value green property features in new and existing commercial properties (2017).


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It’s here—the comprehensive text on green building that real estate professionals have been waiting for! The Valuation of Green Commercial Real Estate will provide appraisers and others with an in-depth understanding of green terminology and concepts—information they need to identify and value the green property features found in new construction and commercial building renovations. This essential resource examines green building rating systems and the advanced building design and operating characteristics that make a commercial building energy-efficient and sustainable. The effects of these innovations on the valuation process are explored as are the government regulations, financing, and tax incentives applicable to green buildings. The future belongs to green, so catch the wave and take a crash course in green to prepare for your next appraisal assignment.

Rural Property Valuation - PDF Rural Property Valuation - PDF $140.00 Details Agriculture, Commercial, Environmental, Land/Site Valuation This reference textbook will help both experienced valuers and novice appraisers successfully complete challenging rural valuation assignments (2017).


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Rural Property Valuation provides information on the many forces that affect agricultural and ranch properties in the United States. It lays the groundwork for a broad understanding of rural properties and offers specific data and analytical tools appraisers can use in their daily work. The text offers a rural perspective on appraisal basics such as

  • Property rights
  • Financing
  • Market analysis and highest and best use
  • Site and building improvements
  • The approaches to value

These additional topics unique to rural property are also covered:

  • Federal and state assistance programs
  • Soil analysis and carrying capacity
  • Agricultural production
  • Ranch management
  • Dairy farm operations
  • Permanent plantings
  • Timberland valuation

In short, Rural Property Valuation is a landmark text that addresses the needs of practicing appraisers and provides valuable insights and information that cannot be found elsewhere. It should prove useful to appraisers who value rural properties once a year, once a month, or every day.     

Subdivision Valuation, Second Edition - PDF Subdivision Valuation, Second Edition - PDF Emerson, Don M. $70.00 Details Land/Site Valuation, Multifamily, Residential, Single-family This second edition provides an overview of the many complexities involved in valuing single-unit residential subdivisions. (2017)


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The second edition of Subdivision Valuation provides a comprehensive overview of the methodology used in valuing existing and proposed single-unit residential subdivisions. Market and neighborhood analysis, highest and best use, profit and timeline concepts, land value, yield, line-item profit, and discounting procedures are described in detail and case studies are presented to illustrate lot presales, mortgage financing, bulk sale forecasts, and the time-zero profit dilemma. Developer risk reduction strategies, lot sales to potential homeowners, proposed construction performance bonds, and super pad sites are also discussed. Finally, areas of weakness in subdivision appraisal reports are examined to provide guidance on how to avoid common valuation errors.

Subdivision Valuation, second edition, provides essential information about a complex topic and will be useful to commercial appraisers seeking to expand or refine their skills in subdivision analysis and valuation. 

Appraising Manufactured (Mobile) Home Communities and Recreational Vehicle Parks - PDF Appraising Manufactured (Mobile) Home Communities and Recreational Vehicle Parks - PDF Saia, Robert Scott $60.00 Details Multifamily, Residential, Single-family, Special Purpose Property This book provides appraisers with an overview of the methods used in the valuation of manufactured (mobile) home communities and RV parks (2017).



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Manufactured housing units are found throughout the United States, and the popularity of mobile homes and recreational vehicles (RVs) will continue to grow as manufacturers offer new design concepts and aging baby boomers look for affordable housing and travel options.

Appraising Manufactured (Mobile) Home Communities and Recreational Vehicle Parks presents a broad overview of the manufactured housing industry and examines the various factors that affect the value of mobile home and RV parks. It describes the various types of home and travel units available and the communities and parks where they are found. The text explores the complex legal, physical, and economic challenges involved in owning and operating mobile home and RV parks and demonstrates practical methods for valuing these unusual properties. With in-depth analysis of the operation of mobile homes and RV parks, the book will be useful not only to appraisers, but also to investors, regulators, owners, and buyers and sellers of mobile home and RV parks.

Identifying Residential Architectural Styles - PDF Identifying Residential Architectural Styles - PDF Nadeau, Marc P. $60.00 Details Residential, Single-family This text is a primer on American residential architecture for the real estate appraiser, providing an overview of US architectural styles. (2015)

 

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Identifying Residential Architectural Styles is an illustrated guide that will help appraisers identify the architectural styles of the homes they appraise and determine how various construction elements contribute to or detract from value. Reporting on the design or style of a home is an essential part of residential appraisal, and practitioners can use this book to learn about

  • The historical evolution of architecture in America from 1600 until the present
  • Significant architectural design elements and the architects who introduced them
  • Residential building elements and materials, including framing and foundations, exterior siding and insulation, drainage and heating systems, flooring, windows, and roofing

In addition to dozens of photos and drawings of important building elements, the book includes a pictorial overview of residential architectural styles and two glossaries. A final chapter presents case studies of nine different architecturally significant homes that were sold in various locations across the United States. 

Note: This book is only available in PDF format. 
Real Estate Damages, Third Edition - PDF Real Estate Damages, Third Edition - PDF Bell, Randall $75.00 Details Commercial, Environmental, Land/Site Valuation, Litigation, Residential This third edition of the popular text provides a foundation for valuing properties subject to 10 different types of detrimental conditions (2016).


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When disaster strikes, people are hurt and property is damaged. Whether it’s a natural event or a man-made detrimental condition, real estate appraisers should be prepared to assess the effect of damages on property value. Preparation is essential since most appraisers will be asked to appraise property subject to damages at some point in their careers.

For nearly two decades, practitioners have relied on Real Estate Damages to learn about detrimental conditions and tackle these complex and controversial appraisal assignments. This third edition of the popular text provides a foundation for valuing properties subject to 10 different types of detrimental conditions and sheds light on current factors affecting property such as climate change, terrorism, and oil and gas exploration.

Real Estate Damages, third edition, describes and demonstrates a variety of tools appraisers can use to delineate market boundaries, gather relevant data, analyze the short- and long-term effects of detrimental conditions, and derive value opinions and conclusions that are well-reasoned, supportable, and defensible in court. Order Real Estate Damages today—your survival guide to the valuation of damaged property.

Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation - PDF Review Theory and Procedures: A Systematic Approach to Review in Real Property Valuation - PDF $70.00 Details Commercial, Residential, Review, Standards and Ethics This book provides practitioners with a model that defines the review function and describes how to integrate and organize review tasks. (2015)

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Reviewing appraisals has become increasingly important in the appraisal profession and in the economic marketplace, with more appraisals being scrutinized and more appraisers offering review services. Review Theory and Procedures provides practitioners with a comprehensive model that defines the review function and describes how to integrate and organize the various tasks involved in performing a review assignment.

The book examines the review process step-by-step, from the identification of the client’s problem through to the review report, which communicates the reviewer’s conclusions about the quality of the work under review. The book also discusses

  • The reviewer’s role in valuation practice
  • Essential criteria for acquiring and demonstrating professional competence
  • The regulatory environment in which reviewers work
  • Review assignments involving complex properties
  • Challenging assignment conditions
  • Misunderstandings that impair communication between reviewers and appraisers

Review Theory and Procedures will serve as an introduction to the review discipline for novice appraisers and provide new opportunities for experienced practitioners to enhance their skills and demonstrate their competency in the review area.

Market Analysis for Real Estate, Second Edition - PDF Market Analysis for Real Estate, Second Edition - PDF Fanning, Stephen F. $115.00 Details Commercial, Market Analysis, Residential This classic reference presents theory and techniques of market analysis and highest and best use determination with seven complete case studies. (2014)

 

Winner of the George L. Schmutz Award

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Market analysis is essential to real estate appraisal, and only an experienced, trained valuation professional can provide the type of in-depth study required to identify the supply and demand for a class of property in a specific market and assess the marketability of a unique property in that market.

This second edition of the classic reference is a three-part text that presents the principles and techniques of market and marketability analysis, illustrates these concepts with case study applications, and explains how the information developed in the appraiser’s market analysis contributes to the highest and best use conclusion and the application of the three approaches to value. The case study properties examined in the text include an existing shopping center, office building, industrial property, and apartment complex as well as vacant land and a vacant shopping center.

Market Analysis for Real Estate presents market analysis as an integrated process and demonstrates how market and marketability techniques are applied to actual situations that appraisers encounter in performing valuations and complex, stand-alone market studies.

Download the case study spreadsheets used in the case study applications in this book.

Residential Green Valuation Tools - PDF Residential Green Valuation Tools - PDF Adomatis, Sandra K. $70.00 Details Green/Sustainable, Residential, Valuation Approaches Overview of high-performance homes with case studies, problems, and full instructions on completing green and energy efficient appraisal form. (2014)

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For a free sneak preview of this book, download Chapter 2: The Challenges of Valuing Green.

Sustainable building is in the news and the market for green, or high-performance, homes is clearly growing. Appraisers who want to appraise these homes competently need to get up to speed on green and energy-efficient home features and learn to determine exactly how green a particular property is.

Residential Green Valuation Tools explores the six features that make a home green—proper siting, water and energy efficiency, indoor air quality, materials, and operations and maintenance—and provides:

  • A comprehensive overview of the valuation of high-performance homes
  • Case studies illustrating common scenarios and valuation problems
  • Detailed instructions on how to complete the AI Residential Green and Energy Efficient Addendum form
  • Tips for appraising Energy Star homes, passive solar houses, solar photovoltaic systems, and net-zero energy homes

Appraisers who value green homes are breaking new ground and face unique challenges. Residential Green Valuation Tools provides the methods and resources you need to meet these challenges and become a green-friendly appraiser.

"Green, energy-efficient residential properties are complex, and this book walks you through the entire process for valuing these properties systematically. In addition, the book presents logical step-by-step adjustment procedures using familiar methodologies including DCF, GRMs, and cost analysis. Residential Green Valuation Tools thoroughly explains what green building is, where to find green data, how to solve green valuation problems, and why green valuation is here to stay."

Robert D. Mims IV, SRA

 

Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II - PDF Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II - PDF Roddewig, Richard J. $85.00 Details Commercial, Environmental, Industrial, Land/Site Valuation, Litigation, Residential This anthology contains 67 articles on valuing 10 categories of contaminated property and includes topical introductions and expert commentary. (2014)

 

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Properties impacted by contamination raise challenging appraisal issues. To ensure competence and meet appraisal standards, practitioners must understand the history and development of widely recognized and generally accepted methods for handling these challenging appraisal assignments.

Valuing Contaminated Properties: An Appraisal Institute Anthology, Volume II, includes significant articles, seminar material, and professional guidelines on the topic published since 2002, when the first volume of the series was released. Using this collection curated by an appraisal expert, practitioners can become well-versed in all the trends regarding contaminated properties, including:

  • The accepted understanding that contamination’s impact on value is largely temporary
  • The shifting focus from appraising industrial and commercial source sites to appraising residential properties affected by contamination
  • The increased availability of online sales data and the emphasis on using more market data in contamination assignments

Valuing Contaminated Properties, Volume II, is a definitive compilation of accepted appraisal knowledge selected and interpreted by a valuation expert. This anthology will help appraisers look toward a future of evolving strategies for dealing with environmental contamination.

 

Applications in Litigation Valuation: A Pragmatist’s Guide - PDF Applications in Litigation Valuation: A Pragmatist’s Guide - PDF Johnson, Jeffrey A., Matonis, Stephen J. $75.00 Details Commercial, Easements, Litigation, Standards and Ethics This overview of litigation valuation covers eminent domain, contamination, taxation and other topics and includes 17 case studies. (2012)

 

Winner of the George L. Schmutz Award

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Litigation valuation is a fascinating discipline that offers a range of opportunities to qualified real property appraisers. Whether you are new to litigation valuation or have experience but want to expand your practice, Applications in Litigation Valuation: A Pragmatist’s Guide is for you.

The book provides an overview of the fundamentals of litigation appraisal, beginning with a discussion of the appraiser’s engagement, execution of the assignment and expert testimony. These early chapters are followed by a series of case studies based on actual appraisal litigation assignments involving:

  • Eminent domain and condemnation
  • Title issues
  • Environmental contamination
  • Taxation
  • Other topics

The case studies explore a broad range of valuation issues and services and provide tangible examples of appraisers at work. By describing disputes that involve real estate valuation or litigation support and demonstrating their resolution, the contributors to this guide share with you their experiences and divulge the secrets they have learned in order to thrive in the courtroom.

Applications in Litigation Valuation: A Pragmatist’s Guide is one of a kind. It’s interesting and useful to see how other appraisers deal with the many problems that arise in litigation assignments, inside and outside the courtroom.”

Michael S. MaRous, MAI

Note: This book is only available in PDF format. 
 
 
 
Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues, Second Edition - PDF Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues, Second Edition - PDF Bainbridge, Robert E. $55.00 Details Business Valuation, Commercial, Retail, Special Purpose Property This guide to valuing convenience stores and gas stations covers retail economic and market analysis, condemnation, and highest and best use. (2012)

 

Winner of the George L. Schmutz Award

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The convenience industry is a complex and fascinating retail channel that has responded to recent economic challenges by embracing new ideas. The second edition of Convenience Stores and Retail Fuel Properties: Essential Appraisal Issues will help appraisers of convenience stores keep up with these changes and understand how to value convenience properties. This second edition demonstrates market analysis using statistical data and information on important recent developments in the convenience industry, such as:

  • Reduced fuel profits
  • Competition from hypermarkets
  • Increased focus on food service

Added chapters discuss:

  • Fundamentals of economic theory as applied to convenience retail real estate
  • Eminent domain issues
  • Highest and best use essentials for convenience store sites

As an added bonus, the book presents a prototype of a working commercial property automated valuation model. Links to helpful online digital content, including interviews with experts and practical field examples, are also provided to illustrate the concepts discussed.

 

Additional Resources referenced in the book can be found at this link:

https://tinyurl.com/ConvenienceStoresAI

 

“I'd recommend this comprehensive book to anyone who wants to gain a better understanding of a convenience store/retail fuel property from site planning to store operations."                      

John A. Schwartz, MAI

 

 

The Appraisal of Water Rights - PDF The Appraisal of Water Rights - PDF Herzog, Steven J. $45.00 Details Agriculture, Commercial, Easements, Environmental This text explores the valuation of water rights and applicable standards and techniques and includes real-world case studies (2012)

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Water is big news, and the water rights associated with a parcel of land can have a huge impact on property value. In The Appraisal of Water Rights, author Steven Herzog, MAI, explores the subject of water and the challenges presented by appraisal assignments involving water rights.

Topics covered include

  • The nature and transferability of water rights
  • The applicability of appraisal standards, and
  • The skills and knowledge needed to handle valuation assignments involving water rights competently.

Case studies demonstrating the appraisal of partial and stand-alone interests are included, along with a glossary of water-related terms.

 

Hotel Market Analysis and Valuation: International Issues and Software Applications - PDF Hotel Market Analysis and Valuation: International Issues and Software Applications - PDF Rushmore, Stephen $75.00 Details Business Valuation, Commercial, Lodging and Hospitality, Market Analysis, Technology and Software, Valuation Approaches This text examines the hotel industry and the valuation of lodging facilities worldwide with a detailed case study and valuation software (2012).

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This book encompasses the global hotel market and issues in the lodging industry. Included with the purchase of this book is Hotel Valuation Software, a valuable tool that appraisers can use to analyze hotel properties in any market.

Major topics covered in this text include:

  • The development of the hotel industry in Europe, South America, India, China, and the United States
  • Supply and demand issues
  • Hotel market studies
  • Forecasting revenues and expenses
  • The valuation process, and
  • The state of the lodging industry.

A realistic case study is also included to illustrate the concepts discussed and demonstrate the valuation software.

Hotel Market Analysis and Valuation: International Issues and Software Applications is unique in that it provides an in-depth and technologically advanced discussion of the market analysis and valuation of hotels around the world. It contains a wealth of information that will prove useful to appraisers as well as hotel developers, investors, and lenders.

 

Self Storage Economics and Appraisal - PDF Self Storage Economics and Appraisal - PDF Sonne, R. Christian $50.00 Details Commercial, Industrial, Market Analysis, Special Purpose Property This guide describes the self storage market and how to develop sophisticated analyses of these unique real estate assets. (2012)

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Self storage is a bright spot in the commercial real estate market. Once considered an interim property use, self storage today is a core asset class that attracts savvy investors and promises good growth for years to come.

Inside Self Storage Economics and Appraisal, author R. Christian Sonne, MAI, discusses how to develop the sophisticated analyses needed to assist investors, lenders, developers, and owners in their self storage investment decision making.

This book includes:

  • An examination of the unique characteristics of the self storage industry
  • An exploration of the vast array of data and tools used to perform analyses of self storage properties
  • Up-to-date statistics, extracts from sample appraisal reports, and real-world self storage case studies

"Self Storage Economics and Appraisal is a concise, no-nonsense, useful resource that provides keen insights regarding the self storage industry, how self storage properties work, and how to appraise them. It has become a valuable and welcome addition to my personal reference library."                                                                                                                                        Richard Marchitelli, MAI

Note: This book is only available in PDF format.  


Real Estate Valuation in Global Markets, Second Edition - PDF Real Estate Valuation in Global Markets, Second Edition - PDF Gelbtuch, Howard C. $30.00 Details Commercial, Residential, Valuation Approaches This comprehensive text helps appraisers understand real estate valuation principles and practices in 47 countries around the world (2011).

 

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Become a World-Class Valuation Professional

Business has gone global, and international expertise is in demand. Consider how these global changes can affect your business and discover the opportunities that await the international valuer!

Look inside Real Estate Valuation in Global Markets, second edition, edited by Howard C. Gelbtuch, MAI, and learn about appraisal practice in dozens of countries with comprehensive, on-the-ground information from local experts. Get insider information on appraisal in 47 countries, and expand your professional horizons on a global scale. 

This one-of-a-kind text serves as your passport to understanding real estate valuation around the world!

Note: This book is only available in PDF format. 
 
Exceeding Expectations: Producing Appraisal Reports and Services That Delight Clients - PDF Exceeding Expectations: Producing Appraisal Reports and Services That Delight Clients - PDF Schafer, Scott M. $25.00 Details Commercial, Reports, Residential, Standards and Ethics, Valuation Approaches This guide explores quality control and the six sigma method that appraisal firms use to improve client relationships, service, and reports (2011).

 

In times of heightened appraiser accountability, internal quality control is essential for a successful appraisal business. Learn how to listen to clients, meet their needs, and implement effective quality control review processes to set yourself apart from the competition and succeed.

Exceeding Expectations: Producing Appraisal Reports and Services That Delight Clients presents an accessible overview of the quality control principles developed for manufacturing and other industries and applies them to the appraisal profession.

This guide provides: details of an internal quality control review process, valuable pointers on verbal communication and active listening, and effective writing tips for gathering client feedback and using it effectively. Appraisers who bring these skills together can truly excel.

Order this guide and create client loyalty as well as improve your firm’s products and services!

In Defense of the Cost Approach: A Journey into Commercial Depreciation - PDF In Defense of the Cost Approach: A Journey into Commercial Depreciation - PDF Bowes, Nelson $45.00 Details Commercial, Valuation Approaches This guide explains estimating depreciation (physical deterioration and functional and external obsolescence) with math, graphs, and tables (2012).

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In this book, the estimation of all three types of depreciation—physical deterioration, functional obsolescence, and external obsolescence—is discussed in detail. Numerous examples are presented with descriptive tables and graphs that break down the analysis and mathematics involved.

Using humor and common sense, the author makes a complicated subject clear, helping even the most skeptical practitioner feel confident using the cost approach in everyday appraisal assignments.

Order now and learn to love the cost approach!

Note: This book is only available in PDF format. 
A Business Enterprise Value Anthology, Second Edition - PDF A Business Enterprise Value Anthology, Second Edition - PDF Lennhoff, David C. $60.00 Details Business Valuation, Commercial, Valuation Approaches This collection of articles and commentary explores valuation of real estate that includes the intangible assets of an operating business. (2011)

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This second edition of A Business Enterprise Value Anthology has been compiled to assist real estate appraisers in valuing real property with a business component. These articles present differing points of view on this controversial issue.

The compilation contains 27 original and reprinted articles on business enterprise value in general and on valuing the tangible and intangible assets in special property types such as

  • Hotels and motels
  • Nursing facilities
  • Convenience stores
  • Billboards
  • Shopping centers

The book concludes with a case law update summarizing court rulings related to these topics. Order now and join the business enterprise value debate!

 

 

Visual Valuation: Implementing Valuation Modeling and Geographic Information Solutions - PDF Visual Valuation: Implementing Valuation Modeling and Geographic Information Solutions - PDF Linne, Mark R. $60.00 Details Commercial, Residential, Technology and Software Collection of authored articles on valuation modeling and the use of geographic information systems in real estate appraisal (2010).

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This book offers innovative thinking and technological solutions to many of the issues confronting the valuation profession. It explores information technology--geographic information systems (GIS), valuation modeling applications, and predictive analytics software—and its implementation by real estate professionals.

The valuation scenarios presented in this book range from the approachable to the complex, as various contributors with diverse expertise find ways to leverage existing technologies to address valuation issues. The discussions and demonstrations provided will educate appraisers new to valuation modeling and GIS while also addressing the concerns of more sophisticated users who are already comfortable with practical applications of the technology. Each chapter can be read on its own or as part of a larger argument about the evolution of appraisal practice.

Note: This book is only available in PDF format. 
 
Appraising the Appraisal: The Art of Appraisal Review, Second Edition - PDF Appraising the Appraisal: The Art of Appraisal Review, Second Edition - PDF Sorenson, Richard C. $60.00 Details Commercial, Residential, Review This book describes best practices and common deficiencies found in the appraisal review process and includes useful checklists and forms. (2010)

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Reviewing appraisal reports is an essential quality-control function, and today it is more important than ever. This second edition of Appraising the Appraisal provides practical instruction on the appraisal review process and helps promote greater understanding between reviewers and appraisers. Written by a seasoned professional, this useful guide describes common deficiencies in appraisal reports and offers tips for preparing careful and constructive appraisal reviews that can be applied by appraisers, lenders, and other professionals.

This edition includes information on scope of work and data verification and real-world examples that highlight the qualities of both effective and ineffective appraisals. A case study, handy checklists, and sample review forms are also provided.

Note: This book is only available in PDF format.  
The Appraisal of Nursing Facilities - PDF The Appraisal of Nursing Facilities - PDF Tellatin, James K. $60.00 Details Commercial, Healthcare, Institutional, Special Purpose Property This text discusses the economic and physical characteristics of skilled nursing homes, including cash flow and federal assistance programs. (2009)

 

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Explore valuation opportunities in the growing senior housing industry!

In this comprehensive text, healthcare property valuation expert James K. Tellatin, MAI, explores long-term care facilities from both physical and economic perspectives. The discussion focuses on skilled nursing facilities, covering topics such as the intricacies of Medicare and Medicaid funding as well as the complex factors impacting the operations of for-profit and non-profit facilities.

In addition to demographic and operational data, this text provides a wealth of practical instruction. Readers will learn how to:

  • Use Medicare and Medicaid cost reports, market surveys, interviews, and sales to gather and analyze data
  • Calculate federal and state cost reimbursements
  • Forecast occupancy, census, payor mix, income, and expenses
  • Apply specialized techniques to different valuation scenarios
  • Allocate business assets and address other appraisal challenges
The Valuation of Office Properties: A Contemporary Perspective - PDF The Valuation of Office Properties: A Contemporary Perspective - PDF Slade, PhD, Barrett A. $50.00 Details Commercial, Market Analysis, Office, Valuation Approaches This handbook covers types of office properties, inspection and measurement, lease analysis, cash flows, and operating expense estimates. (2009)

 

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Get The Valuation of Office Properties: A Contemporary Perspective and learn the terminology, concepts, principles, and analytical techniques needed to value complex, multitenant office buildings.   The Valuation of Office Properties includes essential information on:

  • The history of the office building
  • Characteristic attributes of different types of office buildings
  • Site and improvement inspection and analysis
  • Industry measurement criteria

Through an in-depth case study and real-world examples, the author demonstrates the application of the income capitalization approach and thoroughly examines:

  • Office leases
  • The forecasting of cash flows
  • The estimation of rents, vacancies, and operating expenses

The sales comparison approach, the cost approach, and final reconciliation are also demonstrated. An extensive glossary and bibliography are included for further reference.

 

Capitalization Theory and Techniques Study Guide, Third Edition - PDF Capitalization Theory and Techniques Study Guide, Third Edition - PDF Akerson, Charles B., Lennhoff, David C. $60.00 Details Commercial, Valuation Approaches This workbook explains the mathematics of finance and key terms, symbols, and formulas appraisers use to apply the income capitalization approach to value. (2009)

 

Winner of the George L. Schmutz Award

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While markets, methodologies, and technology may change, the need to understand the mathematics of finance does not. Capitalization Theory and Techniques Study Guide, third edition, provides practitioners and students of the income capitalization approach to value with an essential reference tool for their appraisal offices and classrooms.

This appraisal workbook offers:

  • In-depth coverage of the income capitalization approach, including a historical perspective and practical instructions for applying capitalization techniques
  • Key terms, symbols, formulas, financial tables, and calculator keystrokes as well as references to important appraisal resources
  • Fifteen lessons with hands-on exercises, more than 50 practice problems, and two case studies

 

About the Authors

Charles B. Akerson (1922-2009): A Founding Father of Real Estate Appraisal                                            Charles B. Akerson, MAI, Author, was not only the author of Capitalization Theory and Techniques Study Guide, the Appraisal Institute’s classic text on the income capitalization approach, he was also a forefather of the appraisal profession. An internationally known appraiser, counselor, and teacher, Charlie served as Editor-in-Chief of The Appraisal Journal and as President of the American Institute of Real Estate Appraisers and UPAV. He also received the George H. Schmutz Publication Award in 1999 for his appraisal writing.

 

David Lennhoff, MAI, SRA, CRE, FRICS, Editor, leads SC&H Group’s Appraisal Services Practice. He has been appraising since 1975. He is also an active teacher and author. Mr. Lennhoff was Editor-in-Chief of The Appraisal Journal in 2004.

 

Using Residential Appraisal Report Forms: URAR, Form 2055, and the Market Conditions Form, Second Edition - PDF Using Residential Appraisal Report Forms: URAR, Form 2055, and the Market Conditions Form, Second Edition - PDF Ratterman, Mark R. $50.00 Details Market Analysis, Residential, Single-family, Valuation Approaches This guide presents step-by-step instructions and advice for proper completion of the standard URAR residential appraisal report form. (2009)

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A Must-Have Reference and Instruction Guide

Using Residential Appraisal Report Forms has the answers residential appraisers are looking for! This text provides line-by-line instructions for completing Fannie Mae Forms 1004, 2055, and the Market Conditions Addendum to the Appraisal Report (Fannie Mae Form 1004MC).

The author, a veteran practitioner and instructor, examines current economic conditions and introduces innovative techniques that can be used to measure value change in any market using available data. Dozens of real-world examples are included--all based on actual situations that practitioners in the field are likely to encounter.

Users of this guide will find a wealth of information, essential advice, and practical tips for completing form reports in today’s challenging residential real estate market.

An Introduction to Statistics for Appraisers - PDF An Introduction to Statistics for Appraisers - PDF Wolverton, PhD, Marvin L. $80.00 Details Commercial, Math and Statistics, Residential, Technology and Software This detailed reference provides instruction on probability, data testing, statistical modeling, linear regression, and the use of graphics (2011).

 

Winner of the George L. Schmutz Award

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Let Statistics Work for You!
With increasing pressure on appraisers to support their opinions of value and new educational criteria requiring demonstrated proficiency in basic statistics, it's imperative that appraisers learn more about statistics and modeling. An Introduction to Statistics for Appraisers discusses ways to perform statistical analyses that will impress the most demanding clients.

This text, written specifically for appraisers, includes:

  • A review of essential mathematical skills
  • Advice on illustrating data graphically
  • Instruction on the concept of probability and its application in statistical analysis
  • Sophisticated tools for testing research and assessing the validity and reliability of data samples
  • Information on statistical model building using simple and multiple linear regression
  • Sample townhouse case study data set


 

 

Shopping Center Appraisal and Analysis, Second Edition - PDF Shopping Center Appraisal and Analysis, Second Edition - PDF Amundson, Michael F., Johnson, Jeffrey A., Rabianski, Joseph, Vernor, PhD, James D. $55.00 Details Commercial, Market Analysis, Retail, Valuation Approaches This text explores the valuation of retail properties, including the analysis of trends, investment, development, and market conditions. (2009)

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This text examines the valuation process for the full spectrum of retail properties, from strip malls to superregional shopping centers. Inside this edition, you’ll find:

  • Chapters covering the market analysis process and the three types of retail analysis (local economic area analysis, retail market analysis, and retail marketability analysis)
  • Analysis of investment markets associated with shopping centers
  • Discussion of retailing trends, nontraditional shopping centers, development strategies, and market conditions
  • A thorough overview of a complex property market and specific guidelines for property analysis and appraisal
The Valuation of Billboards - PDF The Valuation of Billboards - PDF Stoops, Dwain R., Wolverton, PhD, Marvin L. $50.00 Details Business Valuation, Commercial, Special Purpose Property This handbook explores the physical characteristics of outdoor signs and the economic, regulatory, and legal issues affecting their appraisal. (2006)

 

Winner of the George L. Schmutz Award

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Outdoor advertising signs are a common part of the American landscape, but their valuation can present uncommon problems for real estate appraisers. The Valuation of Billboards provides essential information appraisers need to describe the physical characteristics of these unique assets and to understand the outdoor advertising industry and its operations. Because billboards are often valued for eminent domain purposes, the regulatory and legal issues that surround the outdoor advertising industry are explored and the myriad state and federal regulations and legal precedents that affect the valuation of billboards are examined. A case study is used to demonstrate the application of the approaches to value and to help readers decipher the challenges and choices that complicate the valuation of billboards. This meticulously researched book will provide a basis for a sophisticated analysis of outdoor advertising signs and participation in the ongoing debate that characterizes this controversial appraisal specialty.

Historic Properties: Preservation and the Valuation Process, Third Edition - PDF Historic Properties: Preservation and the Valuation Process, Third Edition - PDF Reynolds, Judith S. $45.00 Details Commercial, Easements, Residential, Special Purpose Property, Valuation Approaches This text describes what makes a property historic and how government policies affect tax credits, property use, and market value. (2006)

 

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The third edition of Historic Properties: Preservation and the Valuation Process provides real estate appraisers with an understanding of what makes properties historic, how such properties differ from more typical properties, and how the historic preservation movement has modified traditional concepts of ownership. Readers will also learn how legislation, government policies, and the availability of tax credits affect highest and best use and market value. A case study relating to a historic hotel is provided to demonstrate how the traditional valuation approaches are applied to the appraisal of properties of architectural and historic significance.

Appraising Industrial Properties - PDF Appraising Industrial Properties - PDF $55.00 Details Commercial, Industrial, Special Purpose Property This text explores the valuation of properties such as warehouses, truck terminals, food and manufacturing plants. and high-tech parks. (2005)

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Appraising Industrial Properties provides a comprehensive survey of the different factors an appraiser must consider when valuing industrial real estate. Topics of special significance to the valuation of industrial property covered in this text include highest and best use considerations, environmental issues relating to industrial processes, legal issues such as zoning and eminent domain, real estate taxation, and the impact of government assistance such as tax abatement and free enterprise zones on the competitive market. Later chapters venture further to cover a number of industrial property subtypes requiring specialized experience and training. A key feature of this book is its coverage of the specific data and techniques used in the appraisal of niche properties. The specialty properties covered in this text include:

  • Specialty storage subtypes, such as grain elevators and miniwarehouse space
  • Distribution and transportation facilities, such as high-cube distribution centers and truck terminals
  • Specialized manufacturing facilities, such as food processing plants
  • Cutting-edge industrial subtypes, such as high-tech manufacturing facilities and telecommunications infrastucture buildings (telco hotels)

Appraising Industrial Properties will help readers make sense of the new terrain and navigate a successful course through the challenges created by the evolution of industry in the twenty-first century.

Valuation and Market Studies for Affordable Housing - PDF Valuation and Market Studies for Affordable Housing - PDF Polton, Richard E. $50.00 Details Market Analysis, Multifamily, Residential, Valuation Approaches This text will help appraisers understand affordable housing, interpret applicable regulations, and apply value principles to this market. (2005)

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Working in the affordable housing field is often a challenge for appraisers and market analysts. Projects are complicated, developers are impatient, government regulations change, and lenders and other clients see things from their own vantage points. The appraiser who values an affordable housing project has a responsibility to understand, interpret, and apply the principles of the real estate marketplace to assist these professionals in effective decision-making.

Any property developed under an affordable housing program has a set of individual characteristics and a unique development scenario. Nevertheless, certain principles apply to all the conditions an appraiser is likely to find in analyzing these complicated projects. This publication aims to explain the basic principles and techniques of affordable housing that appraisers need to understand to serve clients and uphold high standards of practice.

The Valuation of Wetlands, Second Edition - PDF The Valuation of Wetlands, Second Edition - PDF Keating, David M. $30.00 Details Agriculture, Commercial, Easements, Environmental, Land/Site Valuation This handbook describes the types of wetlands, their locations, the factors affecting their value, and wetlands mitigation banking. (2002)

 

The Valuation of Wetlands, second edition, describes the five types of wetland systems, explores characteristics that define a wetland, and details the benefits wetlands bring to ecosystems. It also shows how the market value of a wetland is affected by development and location, explains the approaches used to estimate a wetland property’s market value, and presents reasons why appraisers may assign different values to the same property. The handbook concludes with a discussion of wetlands mitigation banking, which allows developers to use some wetlands in return for maintaining others.

Since the first edition of The Valuation of Wetlands was published, significant changes in the legal-political landscape have occurred. Scientific data has been released, legislation has been passed, and regulations have been put in place. This second edition of the popular handbook provides information on these developments to help market participants stay abreast of important wetland issues.

Land Valuation: Adjustment Procedures and Assignments - PDF Land Valuation: Adjustment Procedures and Assignments - PDF Boykin, James H. $45.00 Details Commercial, Land/Site Valuation, Residential, Valuation Approaches This text covers the appraisal of vacant acreage and building lots, including residential subdivision, commercial, industrial, and rural land. (2001)

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Land Valuation: Adjustment Procedures and Assignments is a basic guidebook to help appraisers successfully complete new or difficult land valuation assignments. It provides benchmarks for property analysis and illustrates how various land valuation assignments can be performed, using both traditional techniques and appropriate alternative methods. It also offers readers a wide array of valuation-related data sources, formats, procedures, and references.

Land Valuation addresses the appraisal of sites in mature neighborhoods and prospective subdivisions as well as residential waterfront property, industrial and commercial land, farmland and timberland, historic and scenic land, resort lots, wetlands, contaminated sites, and rights of way. It demonstrates how to locate properties in the field, conduct site analysis, and determine highest and best use. A variety of adjustment techniques are explained, including adjusting for size differences, changing market conditions, accessibility, public utilities, and location. Also covered are ways to use property listings, improved property sales, and paired sales analysis to estimate land value and the selection of appropriate units of comparison.

This text can be used as a desk reference by all appraisers involved in the valuation of land, regardless of their level of experience. Illustrations and computations reinforce the discussion of various valuation methods and assignments. Numerous graphics, photographs, and charts are incorporated into the book to facilitate the reader’s understanding of the material presented.

Valuation of Marinas - PDF Valuation of Marinas - PDF Simpson, John A. $30.00 Details Commercial, Special Purpose Property, Specialty Property, Transportation, Valuation Approaches This handbook presents background and use information, definitions, investment history, and other factors that affect marinas and their value. (1998)

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Valuation of Marinas provides background information, definitions, a brief investment history, and a description of all the factors that affect marinas. Readers learn about the site differences, building differences, and business elements that distinguish marinas from other types of properties. The author explains highest and best use, the three traditional approaches to value, and special valuation issues that relate to marinas.

Note: This book is only available as a PDF. It is no longer available in print.

Property Inspection: An Appraiser's Guide - PDF Property Inspection: An Appraiser's Guide - PDF Simpson, John A. $35.00 Details Commercial, Residential, Valuation Approaches This guide discusses basic property inspection techniques, focusing on the appraiser’s responsibilities regarding property description. (1997)

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Although much of an appraiser's work is done at the office, the public and many appraisal clients are concerned with what goes on at the property site. In short, property inspection is the most visible, and sometimes the most neglected, part of the appraiser's job. Despite the importance of property inspection, few appraisers receive formal training in this task. Instead they depend on example and experience to learn the necessary skills. Property Inspection: An Appraiser's Guide addresses this problem by providing an overview of basic property inspection knowledge and techniques. The author focuses on aspects of property inspection for which appraisers are directly responsible and suggests methods for ensuring competent inspection practices.

The text also outlines how appraisal offices can develop customized inspection forms and set up property inspection programs that provide the tools and support appraisers need to do the job right. Property Inspection covers all aspects of site and home inspection and provides insight into the special challenges encountered in the inspection of commercial properties. The appraiser's responsibility to identify property defects, assess potential hazards, and verify data sources is emphasized. Good property inspection skills are vital to the appraisal process and to your continued professional success. Order your copy of Property Inspection: An Appraiser's Guide today.

Note: This book is only available in PDF format. 
 
Mathematics for Real Estate Appraisers - PDF Mathematics for Real Estate Appraisers - PDF Fisher, Jr, Clifford E. $20.00 Details Commercial, Math and Statistics, Residential This practical guide offers appraisers a short review of algebra, geometry, trigonometry, statistics, and the mathematics of finance. (1996)

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Using specific appraisal applications and examples, Mathematics for Real Estate Appraisers reviews algebra and equation solving, geometry and trigonometry, the mathematics of finance, and statistics. You'll find out why 3 + 4 x 5 equals 23 and not 35, how to measure the area of a triangle, and the steps involved in applying the six basic financial function formulas. A brief overview of statistics and statistics terminology is provided to pave the way for further study. The handbook concludes with a short section subtitled "Things You Ought to Know No Matter What Field You're In."

If you could use a refresher course in basic math or just need a handy resource, then this handbook should be in your appraisal library.

Rates and Ratios Used in the Income Capitalization Approach - PDF Rates and Ratios Used in the Income Capitalization Approach - PDF Fisher, Jr, Clifford E. $20.00 Details Commercial, Math and Statistics, Residential, Valuation Approaches This guide examines two dozen capitalization rates and ratios and describes their meanings, symbols, relationships, and proper uses. (1995)

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Rates and Ratios Used in the Income Capitalization Approach is a unique, compact reference source for real estate appraisers, review appraisers, and others who use appraisal reports in their work. The text provides descriptions of more than two dozen rates and ratios commonly applied in the income capitalization approach. All the rates and ratios are presented in the same format, which includes each rate's symbol and uses, its relationship to other rates, a definition, and cautions for avoiding misuse. Appraisers can consult individual entries to determine if a specific rate or ratio is being appropriately applied. Rates and Ratios also provides a series of examples showing how many of the rates can be extracted.

Note: This book is only available in PDF format. 
Appraising Partial Interests - PDF Appraising Partial Interests - PDF Keating, David M. $35.00 Details Commercial, Easements, Residential, Valuation Approaches This short guide describes the basic legal and economic principles of property rights and step-by-step methods to value specific interests. (1998)

 

Winner of the George L. Schmutz Award

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Appraisers are busy professionals seeking answers to complex valuation questions. To complete appraisal assignments involving partial interests, they need a basic understanding of the legal and economic principles of property rights and step-by-step valuation methodologies that work. Appraising Partial Interests is the practical resource that appraisers have been waiting for.

Chapters 1 through 4 explore economic divisions of property, including leased fee, leasehold, sandwich (sublease), and mortgage interests. Chapters 5 through 8 examine legal divisions of property rights such as life estates, conservation easements, transferable development rights, and fractional interests. The final chapter focuses on physical divisions of property, specifically subdivision and air rights.

This book makes an ideal reference text. After each narrative section, real-world valuation problems are presented and specific solutions are demonstrated. Appraisers will find themselves reaching for Appraising Partial Interests again and again to learn about the fine points of real property rights and suggest practical methods for their valuation.

 Note: This book is only available in PDF format.