Commercial Real Estate Appraisals: Key Appraisal Components Beyond the Approaches to Value - S20

Course Length
90 mins

Instructor
Richard Hamm

Price
$275.00

Upcoming Sessions

Description

Presenter: Richard Hamm

This 90-minute program will be presented live on: August 25, 8:30 - 10:00 a.m. Central Time
Recording available through: November 25, 2020
Price: $275

 

Have you ever been faced with two appraisals done within just a few months, but reach very different values for the same property? Bankers usually focus first on the approaches to value, especially the comparables and also the cap rate or vacancy rate used within the income approach. A group of appraisal sections outside of the approaches to value often hold the clues to why two different value were achieved. This program looks at these other sections and how to effectively analyze them as part of the appraisal review process.

 

Specific subjects that will be covered during the seminar:

  • Why the ownership interest (fee simple, leased fee, etc.) matters and can change the income approach conclusion
  • Key components of highest and best use, and the conclusion does not always match your borrower’s plan or the existing use of the property
  • Don’t skip over the assumptions and limiting conditions as so much “boiler plate”
  • Identify the difference between hypothetical conditions that you need versus those to avoid
  • Why area and economic data should be somewhat similar among different property types in your market, and why some data should be uniquely tailored to the subject’s property type
  • Other common appraisal deficiencies

 

Target Audience: CRE lenders, commercial lenders, mortgage bankers, private bankers, small business lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers

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