Current Issues in Real Estate Appraisals

CD & Manual
  389079TMX $249.00 USD Add to Cart
Credit Details
 90 Min. Audio MP3 - No shipping cost
   389079POD $249.00 USD Add to Cart
Credit Details
What is a Podcast?

Benefits

The worst of the financial crisis and recession appears to be over, but where are we in terms of current market conditions for various property types and how does this relate to the valuation process? What is an evaluation versus an appraisal and what impact might they have on the lending community and appraisal industry? What are key issues in appraisals and ways of looking at risk?

This live audio conference will provide a current market overview with a focus on market trends and the recovery phases of different asset types. One of the hottest topics in appraisal today by lenders and appraisers relates to evaluations versus appraisals. We will define an evaluation, when it should be ordered and how it compares to an appraisal. We will also discuss what this means to licensed appraisers. Complex issues relating to valuation will also be discussed including the valuation of a property under multiple scenarios, reflecting risk in the valuation process, understanding complex comparable sales, adjustments to comparable sales, using sales volume as a measure of market strength and an overview of the issues relating to the valuation of 'green buildings'.


Agenda

Overview of the Real Estate Market
  • Global Overview
  • National Overview
  • Property Type Overview – Recovery Phase
    • Office, Retail, Multifamily Residential and Industrial
Evaluations
  • What Is an Evaluation?
    • Scope of Work
    • Minimum Standards
  • When Should an Evaluation Be Used?
  • Who Can Perform an Evaluation?
  • How Does a Broker Opinion of Value Compare to an Evaluation?
Issues Relating to Appraisals With Multiple Valuation Assumptions
  • How Should the Report Be Presented?
  • What Are the Pitfalls?
    • As Is, As Complete and As Stabilized (Stabilization of Occupancy Versus Income)
Reflecting Risk in the Valuation Process
  • Interpreting Capitalization and Discount Rates
  • Sources for Capitalization and Discount Rate Data
Understanding Complex Comparable Sales
  • Sales Under Threat of Foreclosure
  • Sales of Partially Completed Projects
Adjustments to Comparable Sales
  • Market Conditions
  • Location
  • Economic Conditions
  • Physical Characteristics
  • Fee Versus Leasehold
Sales Volume as a Measure of Market Strength
  • Marketing and Exposure Times
Overview of the Valuation of 'Green Buildings'

Faculty

John G. Ellis, MAI, CRE, FRICS, Integra Realty Resources
Beth B. Finestone, MAI, FRICS, Integra Realty Resources

John G. Ellis, MAI, CRE, FRICS
  • Managing director of the Los Angeles office of Integra Realty Resources, the nation’s largest appraisal firm with 62 offices across the United States and more than 800 certified commercial appraisers
  • More than 30 years of appraisal experience and has analyzed real estate trends and values during times of economic growth and through the recessions of 1981, 1991, 2001, and 2007 to 2009
  • In completing appraisal review work, he focuses on both the reasonableness of the data and analysis, as well as the content of the report relative to the requirements of USPAP and the appraisal requirements of the major banks and other sophisticated clients
  • Nationally approved instructor of appraisal courses by the Appraisal Institute and is a regular speaker on appraisal topics, and contributing writer to appraisal journals and texts
  • Former president of the Southern California Chapter of the Appraisal Institute and has qualified as an expert witness many times in real estate litigation matters

Beth B. Finestone, MAI, FRICS
  • Associate managing director for and a principal of Integra Realty Resources – Los Angeles
  • Has been appraising in Southern California since 1981, focusing in valuation and consulting services for major, investment-grade commercial properties, e.g., office, industrial, retail, multifamily, land and special purpose properties, for more than 20 years
  • Acted as the primary reviewer of appraisal reports submitted to the Los Angeles Unified School District for properties potentially involved in one of the Country’s largest property acquisition efforts of the last 20 years
  • Recently identified as a “Woman of Influence” by the Los Angeles Business Journal
  • An approved instructor for MCLE continuing education programs related to real estate valuation and damages




These Materials are Designed For

This live audio conference is designed for presidents, vice presidents, branch managers, business owners and managers, loan officers, loan department personnel, mortgage brokers, underwriters, real estate professionals, appraisers and attorneys.

CD & Manual - CD Set with bound 52 page manual
Podcast - 90 Minute MP3 with 52 page electronic manual - Immediate Access and No Shipping Cost