Over the past few weeks, we've released a couple examples from our book "Real Estate Appraisal Practice: A Collection of Examples" (www.appraisalpracticebook.com) which showcases examples of real world quantitative solutions to unique and common appraisal problems. In the first two postings, we showed both a cost- and a rent-based method for supporting an office finish adjustment for industrial properties in a sales comparison approach.
How Many Ways Can You Support Adjustments in Your Appraisals? – Part 2
Having spent the past few years being the Chief Appraiser for a bank that, by the time I left, had acquired seven failed banks from the FDIC during the credit crisis, I started becoming a collector. Of course you can imagine the types of appraisals that had been engaged by the failed banks, but more importantly, I was able to work with some of the best appraisers in our market areas doing new appraisals trying to figure out the crazy real estate deals that these banks had done.