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Advanced Land Valuation: Sound Solutions to Perplexing Problems

CALL   Date: October 30, 2017   Location: Flint, MI
 
  Seminar  
Category  General/Residential [G/R]  
Level  Intermediate/Advanced  
Attendance Hours  7.0  
Current Price  $ 175.00 AI Price  
$ 200.00 Full Price  
 
  Instructor  
Richard L. Borges II, MAI, SRA, AI-GRS, AI-RRS  
    
 
  Location  
Name  Holiday Inn Gateway Centre  
Rep  Krista Mayhew  
Address  5353 Gateway Centre Drive  
City  Flint  
State  MI  
Zip  48507  
Phone  (810) 232-5300  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Great Lakes
Website  www.glcai.com  
Contact Name  Joan E. Kaczor  
Email  jkaczor29@gmail.com  
Phone  (810) 364-5640  
Fax  (888) 587-5381  
 
  Description  

New Seminar!

By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. Besides lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. Suggested solution strategies for these assignments will be provided.

Upon completion of the seminar, participants should be able to

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

  • If you plan on bringing a laptop, you will need to install Excel Analysis ToolPak. This add-in must be installed prior to class.


Recommended Textbooks

Market Analysis for Real Estate, 2nd edition
The Appraisal of Real Estate, 14th edition
The Dictionary of Real Estate Appraisal, 6th edition

 
  Equipment  
Laptops highly recommended

Recommended
• Microsoft Excel 2010 or a later version loaded and operational. If you do not have Excel, you may download a free trial version here. Please note that this links to the latest version of Excel. There may be minor differences between versions.
• If you plan on bringing a laptop, you will need to install Excel Analysis ToolPak This add-in must be installed prior to class.

Note to Mac users: The course will be taught in Windows using Excel 2013. You will need Excel 2011 or a later version. Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2011; however, they do suggest free third-party add-ins with similar functionality.
For more information, click here.
 
  Disclaimer  
Cancellation Policy
  • Up To 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
       


Program materials can be downloaded by the student.
 
  Additional Information  
CLASS SCHEDULE: Check in: 8:15am-8:30am Class Begins: 8:30am.
Coffee & Tea in the morning & lunch is included.

 

 
















 
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