Appraising condominiums, cooperatives, and PUDs requires a unique skill set different from appraising single-family houses. Attend this new seminar and obtain high-quality education specific to those skills. Take on your next condo, co-op or PUD assignment with confidence, diversify and see your valuation business grow!
In this comprehensive seminar, learn how to identify property through Legal Description and Parcel Identification Number (PIN); identify which four documents are needed from homeowner to make your appraisal assignment smoother; and find out what questions you must ask a building manager before concluding that your research is complete. Leave with a comprehensive list of questions to ask management companies that will help make your report as accurate as possible. Finally, discover what 12 factors you should use when choosing comparable sales for your subject property.
Upon completion of the seminar, participants should be able to:
• Understand Real Property Ownership and Interests, and recognize how and why they apply to appraising associations
• Analyze the valuation impact of Special Taxing Districts, Special Service Areas, and Business Improvement Districts upon association properties
• Identify, develop and apply appropriate scopes of work to three types of association living
• Develop specialized data collection strategies for condominiums, cooperatives, and PUDs in support of your appraisals
• Contrast condo-hotels from condominiums and learn exactly why appraisers must analyze them differently
• Evaluate several real-world appraisal case studies, including developing an opinion of market value specific to condominiums, cooperatives, and PUDs…you’ll be applying these tools to your everyday practice in no time!
Target Audience: This seminar’s in-depth treatment makes it ideal for residential appraisers, commercial appraisers, reviewers, underwriters, and Realtors.