Category: Appraisals / Valuations, Real Estate Insights and Updates from a Commercial Appraiser Real Property Broker Expert TASA ID: 1417 Of course the answer to the question "will building energy disclosure laws affect real property value" is yes. There is no doubt in my mind that inefficient buildings, like gas guzzling cars, will be shunned by real property buyers and building tenants when they have the opportunity to see the results on energy disclosure reports. In the recent past, few buyers have paid a great deal of attention to annual energy costs since energy costs have been relatively low. Read more
Category: Appraisals / Valuations, Real Estate How Accurate is Your Commercial Real Estate Appraisal? TASA ID: 1447 . . . The courts have consistently held that the Income Approach is to be relied upon in estimating the market value of income producing properties, especially in tax certiorari cases, and lenders and investors place much emphasis on this approach concerning properties with substantial tenant bases. Read more
Category: Appraisals / Valuations, Aviation What You Need to Know Before Hiring an Aircraft Appraiser TASA ID: 4642 One of the factors which impacted both the S&L collapse of the ’80s and the real estate crisis early in the 21st century was artificially inflated evaluation reports from supposedly professional real estate appraisers. Aircraft financing has been impacted just as seriously, even though this situation isn’t something most lenders will discuss openly. However, it raises a question regarding the legitimacy of any individual aircraft appraiser or “professional” appraisal organization. After all, there are no legal requirements placed on the aircraft appraisal industry; therefore, anyone can call themselves an aircraft appraiser – regardless of their knowledge, skills and abilities. Read more
Category: Appraisals / Valuations The Impact of Damage TASA ID: 4642 Most legal cases I am involved with fall into two general categories. The first involves the fairly straightforward appraisal report for divorce cases wherein an aircraft needs to be appraised as part of the settlement or the appraisal is needed for the attorney's client who is purchasing an aircraft and the market value is required for financing. The market value may also be needed as an integral part of the initial Purchase Agreement or in negotiating the price itself. While these appraisal situations are fairly routine projects for me, I am always surprised to hear the attorney hiring me state that I was the only one who physically examined the aircraft and its records when developing my opinion of value. Read more
