News

Breweries, airport not special, judge says-The Telegram (St. John’s)

It turns out four provincial properties issued special-purpose properties notices oassessment for 2013 aren’t so special after all.

A Newfoundland Supreme Court judge has ruled the regulations guiding the properties under the Assessment Act are beyond the powers of the government, which could mean the loss of hundreds of thousands of dollars in taxes to municipalities.

 

This post links to an article published by The Telegram on March 25, 2015 (St John’s, Newfoundland)

 

 

 

Lack of Data Complicates Valuation of Green Homes (Appraisal Institute)

CHICAGO (March 31, 2015) – Valuation professionals, real estate agents and homebuyers face challenges in the process of valuing, selling and purchasing green and energy-efficient homes due to a lack of comparable properties and a lack of data…

 

This post links to the Appraisal Institute.

The Challenges of Valuing Green- Appraisal Journal (PDF)

Appraisers do not determine value. Rather the market determines the prices paid for properties and appraisers develop values based on those reported market prices. This article rfrom the Appraisal Journal discusses the challenges appraisers face in valuing high performance houses when there is a lack of market data and when the available data is imprecise.

Open and read the article (PDF):

 

Qualitative Analyses in the Sales Comparison Approach Revisited- Appraisal Journal (PDF)

Most practicing appraisers agree that when analyzing a group of five or six comparable sales with four or five value-influencing differences, it is often quite difficult to extract the appropriate adjustments through paired sales analysis.

The appraiser’s objective should be to simulate the actions and thought processes of the buyers who acquired the comparable sales.

These buyers do not typically have a list of comparable sales on which they make plus and minus adjustments for the observed differences in formulating a purchase decision. They do, however, go through the process of qualitative analyses.

An article published in The Appraisal Journal (Fall 2014) attempts to demonstrate how easily qualitative analysis can lead to objective and market-supported quantitative adjustments.

 

Open and read the article (PDF):

Hot daily news right into your inbox.