land value - Appraisers Blogs https://appraisersblogs.com/tag/land-value/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 04:00:15 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 land value - Appraisers Blogs https://appraisersblogs.com/tag/land-value/ 32 32 52046035 Is Race Baked into Big Data? https://appraisersblogs.com/race-baked-into-unregulated-big-data https://appraisersblogs.com/race-baked-into-unregulated-big-data#comments Mon, 01 Jul 2019 12:30:11 +0000 https://appraisersblogs.com/?p=22268 Chicago appraiser and friend (even though she calls me “fancy pants”) writes a stellar explanation of what an appraiser actual does – and what one of the panel experts got completely wrong because he didn’t understand our role in the mortgage process: Greetings Congresswoman Waters, Chairman Clay, Ranking Member Duffy, Ranking Member Gooden, and the Members of the Housing Subcommittee: My name is Maureen Sweeney, and I am a real estate appraiser. I grew up in a real estate family and lived through the savings and loan crisis of the 1980’s, which had a profound impact on my life. I...

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]]> https://appraisersblogs.com/race-baked-into-unregulated-big-data/feed/ 18 22268 The Site Value… A Walk in the Park or USPAP Nightmare? https://appraisersblogs.com/site-value-approaches-USPAP-compliant https://appraisersblogs.com/site-value-approaches-USPAP-compliant#comments Thu, 19 Jan 2017 13:30:32 +0000 https://appraisersblogs.com/?p=13067 Recognized methods to determine the site value… We have all been there, the subject is located in an established neighborhood, no vacant land sales in many years and the lender has requested the site value. USPAP Standard 1-1 states “be aware of, understand and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal.” The other key standard to keep in mind is Standard 2-2a (viii) – “Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analysis, opinions and conclusions: exclusion of the sales comparison approach, cost approach...

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  • Extraction Has No Traction "Land values were based upon the extraction method.” Look familiar? If I had a nickel for every phoned-in Cost Approach…

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]]> https://appraisersblogs.com/site-value-approaches-USPAP-compliant/feed/ 12 13067 Appraiser’s Response to LRES Order Blast https://appraisersblogs.com/appraiser-response-lres-order-blast https://appraisersblogs.com/appraiser-response-lres-order-blast#comments Mon, 25 Jul 2016 12:30:17 +0000 https://appraisersblogs.com/?p=12213 LRES Standard Interior Appraisal Request? Your special requirements and micromanagement of the appraisal process dictate that I charge a fee commensurate with the additional, but typically unnecessary work needed to produce credible results. You are the potential client (agent), so that that is your prerogative and it would be my pleasure to accommodate you as long as appropriate compensation is provided. Respectfully, there is little about your appraisal request that is “standard”. Please explain briefly what you consider to be a ‘standard interior appraisal’. That definition does not appear in The Appraisal Institute’s Dictionary of Real Estate Appraisal. To be...

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]]> https://appraisersblogs.com/appraiser-response-lres-order-blast/feed/ 80 12213 Extraction Has No Traction https://appraisersblogs.com/appraisal/extraction-has-no-traction/ https://appraisersblogs.com/appraisal/extraction-has-no-traction/#comments Mon, 09 Jan 2012 12:00:36 +0000 https://appraisersblogs.com/?p=1991 “Land values were based upon the extraction method.” Look familiar? If I had a nickel for every phoned-in Cost Approach that had this sentence or one like it, I’d be Warren Buffet. The Dictionary of Real Estate Appraisal defines it as: A method of estimating land value in which the depreciated cost of the improvements on the improved property is estimated and deducted from the total sale price to arrive at an estimated sale price for the land; most effective when the improvements contribute little to the total sale price of the property. The underscored portion says it all. Usually...

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