Capital Update

March 22 , 2010

Upcoming Education

April 16, 2010 - Appraising High Value & Historic Homes, Rockville, MD
Click here for details.

May 24, 2010 - Supporting Capitalization Rates , Rockville, MD
Click here for details.

June 9 - Construction Costing Workshop

Fall TBD - Real Estate Market Update

September 23-24, 2010 – Appraisal Curriculum Overview (Residential & General), Rockville, MD
Click here for details.

October 14-15, 2010 - Uniform Appraisal Standards for Federal Land Acquisition, Rockville, MD
Click here for details.

December 9, 2010 - 7 Hour USPAP, Rockville, MD
Click here for details.

December 10, 2010 - Business Practices & Ethics, Rockville, MD
Click here for details.

* Co-Sponsored with the Maryland Chapter.

Welcome New Members

Michelle Leonard
Summer Marie Schickler

Job Openings

Appraiser for Hospitality Appraisals, Inc.

FAR Review Appraiser for Signet Partners

Click here for details.

In This Issue

Appraising High Value & Historic Homes - April 16
The Latest from Freddie Mac re HVCC
Education Opportunities Coming Soon
New Members
Job Openings

Appraising High Value & Historic Homes

Friday, April 16, 2010
The Universities of Shady Grove
9630 Gudelsky Drive * Rockville, MD 20850

Like many other situations encountered in residential appraising, the valuation of high-value and historic homes can be difficult. The properties involved can be odd, unusual, and even unique. Appraisers might wonder where to begin and question their competence or expertise, and refer the work to another appraiser.

Does historic value exist? Appraising high-value residences presents unusual challenges. During this seminar, you will learn techniques to define and analyze market area, determine highest and best use, and apply the sales comparison approach when valuing an estate or mansion. In addition to these challenges, appraisers are sometimes asked to consider a property’s “historic value” as part of an appraisal assignment.

This seminar will expand your understanding of these unusual residential property types. As experts, appraisers are already familiar with the basic concepts of real estate appraisal and methods of valuation. This seminar is designed to apply those basics to more unusual situations encountered in appraisal practices.

Registration Fees:
Members: $175 until April 9; $185 thereafter
Non-Members: $195 until April 9; $205 thereafter

Seating is Limited - Click here to register today and Save!

Freddie Mac re HVCC

Click here to view the latest guidance from Freddie Mac re HVCC.

Supporting Capitalization Rates Coming in May

You use capitalization rates in nearly every commercial appraisal, yet do you still wrestle with developing a cap rate and then encounter criticism? If you need to improve your ability to select and defend cap rates, this seminar is for you.

Departing from an emphasis on theory and mathematics, Supporting Capitalization Rates focuses on practical ways to incorporate judgment and market experience into the rate selection process. You’ll learn to apply what you have learned about capitalization rates to real-world situations. In fact, the theme of this seminar is that a well-supported capitalization rate takes into account market activity, is tested for reasonableness, and demonstrates the appraiser’s consideration of the relevant factors that affect the property.

Working with case studies, you will develop well-supported, market-extracted capitalization rates reflecting specific economic and property characteristics. You’ll learn to identify the strengths, weaknesses, and data requirements of various methods to help you select the most appropriate method for any given appraisal problem.

Click here for details and registration.

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