Solving Land Valuation Puzzles

Rick Borges, MAI, SRA, AI-GRS, AI-RRS

Learn how to solve a variety of land valuation and feasibility problems using less commonly used land valuation techniques in this one-day seminar. Interactive case studies and discussion topics cover highest and best use considerations, land residual analysis, contamination, impacts of tax increment financing on feasibility, condemnation, subdivision analysis, unit of comparison selection, and alternatives when inadequate land sales exist. Problem identification, assignment conditions, scope of work decisions, and standards of practice are reviewed in each problem and solutions are discussed. Lively class discussion and interaction will result as problems are explored.

Upon completion of the seminar, participants should be able to,
-Summarize the six recognized land valuation techniques –

-Employ land residual analysis as part of a highest and best use decision
-Calculate and use internal rates of return as a method of testing feasibility
-Recognize terms and concepts used for valuation of contaminated land
-Test alternative units of comparison
-Perform allocation and market extraction when land sales are lacking
-Understand the basics of subdivision valuation
-Understand the basics of condemnation valuation
-Properly apply special/extraordinary assumptions, hypothetical conditions, and the Jurisdictional Exception Rule of USPAP in unusual situations.

Required
HP-12C calculator

AI CE Credit for Designated Members and Practicing Affiliates
Attend Only = 35 points

Who Should Enroll
• General and residential certification-level appraisers
• Consultants, real estate agents, land owners, land use planners, developers, investors

Prerequisites
None
Level
Basic/Intermediate

Location
Residence Inn
1025 E 35th Ave
Anchorage, AK 99508

Schedule
Registration: 8:00 AM – 8:30 AM
Class: 8:30 AM – 4:30 PM

Register
If you need to pay by check or are a government employee and will need an invoice or other considerations, contact the chapter office at (206) 622-8425.

Tuition
$200.00 Appraisal Institute Member
$250.00 Non-member
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