Introduction
Course introduction
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Terms and definitions, part one
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Terms and definitions, part two
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1. Appraisal Background
Appraisal as a tool
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Estimated market value
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Property-specific risks
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Who should conduct the appraisal
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Real estate appraisal format
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2. Transmittal, Summary, and Terms of Reference
Letter of transmittal
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Intended user and purpose
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Completion date vs. effective date
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Expiration
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Executive summary
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Terms of reference
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3. Property Description
Property description
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Land use, controls, and zoning
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Key description and analysis
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Sale ownership and history
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Highest and best use
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Midway check-in
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4. Property Valuation
Appraisal methodology
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Valuation approach #1: Cost approach
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Valuation approach #2: Income approach
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Valuation approach #2: Direct capitalization
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Valuation approach #2: Discounted cash flow
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Valuation approach #3: Direct comparison approach
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Comparable properties
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Reconciliation and signed certificate
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5. Addenda and Conclusions
Assumptions and limiting conditions
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Supporting documents and conclusion
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Conclusion
Section 1: Introduction
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Section 2: Terms of reference
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Section 3: Property description
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Section 4: Property valuation, conclusion, and appendices
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Summary
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Ex_Files_Real_Estate_Appraisal.zip
(6.2 MB)