Topics of Interest to the Appraisers Research Foundation

I. Residential issues.

  • Research the need for adjustments to sale comparables that do not have a broker's commission involved; such as For Sale By Owner (FSBO) transactions. 
  • Determining adjustments for unusual residential amenities that are not supported by comparables.

    • A year around creek in an area of overdraft where most owners with well have to replace dry holes.
    • Large majestic trees in an area where scrub trees are the norm.
    • Floor plans where it is necessary to travel through one bedroom to get to another bedroom.
    • Oversize walk-in clothes closets.
    • Straw-bale houses or other types of unconventional construction.
    • Helio ports.

  • Examine how transportation (commuting) costs impact the desirability and affordability of housing.
  • Establish procedures to photograph a residential property; including single-family houses, condominiums, townhouses, mobile and manufactured housing, and rural properties.

II. Any significant valuation issues.

  • Valuing properties with unique creature presence (such as elk, mule, and antelope, etc.); establishing value considerations and differences for the various creatures present, including view and access. Also provide a listing of information sources to obtain valuation information.
  • An inventory and analysis of sources of international (non USA) capitalizations rates (including observations of credibility, reliability, and composition).
  • Valuation challenges in the appraisal of assisted living facilities, such as Community Based Residential Facilities (CBRF) and senior residences.
  • Unique appraisal issues impacting nursing homes.
  • Alternative uses of contaminated properties.
  • Supported allocation of value components of properties that include real estate, personalty and business value.
  • Peculiarities of schools and private school valuations, their sales, conversions and the applicable approaches to value.
  • Water rights and their impact on property values.
  • Impact of conservation easements on contiguous and surrounding property.

III. Non-market activity.

  • Trends in building designs and demands.
  • Changes in property uses.
  • Issues regarding fine arts.
  • Contemporary issues in business personal property.
  • The impact of energy in the value of real estate.
  • Appraisal fraud.
  • Issues of eminent domain that affect value, such as inverse condemnation.
  • Misuse of appraisal reports.
  • Identifying resources for valuation of fee or easement corridors.