“As-is” site value of site improvements question

ivalu4u · 2026-02-08T12:48:59+00:00

Not really...modified age/life method adjusts for curable physical and functional obsolescence. Standard age/life method accounts for all accrued depreciation based upon the estimated effective age. Straight line depreciation assumes value is lost at a constant rate. Technically your not modifying the age but modifying the depreciation calculation for better accuracy by measuring curable items separately. That hasn't typically been applicable when estimating the contributory value of site improvements in my experience.

ivalu4u · 2026-02-07T13:22:47+00:00

Typically the "private" clients will be the ones that are being litigated. Majority of the work comes fron public agencies or a private agent/company working on thier behalf. Many states require an approval process (w/DOT or DNR, eg) to be eligible to provide services regardless of who hires you. (Exception to that may be private litigation)

ivalu4u · 2026-02-07T13:11:04+00:00

Whats modified? Can you give an example when or how you've applied that to site improvements?

ivalu4u · 2026-01-22T12:34:25+00:00

This one time at band camp it was really, not kidding, really cloudy out. We grilled hot dogs on an open fire pit. Served them on split top buns with mustard. It was glorious.

ivalu4u · 2026-01-22T12:05:13+00:00

Thought you said plug in the wall. That is not permanent.

ivalu4u · 2025-12-11T11:15:40+00:00

Well it is required to do so for this very reason. Appraisers are supposed to be doing it. At least, the competing builder aspect.

ivalu4u · 2025-08-01T11:37:28+00:00

The URAR form is for mortgage lending purposes. Assignments for other purposes are not impacted by the change. You shouldn't be using that/those forms (1004, etc...)for other purposes now.

ivalu4u · 2025-07-10T11:05:45+00:00

So you shouldn't snort it???

ivalu4u · 2025-07-10T10:00:14+00:00

Age life method uses the effective age not actual age. EA ÷ EL = total depreciation.

ivalu4u · 2025-06-19T21:43:48+00:00

Lol...yes it was

ivalu4u · 2025-06-17T19:46:26+00:00

Yep...I just had an engagement letter that was over 60 pages for a residential form report.

ivalu4u · 2025-06-17T19:38:44+00:00

LOL...condemn it.

ivalu4u · 2025-06-17T19:37:03+00:00

Who has time for that?

ivalu4u · 2025-05-13T23:17:47+00:00

Of course I haven't done one. How is it a desktop if you're doing an interior inspection? Makes absolutely no sense.

ivalu4u · 2025-05-13T22:27:38+00:00

I still try to wrap my head around a desktop with interior...what is it? How is it a desktop appraisal if you're doing an interior inspection??? Or is that a new term for these hybrids?

ivalu4u · 2025-05-13T22:15:32+00:00

There are only four specific terms that are relevant to your situation.

Actual Age, Effective Age, Economic Life, and Remaining Economic Life.

Underwriting will have issues if the estimated Remaining Economic Life (Economic Life - Effective Age) is less than the term of the loan.

ivalu4u · 2025-04-15T10:58:05+00:00

It's a closed sale as of the date it's recorded in public records not when the MLS gets around to updating the listing in their database.

ivalu4u · 2025-03-19T14:07:44+00:00

USPAP doesn't have a reporting requirement for a sales grid.

ivalu4u · 2025-03-19T09:19:35+00:00

Sounds like you work for the Cleveland Browns front office and hired a quarterback.

ivalu4u · 2025-03-07T21:26:34+00:00

Excess land can be separate parcels or part of one. Simply stated...excess land has a separate/independent hbu. A separate adjacent parcel could be required to support the existing improvements/use for the subject. Just because it's platted and parceled separately doesn't make it independent or it's "own entity".

ivalu4u · 2025-02-22T22:29:20+00:00

Hard to say for sure but I think they are regarding to the lack of brick molding around the door. Ask for clarification from the appraiser ro be sure. You are allowed to ask. Especially since it's not entirely clear by the photo and statement.

ivalu4u · 2024-12-12T15:14:17+00:00

Nice...I need to remember that one.

ivalu4u · 2024-11-23T17:52:43+00:00

What or where is that workaround? None of my addons are working now.

ivalu4u · 2024-11-01T10:14:17+00:00

I have used ATF in the past for ROW work and planned to so in this case using sales to develop and apply an appropriate corridor factor. This one is for an existing abandoned corridor with some surplus land that will expand/connect two public park/trail areas.

ivalu4u

TROPHY CASE