Land/Site Valuation Flashcards
T/F a mailing address is equivalent to a legal description
False
Most commonly used Land appraiser Report Form is
Is a generic form
Most comm. used method for valuing sites is the ___________ method
Sales comparison
T/F GPS Sytems can be used to locate vacant land
True
When using sales comparison in valuing a site, adjustments should be made for differences that are ________
Significant
Method of est. land value in which depreciated cost of improvement on improved property is calculated and deducted from total sale price to arrive at estimated sale price
Extraction or Abstraction Method
Most commonly used and preferred method comparison method
Sales Comparison
Types of adjustments in Sales comparison method
Quantitative or qualitaative
Another name for Extraction method of site valuation is
Abstraction
Which site valuation based on ratio of land value to total property value?
Allocation
Relative comparison analysis and ranking analysis are
Qualitative
Cost approach=
Site Value+Present depreciated value of building and improvements
6 quantitative ways to develop an opinion of land/site value
- Sales comp.
2.extraction
3.allocation
4.subdivision development
5.land residual - Ground rent capitalization
Trends among groups of property
Group Data Analysis
Find and compare to individual sales in a market that are similar except 1 difference
Paired Sales Analysis
