Valuation of Varying Property Types
Focus of the Final Paper
The Final Paper should demonstrate a basic understanding of how to develop a plan to appraise each of the four different real estate property types. This essay should demonstrate understanding of the course concepts as well as the implications of new knowledge of real estate principles. The focus of the Final Paper requires that you synthesize your learning and reflection in the context of the course outcomes.
Write a paper that organizes and develops a plan to appraise each of the four property types:
-Single-Family
-Condominium
-Commercial Retail
-Land
The paper must:
Explain the appraisal process for each property type.
Compare and contrast each approach to value.
Compare and contrast the data used in each approach.
Discuss how Uniform Standards of Professional Appraisal Practice (USPAP) standards apply in the valuation of each property type.
Research:
Although not required, students may include actual data from specific properties. Students may elect to research and include active listing and closed sales data to support their analysis. Students may also select actual active listings to evaluate, developing their estimate of value that may or may not differ from the asking price.
