Valuing subdivisions offer appraisers unique challenges. This new seminar provides a complete look at subdivision valuation methodology as it relates to valuing improved subdivisions. Appraisers who provide opinions of value for proposed subdivisions or a group of existing lots of units will find this seminar a valuable source of reference and ideas. Students will come away with techniques appraisers need to value a group of lots or units that must be marketed over a period of time. Comprehensive examples are provided to explain how line item profit and discount rate selection are handled in conjunction with discounted cash flow analysis. Ample time is given to typical problems encountered by appraisers in specific valuation scenarios.

At this seminar, participants should learn how to:

• Recognize elements of a subdivision and when to apply subdivision analysis to reflect a bulk sale value.
  
• Differentiate between a “bulk “ sale for a group of lots and applying subdivision analysis to reflect vacant land value.
  
• Understand how to apply subdivision valuation methodology to solve for a wide variety of valuation scenarios at different points along the time line.
  
• Recognize the strengths and weaknesses of the three approaches to value as they relate to subdivision analysis.
  
• Analyze risk and when it occurs in the three general development phases.