Although a “perfect” adjustment may not exist, the search for perfect adjustments in appraisal reports is becoming a hot topic with many interesting articles, continuing education courses, and webinars addressing the subject. The message is clear. If an appraiser can’t support the adjustments, the results of the appraisal are subject to question, leading to several possible outcomes; none of them good. So, …

When the cost approach is needed, either by client requirement or applicability, it’s necessary to derive an estimate of the land value.  Of course, the best way to determine an estimate of land value is through the use of the sales comparison approach.  If there have been recent, similar lot sales in the subject’s market area, the process is relatively …