General Appraiser Market Analysis and Highest & Best Use

About this course

The essential relationships between market analysis, highest and best use, the three approaches to value, and the final value opinion are covered in this course. You'll recognize that market analysis is integral to highest and best use, and that highest and best use is integral to market value. You'll also learn how to produce credible results in appraisal to develop opinions of market value.

What you’ll learn

Identify the relationship between appraisal and market analysis.
Identify the purposes for and steps in analyzing the highest and best use of a site as though vacant and of a property as improved.
Differentiate between inferred and fundamental methods of market analysis.
Identify differences between market analysis Levels A, B, C, and D and identify the guidelines for determining the level of market analysis for an assignment.
Recognize and apply the six basic steps in conducting a site-specific marketability analysis for a valuation assignment.

Course curriculum

Introduction
Module 1. Real Estate Markets and Analysis
Module 2. Types and Levels of Market Analysis
Module 3. The Six-Step Process and Use of Market Analysis
Module 4. Basic Trend Analysis Techniques
Module 5. Level B Marketability Analysis for Suburban Residential Subdivision Property: Steps 1 and 2
Module 6. Level B Marketability Analysis for Suburban Residential Subdivision Property: Steps 3 - 6
Module 7. Multiunit Property Concepts and Definitions
Module 8. Level B Marketability Analysis for Multiunit Property: Steps 1 - 3
Module 9. Level B Marketability Analysis for Multiunit Property: Steps 4 - 6
Module 10. Office Property Concepts and Definitions
Module 11. Level B Marketability Analysis for Office Property: Steps 1 - 3
Module 12. Level B Marketability Analysis for Office Property: Steps 4 - 6
Module 13. Fundamental Concepts and Four Tests of Highest and Best Use
Module 14. Considerations in Highest and Best Use Analysis
Module 15. The Three Conclusions of Highest and Best Use Analysis
Module 16. Highest and Best Use Applications
Module 17. Applications of Market Analysis to the Three Approaches
Module 18. Introduction to Level C Marketability Analyses
Module 19. Introduction to Level C Marketability Analysis for Office Property and Data Sources
Conclusion