The Ultimate Spreadsheet for MAI Candidates
This spreadsheet is the result of hundreds of hours of work in an attempt to automate the appraisal process - to become more efficient at my work in analyzing property. It continues to be a work in progress and I make modifications to it often. I'm sharing this with you in the hopes that it will make your life a little easier as well. There are a … [Read more...]
Commercial Land Sales in Hardin County
This heat map was generated using public records available at the Hardin County PVA of 166 vacant commercial land sales. Red areas depict higher land values, blue areas depict lower land values. … [Read more...]
Commercial Land Value Trends in Elizabethtown, KY
To view the per-square-foot price of recent commercial land sales in Elizabethtown, KY, hover your cursor over a colored area of the chart. Lower prices appear in blue, medium prices in yellow, and higher prices in red. … [Read more...]
Home Values in Elizabethtown, Kentucky
The following map of home values in Elizabethtown, Kentucky, was generated using nearly 2,300 home sales occurring since 2010. Areas with higher per-square-foot values are depicted in red while lower values are depicted in blue. … [Read more...]
Adjustments to Comparable Sales Using Simple Linear Regression
In a previous post I promised to provide a more in-depth explanation of using simple linear regression to adjust comparable sales. Today I will fulfill that promise. To do so, I will use an example of a size adjustment from a recent commercial appraisal I performed on an office building in Louisville, Kentucky. Appraisers have known for years … [Read more...]
The Value of People
I spend a great deal of time exploring the concept of value. What, I wonder, contributes to the value of an industrial building? How important is proximity to interstates? What about retail space? How important is the population density? What about local competition? Today's post is a bit different. How valuable are people? What is your value? I … [Read more...]
Appraising Farms in Kentucky
By mistake, I used a half-caff pod in our new Keurig coffee pot yesterday afternoon. Hence this early morning post about appraising farms in Kentucky. When appraising a farm, the most important characteristic to consider is the potential yield. Calculating the potential yield for a variety of crops is a fairly simple process. Simply go the the Web … [Read more...]
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