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38 Cards in this Set

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DATA COLLECTION =
THE THIRD STEP IN THE APPRAISAL PROCESS
GENERAL DATA
PERTAINING TO REAL ESTATE IN GENERAL - NATL, REGIONAL OR LOCAL
SPECIFIC DATA
PERTAINS TO THE SPECIFIC PROPERTY
TREND DATA
BROAD MARKET
SUPPLY & DEMAND DATA
MORE LOCALIZED
PRIMARY DATA
GENERATED BY THE APPRAISER
SECONDARY DATA
PUBLISHED SOURCES
MARKET TREND DATA AND GENERAL DATA - BOTH REFER TO
THE SAME THING,HOW SOCIAL AND ECONOMIC FORCES EFFECT VALUE.
COMPETITIVE SUPPLY AND DEMAND DATA
MORE TIED TO LOCAL MARKETS
SUPPLY DATA
# OF EXISTING AND PROPOSED PROPERTIES
DEMAND DATA
ITEM SUCH AS WAGE AND EMPLOYMENT LEVELS, WHICH DRIVE DEMAND IN A LOCAL MARKET
SUBJECT PROPERTY DATA
PERTAINS TO THE SUBJECT PROPERTY
COMPARABLE DATA
MUST HAVE
-SIMILAR PHYSICAL CHARACTORISTICS
-BE COMPETITIVE WITH THE SUBJECT PROP
-BE LOCATED IN THE SAME MARKET AREA
-HAVE SOLD IN A LIMITED TIME OF THE VALUATION DATE

USE COMPARABLE PROP DATA IN ALL THREE APPROACHES
REGIONAL & COMMUNITY DATA
REFLECT THE LOCAL PEGS (PHYSICAL, ECONOMIC, GOVTL & SOCIAL)ON VALUE
REGIONAL & COMMUNITY VALUE INDICATION
ALL DATA IS COLLECTED FOR ONE PURPOSE TO HELP FORM A VALUE ESTIMATE
NATURAL ENVIRONMENTAL FACTORS (PHYSICAL FEATURES)
CLIMATE, TOPOGRAPHY, POTENTIAL HAZARDS (IE EARTHQUAKES, FLOODS,
ECONOMIC CHARACTORISTICS
SEE NEXT CARDS
ECONOMIC BASE
THE ECONOMIC ACTIVITIES THAT SUPPORT THE PEOPLE LIVING IN THE AREA.
INFRASTRUCTURE
REFERS TO PUBLIC IMPROVEMENTS THAT SUPPORT BASIC NEEDS (TRANSPORTATION, UTILITIES, HIGHWAYS, POWER AND WATER SUPPLY).
SOCIAL ATTITUDES
DATA SUCH AS AGE, INCOME LEVEL OR HOUSEHOLD WAY.
NEIGHBORHOOD DATA
GEOGRAPHICAL AREA IN WHICH LAND USES ARE COMPLIMENTARY AND ALL PROPERTIES ARE INFLUENCED IN A SIMILAR WAY
DISTRICT
WHEN A NEIGHBORHOOD ONLY HAS ONE LAND USE.
NH BOUND ARE OFTEN BUT NOT ALWAYS
SAME TYPE OF PHYSICAL FEATURE
PREDOMINANT OCCUPANCY
PRED OWNER OCCUPANCY MAKES FOR A MORE STABLE MARKET
VACANCY FACTORS SHOULD BE UNDER
5%
RACE AND RACIAL COMPOSITION
ARE NOT TO BE USED BY AN APPRAISER
NH DATA INCLUSED
GROWTH RATES, ZONING REGS, PROP TAX, INTERVIEWS WITH BROKERS, HOMEOWNERS
SITE DATA
SPECIFIC DATA REGARDING THE SUBJECT PROPERTY SITE
SITE
LAND THAT HAS BEEN PREPARED FOR USE
REASONS WHY SITE IS VALUED SEPERATELY
1) HIGHEST & BEST USE
2) PROVIDE DATA FOR CERTAIN VALUE TECHNIQUES (COST APP)
3) SOMETIMES REQUIRED OF THE ASSIGNMENTS (TAX ASSESS)
WIDTH
THE DIMENSION OF THE SITE MEASURED PARELLEL TO THE STREET
DEPTH
THE OPPOSITE DIMENSION, PERPENDICULAR TO THE STREET
FRONTAGE
THE LENGTH OF THE PROP BOUNDARY WHERE IT ADJOINS THE STREET
GEN BUILDING DATA
GEN DESCRIPTION, SIZE, STORIES
SUB-STRUCTURE DATA
INFO ABOUT PARTS OF THE BUILDING THAT ARE BELOW
SPECIAL FEATURE DATA
INCLUDES ANY ITEMS THAT MAY EFFECT VALUE
(CAR STORAGE, PORCHES, PATIOS)
SPECIFIC MARKET DATA
CATEGORY OF DATA COLLECTED BY APPRAISER. IT IS DATA THAT RELATED TO THE COMPARABLE.
ONE OF THE KEY PIECES OF DATA FOR THE SALES COMP APPROACH IS THE SALES PRICE OF THE COMP.
DATE OF SALE - VALUES CHANGE OVER TIME.
COST DATA
2ND TYPE OF SPECIFIC MARKET DATA, IS USED IN THE COST APPROACH USED TO DETERMINE REPROPDUCTION OR REPLACEMENT.