Land form

[kevco]

I was looking at the land appraisal form today. I have never done a land appraisal. Anyone know why you cant make adjustments like you do on the normal URAR? Thanks.

 

[ctapraser]

What form are you looking at? I can/have make/made adjustments on mine.

 

[kevco]

Maybe mine is outdated. Which one are you using? Thanks.

 

[Lee Lansford]

I was looking at the land appraisal form today. I have never done a land appraisal. Anyone know why you cant make adjustments like you do on the normal URAR? Thanks.

Interesting question--what do you mean by it?

 

[kevco]

Someone asked me about doing a vacant land appraisal today and I have never done one. I was looking in my ACI forms to see what the form looked like but there are many to choose from. The one I chose didnt allow me to make adjustments like the URAR. I turned down the assignment due to my lack of experience and competance in that area of appraising. I was just wondering which form is being used so I can increase my knowledge and maybe someday be able to do land appraisal if asked to do so. Your input would be greatly appreciated. Thank you.

 

[Joe Flacco]

Don't you do a land appraisal whenever you do a cost approach in the 1004? How do you come up with the opinion of site value? Just because you never filled out a form doesn't make you not competent.

If the appraisal is not for lending purposes, I like to use the AI-120 form. It is basically the AI-100 form with only the site valuation page.

 

[Joe Flacco]

I think if it was a pretty typical piece of land such as a buildable lot in a residential subdivision I would have took this opportunity to learn my way around the land form.

 

[CANative]

The standard land form in almost all appraisal suites looks like this. See the adjustment column?

 

[Terrel L. Shields]

Some forms do not adjust the Sales Price but only the unit price or visa versa. Haven't used the form in 20 years and hated it so I use a narrative.

 

[kevco]

Thanks guys. I appreciate all the help.