getting help
299) Complex Assignment
04/14/08
Dear Henry,
A man with a private airstrip is interested in making it a public airport. He envisions installing approximately 100 hangars and developing 30 residential sites on the airport. Do you have any suggestions where to get information for appraising this type of property? Thank you for you kind attention.
Keith Erlewine paerlewine@sbcglobal.net
Dear Keith,
This sounds like a very complex assignment. I think you need expert help. One way to find someone is to contact the Lum Library (LUM Appraisal Library, Appraisal Institute, 550 Van Buren Street, Suite 1000, Chicago, Il 60607, Ph: 312-335-4100.) See if anyone has written an article on airport development. Then contact the author and see if they will help you or have a suggestion as to where you can get help.
H2
A man with a private airstrip is interested in making it a public airport. He envisions installing approximately 100 hangars and developing 30 residential sites on the airport. Do you have any suggestions where to get information for appraising this type of property? Thank you for you kind attention.
Keith Erlewine paerlewine@sbcglobal.net
Dear Keith,
This sounds like a very complex assignment. I think you need expert help. One way to find someone is to contact the Lum Library (LUM Appraisal Library, Appraisal Institute, 550 Van Buren Street, Suite 1000, Chicago, Il 60607, Ph: 312-335-4100.) See if anyone has written an article on airport development. Then contact the author and see if they will help you or have a suggestion as to where you can get help.
H2
143) Getting Help
11/02/07
Dear Henry,
I have received an assignment to do a retrospective appraisal on a property that''s under guardianship.
I have never done a retrospective appraisal, and given the specific circumstances, the competency issue comes to light. Even though I realize that getting together with an appraiser specializing in estates will be my best bet, I still would like to know your opinion.
Sincerely,
George Stavri stavriassocappraisal@earthlink.net
Dear George,
There are two different rules that apply. Fannie Mae and Freddie Mac say that you must certify that you are competent to do the assignment.
USPAP requires that you be competent or get the help you need from someone who is competent.
I see nothing wrong with getting someone to help you. Keep in mind that ultimately, the final decision as to what goes into the appraisal is yours.
H2
I have received an assignment to do a retrospective appraisal on a property that''s under guardianship.
I have never done a retrospective appraisal, and given the specific circumstances, the competency issue comes to light. Even though I realize that getting together with an appraiser specializing in estates will be my best bet, I still would like to know your opinion.
Sincerely,
George Stavri stavriassocappraisal@earthlink.net
Dear George,
There are two different rules that apply. Fannie Mae and Freddie Mac say that you must certify that you are competent to do the assignment.
USPAP requires that you be competent or get the help you need from someone who is competent.
I see nothing wrong with getting someone to help you. Keep in mind that ultimately, the final decision as to what goes into the appraisal is yours.
H2