Category Archives: Appraisals

The Trouble with Rates in the Subdivision Development Method to Land Valuation

Brian J. Curry has written an excellent article on Subdivision Valuation for The Appraisal Journal. Valuation of subdivision land is not a one-size fits-all endeavor. This article demonstrates the relationship between profit and yield and their application in land valuation. A subdivision development static method is suggested, and the impact of leverage, trending, and project […]

City of Chicago Acts on Vacant & Abandoned Property

We just heard that the City of Chicago has passed an ordinance that redefines the “owner” of vacant properties to include banks and other financial companies. Although mortgage holders and their mortgage servicers have always had a fiduciary duty to protect the value of properties either delinquent or under foreclosure proceedings, it would appear that […]