Understanding and Using Comparable Transactions
Wednesday, September 27th 1:00 PM – 4:00 PM
& Thursday, September 28th 8:00 AM – 12:00 PM
This forum is designed to enhance the understanding and use of comparable properties. Appraisers use comparable property information every day. The entire appraisal process is dependent on the comparison of data.
The analysis of real estate transactions is a critical component in the valuation of real property. Appraisal methodology and techniques are based on the comparison of data. Market analysis, highest and best use analysis, and the three approaches to value—the sales comparison approach, the cost approach, and the income approach—are developed based on the comparison of data. The proper recognition and identification of what is a comparable, why it has been selected as a comparable, and how the comparable is used is critical to the appraisal process.
Improving an appraiser’s ability to effectively analyze and select relevant comparable properties will result in better supported, more believable and persuasive appraisals and appraisal reviews. Additionally, an enhanced understanding of the process of selecting and analyzing properties that possess characteristics that may be useful for comparative purposes enables an appraiser to more clearly explain and support the analysis in an appraisal report.
Conference registration is also required in order to register for the course and the fee for the course is an additional $125 for members and $220 nonmembers. Participation will be limited to 50 and a minimum of 20 registrations must be received by the early bird deadline of July 21, 2017 or the workshop will be canceled. Attendees will receive seven hours of IAAO continuing education credit.
Instructor: Patrick Alesandrini, CAE, RES, MAI, SRA
Pat Alesandrini is the Assistant Chief Deputy of Valuation for Hillsborough County Property Appraiser. He holds the CAE, RES, MAI and SRA designations and has been active in consulting, teaching and writing appraisal/assessment materials for over 30 years. His duties with the Hillsborough Property Appraiser include the oversight of all valuation functions, for both real and personal property.
Pat is involved with the support of appraisal staff, oversight of the analytics of the data and is expanding the use of Multiple Regression and Spatial Analysis. Included in his duties is the oversight of IT and the compliance division. Mr. Alesandrini has been an IAAO national instructor since 1984 and was recognized in 2011 with the IAAO Instructor of the Year Award.