CHICAGO – June 30, 2015 – (RealEstateRama) — Auto dealerships are unique property types whose characteristics can make valuation fun but challenging, according to a new book from the nation’s largest professional association of real estate appraisers.
“A Guide to Appraising Automobile Dealerships,” published last week by the Appraisal Institute, provides the necessary background on the complexities of valuing these properties, covering topics such as economic trends, locational issues that affect dealerships and re-imaging projects.
“This book will prove useful to commercial real estate appraisers who wish to meet the challenges presented by valuing this unique property type and expand their areas of expertise as well as those who design, develop, finance and invest in auto dealership properties,” Appraisal Institute President M. Lance Coyle, MAI, SRA, wrote in the book’s foreword. “To develop a credible valuation of an auto dealership, the appraiser must understand the particular features of this property type and maintain a familiarity with current trends in the real estate and automotive industries.”
“A Guide to Appraising Automobile Dealerships” by Bradley R. Carter, MAI, provides up-to-date information on:
· market, site, location and improvement analyses;
· highest and best use;
· land valuation;
· application of the cost, sales comparison and income capitalization approaches to value; and
· report writing as they apply to auto dealership valuation assignments.
“A Guide to Appraising Automobile Dealerships” (ISBN: 978-1-935328-64-3) is a 180-page softcover book. It is available for $50 ($40 for Appraisal Institute professionals). Call 888-756-4624 or order online.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 21,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.