Gain an understanding of how to measure model results and ensure consistent and equitable predictions. This webinar will also touch on the application process and follow-up required by the valuer.
Topics include:
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Real property’s value can be defined in economic terms. Real property has two types of economic value: value-in-use and value-in-exchange. Value-in-use is a value to an owner who uses the property in a way that suits him/her. All properties have value-in-use to their owners. When exposed to the market, these properties may command quite different market prices (value-in-exchange) which presumably is based on their possible highest and best use as allowed by the governing zoning bylaws and market conditions. These concepts will be fully explained during this Webinar.
Please see our flyer for more details HERE
Provides the attendee with an understanding of how multiple regression analysis is used in mass appraisal, highlighting the model specification and calibration process. Topics include:
· Defining a model
· Overview of multiple regression analysis
· Data transformations
· Various types of model calibration/key regression statistics
· Overview of additive, multiplicative and non-linear model
Please see our flyer for more details HERE
Please see details about IPTI Training Series HERE
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The Direct Capitalization Methodology is widely used in valuation of Income Producing Properties. However, the derivation of Capitalization rates can be one of the more difficult inputs to determine especially in the situations where there are few representative sales available for analysis. This Webinar will discuss the various methodologies for determining capitalization rates and discuss the strengths and weaknesses of various methodologies. In addition, a detailed explanation of excess land analysis will be discussed. The panelists will comment on situations where additional value needs to be considered for the excess land not required to support the commercial activity present on the property.
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Provides key questions to understand data through exploratory data analysis in the mass appraisal process: Topics include:
· Measures of central tendency
· Measures of dispersion
· Graphical analysis
· Identifying data errors and anomalies
· Outlier identification
This Webinar will demonstrate how to accurately interpret an income/expense statement as well as explain the process for developing fair market rents that can be applied across a grouping of properties. Establishing accurate market rents is an important component of producing accurate values of income producing properties. Therefore, the process of deriving Fair Market Rents will be discussed. The question of what relevant expenses are associated with real property which are appropriate for inclusion in the determination of the Net Operating Income will be considered.
MAV 103: Data Readiness (Session 2)
· Provides a thorough understanding of the data requirements essential to support a successful mass appraisal. Topics include:
· The importance of accurate data
· Identifying various types of data
· Sample vs population
· Data requirements for the three approaches to value
· Various data sources
· Alternative data collection tools
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IMA IPTI Webinar: Post COVID Market Realities - Impact on Assessment Valuation Methodologies
This second installment of the two webinar offering on post-Covid market realities builds on the first webinar that dealt with the effects of the COVID lockdowns on real estate transactions in the commercial and multi-residential sector as well as impacts on the manufacturing industry. Our panelists will focus on the valuation implications of the current and expected market conditions from both a private sector lens as well as an assessing authority perspective. Commercial tenants and owners are looking for solutions that are sustainable in the short term and adjustable and viable in the longer term. Assessors need to be aware of and incorporate the current market conditions into their ongoing analysis and make data-driven sector specific observations and valuation decisions as well as consider changing public expectations regarding physical inspections of properties and other practical aspects and processes.
Please see our flyer for more details HERE
· The need to understand relevant market factors influencing value for various properties types
· The importance of property stratification of data
· Appropriate data edit checks and process control checks to be performed to maximize quality of data to be analyzed
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Provides the attendee with a general introduction to mass appraisal valuation. Topics covered include:
- Mass appraisal vs single appraisal
- Computer assisted mass appraisal (CAMA)
- Mass appraisal and the three approaches to value
- Steps in the mass appraisal process
- Measuring mass appraisal performance
- Technology and skills required
Registration
Note: HST will be added
In this first of two panel discussions dealing with the effects of the COVID lockdowns. Our panelists will consider the market realities affecting real estate transactions in the commercial and the multi-residential sector. Research indicates that the pandemic lockdowns have had varying impacts on different property types and discussions continue regarding the possible long-term effects. The panelists will share their legal, manufacturing industry and valuation perspectives.
