ASA NorCal: Diminution of Value and Severance Damages - Petaluma, CA

ASA NorCal Chapter presents:
Diminution of Value and Severance Damages - Petaluma, CA

Private property disputes and partial acquisition of property rights by public agencies often include diminution of value consideration. In addition, the appraisal of property may require consideration of on-site and off-site factors that causes loss of value. Understanding how to analyze property that is subject to diminution of value problems is an essential competency in many appraisal assignments. Such assignments may include adjusting for negative influences as well as disputes in general. Public project assignments, where severance damage issues are present, represent unique problems to the appraiser. This seminar will present practices, techniques, procedures and issues involved in developing opinions on diminution of value and severance damage assignments. Since private disputes often include easement problems, this program includes dealing with easements. One area of special interest is how to address the differences associated with loss of value between land and improvements. This seminar includes techniques in how to address interim uses when the economic life of improvements is not consistent with the highest and best use of the land. Analyzing the differences between loss of value to the site and improvements is a major consideration in diminution/severance damage analysis. Learning outcomes include: Improve skills in identifying and analyzing negative influences – critical thinking Better understand the relationship between land and improvements Improve understanding of easement disputes Improve data collection and measuring the market Improve accuracy of the information Reduced errors/mistakes Improve analysis of the site/land Improve skills in making comparisons between the subject and market data Learning how to ask the right questions The seminar will be presented by David R. Lewis, ASA, MRICS, SR/WA. Mr. Lewis has public agency and private appraisal experience in properties with diminution claims. Prior to retirement from public agency work, Mr. Lewis was the Right of Way Manager for the County of Sonoma. This seminar counts for 7 hours of credit.

Date: June 23, 2011

Time: 8:00 am to 4:30 pm

Location:
City of Petaluma Park and Recreation facilities
320 North McDowell Blvd
Petaluma, CA 94954

Cost:
$150 before May 31
$175 beginning June 1

Lunch will be on your own at one of the numerous nearby establishments.



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Questions? ASA.NorCal@gmail.com or 415-762-6330 to speak with Matt Dianich, Event Coordinator (Pacific Time)


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