liquidation value = from short marketing period eg REO / auction going concernt value = value of RE, Business equipment, intangible asset property's value to a specific user = value in use = utility value insurable value = based on replacmenet cost/ repro cost market value occurs under = conditions where both b and s motivated PofAnticipation = value is created by anticipated future benefit from property neighborhood = growth stabiltiy decline revitalizaiton stability = gradual rise in value + existing amenities fully utilized investment value = value of particular prop to a particular investor = unique needs and inted use only hey a town is bigger than only a pierce of section so 1 town 1 ship is larger than 1 snake-section scope of work = consistent with expectation of user + peers actions when performing similar assignment competency rule = prior to accepting assignment jurisdictional exceptional rule = when conflict btn USPAP and applicable law / public policy cannot disclose confid info/ assignment results that were prepared for client to anyone other than specifically authorized by client 1 appraisal deve 3 appraisal review - deve and reporting of opinion about quality of another appraiser's work 2 deals with mass appraisal deve and reporting / sufficient info only to identify RE property/ including physical & economical characters relevant to assignment 7 personal property deve 9 business appraisal deve hypothetical = Sub prop condition vs contrary to existing, but is assumed for analysis's purpose/ appraiser recommend foundation inspection later so value is valid still r1-5 state appraiser must analyse all current sales + options + listing for previous 3 years ethics rule's confidentiality disclosed only to == duly authorized peer review committee + enforement agencies + authorized by client AQB of appraisal foundation - set standard that state adherence to when establish qualifcation crieteria Q == Q exposure time = prior to effective date == opinion of appraiser not client preamble = must comply when obligated by law, regulation, agreement with client, describe overal structure of USPAP perform reveiw == no value opinion uspap primary goal = promote public trust / not lawsuit/ not lose license valuation service = include appraisal practice = can be done by non-appraiser!? feasiblitiy analysis = study cost benefit relationshihp of economic endeavor retain 5yrs mini after preparation = 2 yr mini after final disposision of court which appraiser testify appraiser retrospective appraisal in 1995 = if data support [not necessar to be competent as of the effective date of value] regression analysis = estimate most probable sales property == ====== jennyzhou piedmont western client care better image than asian by haircutting every 3 weeks, image is top 1 zheng need driveway, garage so 1515 8th ave is narrow, $220K is not high enough upstair, NO yard at back, for bonnie client who dislike church next aside, he give back to probate after purchased at $170,000 2. alameda worth $300K, Oakland not worth $300 - San Leandro has bart but not convenient for zheng dad, with Wa Mei not fresh as chinatown San Leandro has big bro of zheng wife and yee chui reside in san leandro 3. maCarthar and 68th ave if i drive 580 then near hill is good but E14 E22 E35 are too Obama, on 580 on hill is better than other side cos zheng do landscaping grass cutting 4. 100 ave no 5. never say :"u can lend $400K" it is "worth or not" 6.lily fault in bring house downstair which is illegal, although rentable, still zheng son worry for lawsuit and big loss what is annual property tax $460000, basic rate 1% of assessed value, addition rate of voter approved levy 0.19% and subject property is assessed at $345,000 before application of $19,000 exemption jim tsao insist not to waste time, straigh organised by disclose if cancel, advance notice required; not meant by offensive about searching condo und er $75,000; not intend to wast your gas; brother drive frozen food; jim do import export, jim reside in foster city; sister reside in alameda jimtsao168@gmail.com 510-965-8708 near concord bart, 1/F with elevator, 05/31/2010 monday bart station