Our Chief Appraiser, Jason Ferris, MAI, SRA, will be teaching a seminar for ProBank Education Services / Forvis to commercial bankers and lenders nationwide on March 14, 2023. The seminar will discuss how banks should view short-term rental (STR) properties, which pose a unique challenge for appraisers. The seminar explores Read more…
Bell Ferris is back at it! We have submitted our “Impact of Short-Term Rentals on Real Estate Appraising” for re-approval in Kentucky in August 2022. We are most likely going to be teaching this class to Certified Residential and Certified General appraisers again in spring 2023 in the Louisville area. Read more…
Recently, I taught my 2nd continuing education class for appraisers in Colorado. The topic was how to appraise AirBNB and VRBO single-family houses, collectively known as Short-Term Rentals (STR’s). We discussed the place that STR’s have in the new sharing economy that we find ourselves in, the need for standardization Read more…
The Church Transformation Trend In Louisville A review of the sharp increase in repurposed church properties over the last few years. Our commercial appraisal firm has appraised plenty of existing churches and proposed churches over the years. However, one trend we are seeing is the increase in requests to appraise former Read more…
Restricted Appraisal Reports Available For More Users For 2020 As appraisers, we must follow national guidelines called USPAP. In Kentucky, we are actually bound by the law as certified appraisers to follow the USPAP guidelines. For the last few years, USPAP has limited us to writing only two types of Read more…
Importance Of Ongoing Market Research In Commercial Real Estate Appraising Bell Ferris is a small firm, but we think big. Ongoing market research in commercial real estate appraising is an important step to the success of our approach much like we might approach the steps to paint a room. My Read more…
As appraisers, we are permitted by USPAP to write two different types of reports: Restricted Appraisal Report or Appraisal Report. The method we are supposed to use when valuing a property is in two stages: Development and Reporting. Development means that we do all the research necessary to determine a Read more…
Recently, we worked on a vacant land appraisal in Louisville, KY. So, how do I value this parcel? I’ve said many times before that land is the hardest to appraise. How do I attack this problem? Is it a nice homesite for one big house, five big houses, or is Read more…
How to know when to pick the correct technique, because they are both loads of fun! For commercial investment appraisal, most participants, such as appraisers, brokers, realtors, lenders, VC, buyers and sellers understand that rental income or selloff income is the primary driver to determine the value of an asset. Read more…
Real Estate Growth In Portland The northwest end of Louisville, Kentucky is seeing redevelopment Everyone in Louisville is familiar with Nulu. It is east of downtown Louisville (also called the CBD or Central Business District) and west of the Highlands and Butchertown. It’s located between Jefferson and Main and Preston and Read more…