Appraiser Workshops Announces New Valuation Workshop

The Appraiser Workshops are now developing a new course on personal property valuation. The two day program will be an in-depth advanced course devoted to the theory and practical applications of personal property valuation. We have done extensive research in preparing the Value program with content from economic sources, legal opinions, professional journals, IRS publications and published appraisal/valuation resources. We have spent hours in the local law library and in the reading rooms of the Library of Congress gathering legal opinions, documents and explanations of theories on valuation.

The valuation program's content will include information from the fundamental development of valuation. This starts with a basic understanding of classical and neoclassical economic theories, which developed into real estate appraisal methodologies. We then look at how over the years those concepts and principles have developed into existing practices and the standardization and professionalization of personal property appraising. This background is needed and necessary to understand how personal property appraisal principles and valuation techniques have developed.

The program will take an in depth view of:

* What Value is
* Understanding the many definitions of Value
* Approaches to Value & The Appraisal Trinity
* Types of property
* Markets
* Standards of Value
* Intended Uses
* Property Considerations
* Auctions - What Market?
* Finding Comps
* Factoring Values
* Final Value Conclusions & Adjustments

We selected valuation as our next workshop topic since all personal appraisers need to be knowledgeable, resourceful and professionally diligent when it comes to determining value. There is so much to know and experience with the numerous approaches, economic theories, intended uses, markets and liability concerns it only seemed natural that an advanced valuation workshop would be beneficial and of interest to the serious personal property appraiser. There is also much confusion due to complex and overlapping principles, associated subtext and mixed definitions, all developed by various appraisal groups, the legal and insurance industry and the government.

Our valuation workshop will tackle these issue and appraisers will have a new found confidence, understanding and ability when making difficult valuation conclusions.

The Appraiser Workshops believe the new valuation workshop will be a worthwhile and informative addition to our education offerings as we expand the Appraiser Workshops programs. Feel free to contact us if you have any questions, and visit often as we develop and post dates and additional information for the new workshop. Although we have not decided on a location, we expect the first valuation workshop to be in late Spring 2009, and most likely in either Texas or Chicago.