Appraisers Bernard Ghartey Juliana Botsio

Who is an Appraiser? Property valuation Puts value on property when it is to be Assessed Taxed Condemned Insured Mortgaged

Methodologies for Appraisals Income Approach – Used to value income generating properties. Market Approach – Benchmark property against similar property recently sold Cost Approach – Total cost of materials in putting it up structure

Appraisers as a Professional Body American Society of Appraisers (ASA) Appraisals Qualifications Board

Training Coursework include: Economics Finance Mathematics Computer Science English Business/Real Estate Law

Challenges with the Job Pre-construction Construction Post-construction Nearly impossible to put a value on some structures. Eg. Windsor Castle Ethical standards confronting people who work with figures

Conclusion Many parts, one whole! Appraisal as an arm in the RED process

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