You would be forgiven for viewing this as the age of the income approach. While increased scrutiny through scholarship and judicial decision has raised the income approach to new prominence, a turbulent economy and tempestuous public markets have caused some appraisers to shy away from the market approach. But keep in mind: No valuation is complete without thorough analysis, and market evidence appears throughout the valuation process.
In The Market Approach Today: Deciphering Messages From Markets, Courts, and Common Appraisal Errors, expert appraisers Robert Schlegel, Alina Niculita, and Chris Treharne join BVR to discuss how the market approach is a more integral part of the valuation process than ever and what can be learned from years of apparent abuse. From knowing how to make sense of the ups and downs of the economy to how market evidence impacts the income approach, Schlegel, Niculita, and Treharne will show how to best put the market approach to use, using guidance from court decisions, common appraisal errors, and their own collective experience.