DATA COLLECTION AND ANALYSIS

GENERAL DATA: SOCIAL CONSIDERATIONS

POPULATION CHARACTERISTICS SUCH AS AGE, FAMILY SIZE, HOUSEHOLD INCOME, ETC.

PRESENCE OF EDUCATIONAL / MEDICAL / SOCIAL / RECREATIONAL / COMMUNITY SERVICES.

PRESENCE OF COMMERCIAL / AGRICULTURAL SERVICES.

ECONOMIC CONSIDERATIONS ANALYSIS OF THE LOCAL ECONOMY,

POPULATION, EMPLOYMENT, AND INCOME.

FOR AGRICULTURAL PROPERTIES THIS WOULD RELATE TO THE ECONOMIC SITUATION IN THE AGRICULTURAL ECONOMY.

GOVERNMENTAL CONSIDERATIONS

ZONING AND OTHER REGULATIONS, MASTER PLANS, ENVIRONMENTAL IMPACTS, TRANSPORTATION SYSTEMS, TAXES ASSESSMENTS AND RATES, ETC.

ENVIRONMENTAL CONSIDERATIONS PHYSICAL FEATURES OF THE STUDY

AREA. TOPOGRAPHY SOILS CLIMATE

TAXES -

TAX RATES FOR LOCAL AND STATE TAXING ENTITIES.

FINANCING -

COST AND AVAILABILITY OF FINANCING.

SPECIFIC DATA SPECIFIC DATA INCLUDES DETAILS

ABOUT THE SUBJECT PROPERTY AND COMPARABLE SALES.

SPECIFIC DATA FOR THE COMPARABLE SALES:

SALES PRICE

RENTAL

INCOME AND EXPENSES

CONSTRUCTION COSTS OF IMPROVEMENTS

DERIVED CAPITALIZATION RATES

DEPRECIATION

THIS DATA IS USED TO DERIVE ADJUSTMENTS FOR VALUE INFLUENCING PROPERTY CHARACTERISTICS, TO ISOLATE MEANINGFUL UNITS OF COMPARISON, TO ANALYZE CAPITALIZATION RATES, AND MEASURE ACCRUED DEPRECATION.

A DETAILED DESCRIPTION OF THE CHARACTERISTICS AND COMPONENTS OF THE SUBJECT PROPERTY IS ASSEMBLED FOR THE LAND AND IMPROVEMENTS.

IN SELECTING MARKET DATA FOR ANALYSIS, AN APPRAISER WILL FOCUS ON MARKET TRANSACTIONS THAT ARE PERTINENT TO THE SUBJECT PROPERTY.

MARKET TRANSACTIONS THAT ARE SIMILAR TO THE SUBJECT PROPERTY ARE PREFERRED, YET ABSOLUTE COMPARABILITY IS IMPOSSIBLE.

DETERMINANTS OF USEFUL DATA

1) DEGREE OF COMPARABILITY

2) QUANTITY OF INFORMATION AVAILABLE

3) RELIABILITY OF THE DATA. DO NOT ASSUME THAT ALL DATA IS COMPLETELY RELIABLE. CONFORMATION OF DATA SHOULD BE OBTAINED WHENEVER POSSIBLE.

SOURCES OF SPECIFIC DATAREGARDING COMPARABLE SALES

PUBLIC RECORDS

SEARCH PUBLIC RECORDS FOR THE RECORDING OF WARRANTY DEEDS AND DEEDS OF TRUST.

THE WARRANTY DEED WILL REVEAL THE PARTIES INVOLVED IN THE TRANSACTION, THE PROPERTY RIGHTS BEING TRANSFERRED, THE LEGAL DESCRIPTION OF THE PROPERTY, TRANSACTION DATE, AND SOME CONSIDERATION OF VALUE.

THE DEED OF TRUST WILL PROVIDE INFORMATION ON THE AMOUNT OF FINANCING AND THE SOURCE OF FINANCING.

THE INFORMATION REGARDING A COMPARABLE SALE SHOULD BE VERIFIED WITH THE PARTIES INVOLVED OR THE REALTOR INVOLVED, IF POSSIBLE.

OTHER SPECIFIC DATA

IMPROVEMENT COST DATA:

ACTUAL BUILDING COST ESTIMATES.

COST MANUALS, EXAMPLE:

MARSHALL VALUATION SERVICE

INCOME AND EXPENSE DATA:

YIELD AND PRODUCTIVITY INFORMATION

EXTENSION CROP AND LIVESTOCK BUDGETS

FARM SERVICE AGENCY (FSA) INFORMATION REGARDING BASES, YIELDS, AND GOVERNMENT PAYMENTS FOR THE SUBJECT AND COMPARABLES.

TYPICAL RENTAL AGREEMENTS AND LEASES FOR THE AREA.

CAPITALIZATION RATES:

TYPICALLY DERIVED FROM THE MARKET DATA AND INCOME AND EXPENSE INFORMATION.

AREA DESCRIPTIONS

GENERAL INFORMATION:

TYPES OF FARMING IN THE AREA, IRRIGATED AND DRYLAND, CROP AND LIVESTOCK ENTERPRISES.

GENERAL DESCRIPTION OF SOILS IN THE AREA.

CLIMATIC INFORMATION SUCH AS RAINFALL, AVERAGE FREEZE DATES, LENGTH OF GROWING SEASON, MEAN AND EXTREME TEMPERATURES, ETC.

MARKET OUTLETS AND FACILITIES.

COMMUNITY INFORMATION:

TRANSPORTATION

SCHOOLS AND CHURCHES

SHOPPING AND SERVICE FACILITIES

SPECIFIC INFORMATION ON SUBJECT AND COMPARABLES

LEGAL DESCRIPTION ASSESSED VALUATION AND TAXES ZONING REGULATIONS SOILS CLASSIFICATION MAPS FSA INFORMATION

ENVIRONMENTAL LIABILITIES

THE MOST FAR REACHING FEDERAL ENVIRONMENTAL LAW IS THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT OF 1980 (CERCLA).