"Successful investors understand and employ the valuation methods that professional appraisers utilize" said Michael Hobbs, SRA, LEED GA
Oak Brook, Illinois (PRWEB) December 02, 2012
Real Market Masters by Brad Sides, in conjunction with Tigrent Learning, is hosting national investing and appraisal expert Michael Hobbs, SRA, LEED GA, to discuss the importance of understanding appraisal fundamentals to maximize investing success at the Doubletree Oak Brook on Sunday, December 2, 2012.
Brad has been an active real estate investor and real estate mentor for over 10 years. He's taught tens of thousands of investors, and has personally mentored 114 people all across the United States. Through his years of investing experience, Brad learned a series of key factors to insure the likelihood of success, such as how to focus on the 3% of real estate deals that can make a real estate investor money.
In conjunction with Tigrent Learning, Brad is presenting Real Market Masters which utilizes a proprietary system to help real estate investors identify deals, avoid common mistakes, and develop their own 'buy signals' to be successful.
Michael Hobbs, SRA, LEED GA, of PahRoo Appraisal & Consultancy, is a columnist, author and national speaker addressing the topics of real estate investing, real estate appraisal and sustainable and energy efficiency's impact on property values.
Hobbs will discuss the appraisal process and how professional appraisers develop an opinion of value for real estate. Using the framework of USPAP (Uniform Standards of Professional Appraisal Practice) with consideration for Fannie Mae guidelines, Hobbs will explain proper use of valuation tools and how to differentiate a comparable sale from general sale data. Additional topics to be covered will include how to use the basics of appraisal practice to make good real estate investment decisions, how to determine ARV (after repair value), assessing the concentration of distressed real estate in an area, and the importance of selecting experienced and credentialed valuation professionals who understand the contribution to value which generally results from rehabbing and remodeling.
Local market activity will be provided by Erica Cuneen, Beyond Properties Realty Group, who focuses on Chicago, Oak Park, Forest Park and River Forest. Erica regularly works with buyers and investors to achieve their buying and investing objectives. Erica is a top producing Realtor, recently named among the 2012 Chicago Five Star Real Estate Agents in Chicago Magazine. This select group of professionals, accounting for less than 2% of the total number of Chicagoland real estate agents, was chosen for the outstanding quality of their service and their high levels of customer satisfaction.
Michael Hobbs, SRA, LEED GA, is the President of PahRoo Appraisal & Consultancy, a multi-disciplinary real estate appraisal and consulting firm founded in 2000. He is a state-certified real estate appraiser in Illinois, performing court testimony as an expert witness in various local, state and federal courts. He holds the SRA designation from the Appraisal Institute and has achieved LEED GA, an accreditation of the United States Green Building Council (USGBC). He is a regularly published author and national speaker on the topic of real estate, valuation, investing and entrepreneurship. He is also a board member of The Entrepreneur Organization (EO) Chicago Chapter, a global network of more than 8,000 business owners in 40 countries.