South Pasadena, CA (PressExposure) January 24, 2007 -- The principal of K3 Investments, Kim Kearney, MAI, ASA, CCIM, was asked by the California Association of Realtors (CAR) to be a panelist speaker during the Commercial EXPO held at the Long Beach Convention Center, located in Southern California.
The purpose of the Commercial EXPO was to provide attendees with a basic understanding of the various aspects involved in a commercial real estate transaction. The Commercial EXPO was broken down into three sessions: Anatomy of a Deal â Part 1: Escrow & Title, Environmental Surveys, and Property Inspections; Anatomy of a Deal â Part 2: Legal Matters, Appraisal Issues, and Exchange Strategies; and Part 3 - Tools for Success: âHow to Become the Listing King in Your Territory.â Ms. Kearney was one of three panelists in the second morning session. Ms. Kearney provided seminar participants with an informative Power Point presentation that took them from beginning to end in the commercial appraisal process.
A brief overview and discussion was given of the various designations and certifications obtained by real estate appraisers. Attendees were encouraged to ask an appraiser questions regarding their experience and expertise, prior to retaining the appraiser for an assignment. Seminar attendees were provided with an array of basic questions that might arise and information they might be asked to provide at the onset of an appraisal. A discussion of the different types of report formats and appropriateness of each was covered in detail. Flowcharts were used to depict the highlights of an appraisal as well as provide insight into the three approaches to value. This was followed by a brief discussion of valuing a property based on a stabilized basis versus a discounted cash flow basis. Ms. Kearney also stressed the importance of ordering the appraisal early. Although this is important whether it is a residential or commercial appraisal, but becomes even more critical with a commercial appraisal, due to the time involved to complete the assignment.
By the end of the presentation, participants were provided with a better comfort level as far as 1) the type of questions that an agent needs to ask prior to retaining an appraiser, 2) insight into the type of property data that an agent will be expected to provide to an appraiser, and 3) the differences and similarities between commercial and residential appraisals.
Ms. Kearney has over twenty years experience in the real estate industry. Her firm, K3 Investments, is a full-spectrum real estate firm that offers consultation, brokerage, and valuation services to their clientele. For more information on the type of services provided, please visit her companyâs website at http://www.K3Investments.com.
Ms. Kearney is also associated with Kearney & Associates: The Expertsâ Alliance, [http://www.ekearneyalliance.com], which specializes in world class consulting and training for their clientele. This fifteen-member alliance offers expertise in real estate, management, information technology, marketing, networking and resourcing programs, strategic planning, technical training, computer technology, and customer service. The Alliance works closely with clients to help identify issues for which solutions are sought. Once the Alliance understands what is needed, they either design the custom programs, provide the needed services, or make referrals to other experts who can help the client achieve the identified goals.