Market Study Reporting
Market study reports are highly customized to the client‘s needs. These reports generally entail the compilation of various statistical data sets which are interpreted and distilled into a manageable picture of the market in question, including varying degrees of forecasting. Market studies often target obscure or poorly documented market characteristics such as the inventory of developed and partially developed lots in a market. They sometimes include anecdotal information such as hearsay impacting the market. Call or write to request a sample report.
The key difference between market study (described above) and feasibility study is that the latter, in addition to compiling and interpreting relevant market data, answers a specific question: “Is the proposed project feasible?” It also asks “is the proposed project optimal?” and, if not, “what is the highest and best use of the site?” Appraisal reporting also addresses these questions. With regard to feasibility and best use, the difference between appraisal reporting and feasibility study reporting is the scope of work and level of reporting offered.
During the trough of the market downturn in 2011 Odom Real Estate Appraisal, Inc., participated in over $35,000,000 in appeals, with a net reduction of 46% in FMV rendered to our largest portfolio client. We currently offer full service ad valorem appeal services for portfolios and properties valued in excess of $4,000,000.