Sections12.2 and 12.3A of the Right of Way Appraisal Top Down Map

10. Conducts Appraisal and Completes Waiver Valuation (RW-260)

Sections12.2 and 12.3a of the Right Of Way Appraisal Top Down Map

Process Explanation

Process Owner: Carol Myers

November 20, 2007

Process required under:
·  49 CFR Part 24.102 & 103
·  Uniform Standards of Professional Appraisal Practice (USPAP)
·  Real Estate Appraisal Certification Act (REACA)
·  PA Eminent Domain Code (Chapter 7)
Step / Comments / Requirements
9 / Including improvements (trees, fencing, etc.)
11 / This could include residential, suburban, commercial, zoning, utilities, etc.
12 / This could include several market conditions, property values, vacancies, occupancy levels, etc.
13 / This could include reviewing multi-list, courthouse records, realtor records, other claim files, etc.
14 / This could include:
1. Physically possible
2. Legally permissible
3. Financially feasible
4. Maximally productive
18 / This could be accomplished by contacting contractors, analyzing the market, via cost manuals, etc.

NOTE: For Steps 8 through 16 the Appraiser describes the property as a whole for the work file.

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