ME151-WEB - "Mistakes? You Must be Mistaken!" - Valuing Tractors and Trailers

Registration

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Webinar Course Description

The attendee will understand the need to properly understand the subject property. Attendees will understand the need to make appropriate value adjustments, in a specific order. Examples of appropriate value adjustments (making the comparable look like the subject property, through dollar adjustments). Additionally, the diagnosis of the asset's VIN will be explored to ensure the Model Year matches the year given/described, as well as other major attributes. Finally, we will cover adjustments needed for prospective appraisals, Without addressing, these and other areas, the appraiser could be making material mistakes in arriving at individual values, or in total and in the narrative portion of the report. 

Course Audience

Appraisers, Lenders, Lessors, Review Appraisers, Credit Analysts

Instructor Information

Michael Winterfeld , ASA | Taylor & Martin, Inc.

Michael Winterfeld is the Director of Appraisal Services for Taylor & Martin. He has invested the past 20 years of his life in this role.   Mike is frequently asked to present on various trucking subjects; including the valuation, trends and specifications of trucks, tractors and trailers. Mike is an Accredited Senior Appraiser and currently serves as the President of the Iowa-Nebraska Chapter and is a member of the MTS Committee.

Mike has devoted his entire career to valuing assets, along with his work at Taylor & Martin; during the Ag-Crisis in the early-mid 1980’s Mike worked for First National Bank of Omaha as an Agricultural Inspector/Appraiser and Work-out specialist  In the 1990’s he worked for Farm Credit Services-Midlands as a Sr. Ag Chattel Appraiser. Mike received his Bachelor’s degree from Iowa State Univ. in Ag Business and his MBA from Univ. of South Dakota. Both were earned last century.

Agenda

The following topics are covered in this course:

• Adequate Subject Description (Know your Subject)
• VIN Discovery (Confirm your Subject)
• Comparable Adjustments (Adjust to the Subject)
• Time Adjustments (Adjust to the Effective Date)
• Level of Trade Adjustments (Adjust from one Level to Another
• Narrative inclusion (Not only tell the reader what value arrived at, but how as well.)
• Q&A

Learning Outcomes

Upon completion of this course,students will be able to:

• Analyze
• Calculate
• Recognize
• Apply
• Explain