Mark Nelson Earns AI-GRS Designation from Appraisal Institute

In the fast-evolving world of commercial real estate appraisal, expertise and precision are not just requirements-they are necessities. It is with great pride that we share news from our own team at Roy R. Fisher: Mark Nelson, our president, earned the prestigious AI-GRS designation from the Appraisal Institute. This accolade is a testament to his unwavering commitment to professional development and his dedication to the highest standards of appraisal practice.

Mark Nelson

Our President, Mark Nelson, recently designated as an AI-GRS.

The AI-GRS (Appraisal Institute-General Review Specialist) designation is a hallmark of excellence in the realm of commercial real estate appraisals, specifically in reviewing appraisals to develop opinions of completeness, accuracy, adequacy, relevance, and reasonableness relative to the work under review. These opinions must be refined through tests of reasonableness to develop reconciled opinions of appropriateness and credibility.   Appraisal review assists lenders in evaluating collateral for mortgage lending and informing property owners and attorneys for litigation support.

Mark’s journey to this achievement underscores not only his dedication but also Roy R. Fisher’s proactive approach to fostering professional growth among our team. You can learn more about what this designation entails on the Appraisal Institute’s page.

With an extensive background in real estate and a well-earned reputation for meticulous attention to detail, Mark has consistently delivered precise and accurate appraisals. His new AI-GRS designation enables him to provide even more comprehensive services, enhancing our capability to meet the diverse needs of our clients with even greater precision. The specialized knowledge and skills Mark has gained, particularly in appraising multi-tenant properties, equip him to navigate the most complex valuation challenges.

This certification enriches his proficiency in conducting comprehensive appraisals and bolsters his capabilities in litigation support-a crucial area for many of our clients navigating legal disputes or regulatory proceedings. Mark’s enhanced skills in appraisal review ensure that we are exceptionally well-prepared to support our clients through complex, high-stakes situations.

As each of their members continue to grow professionally, Roy R. Fisher continues to deliver top-notch service and value to our clients with even the most complex real estate assets. Look to Roy R. Fisher as your trusted advisers for those seeking enhanced, comprehensive, and dependable appraisal services. Please contact us at (563)-355-6606 for any appraisal questions or inquiries.

Zoning Could Impact Housing Affordability

zoning for multi use housing and retail buildingsIn the evolving landscape of urban planning, zoning trends are showing a significant shift towards increasing housing density and fostering mixed-use, walkable developments. This movement is primarily driven by the urgent need to address the housing shortage and lack of affordability.

A key trend in this shift is the push to limit or eliminate single-family zoning. This strategy aims to increase density by allowing for the development of multi-family dwellings in areas previously designated exclusively for single-family homes. It’s a response to the growing recognition that single-family zoning can be a barrier to creating affordable and diverse housing options. By allowing higher-density housing, cities are tackling both the housing shortage and promoting more sustainable urban growth.

Another significant trend is the creation of mixed-use, walkable developments. These developments blend residential, commercial, and recreational spaces, fostering communities where living, working, and leisure activities are closely integrated. The benefits of such developments are manifold – they enhance the quality of life, reduce reliance on cars, and contribute to a more vibrant community atmosphere. This trend aligns with the broader shift towards sustainability in real estate emphasizing the industry’s commitment to environmental and social responsibility.

These zoning trends are not just about reshaping physical spaces; they represent a fundamental shift in how we think about and interact with our urban environments. They reflect a growing consensus that the future of urban development lies in creating more inclusive, sustainable, and livable communities. It’s a trend that speaks to the heart of what we do at Roy R. Fisher, where our expertise in commercial real estate appraisal helps clients navigate these changing landscapes.

Whether you’re a developer, investor, or property owner, understanding these zoning trends is crucial for making informed decisions in today’s dynamic real estate market.

For more insights into the commercial real estate industry, visit our blog or learn more about our comprehensive appraisal services. If you’re looking to explore how these zoning changes might impact your property or investment, feel free to contact us for expert guidance.

How We Help Clients Navigate Property Tax Appeals

Property Tax Appeal negotiationMost owners of larger properties tend to appeal their assessed values regularly. “It’s kind of a dance between the property owner, the county tax offices, their legal department, and local tax representatives, to lower their tax obligation,” explains Certified General Appraiser Mark Nelson, MAI.

Part of this process means Iowa real estate owners must be prepared to appeal their assessments, which have effective dates as of the first day of January in a given year. This takes into account the condition of the property and any additions to the building in the last year. Owners need to get their assessment appeal completed by April 1 for it to be considered by the Board of Review.

Settling without a trial is the ideal outcome. Working with a local commercial real estate appraisal firm makes this process easier. It also makes success more likely. Once the assessment is complete, local Boards of Review submit their report to the director, then the informal hearing process begins.

In the past couple months, we provided appraisals to several County Assessors in Iowa which helped them successfully settle property tax appeals. The property owners protesting were large retail store owners. Some of the retail owners have locations throughout the Midwest, with one having stores across the United States.

It’s not merely the large, multi-state and international corporations benefitting from this type of appeal. We also provided appraisals for several smaller, local property owners, assisting them in successful appeals. Due to their tighter cash flows, our services can be of greater benefit to these clients.

Roy R. Fisher is an appraisal firm that knows the area and has what the appraisal industry refers to as geographic competence. This was key in navigating the appeal process and paid off with successful appeals. An appraisal from a regional expert can make all the difference.

Whether you run a small business or a large multi-national corporation, you need local and regional experts on your side. Even if your appeal does have to go through a formal court case hearing, often happening in November or December, appraisers like those at Roy R. Fisher are called on to be expert witnesses in such cases.

In the field of corporate real estate, having appraisers who know the region in which your company owns property is vital. As Mark Nelson, MAI says, “This is a significant percentage of our business, and we’re recognized throughout the state for our expertise in this area.”

Reach out and contact us to see if a tax appeal is right for you!