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Valuation
models
TerraScan uses cost, market, and income valuation models. Our cost
model is directly integrated with
Marshall & Swift
cost systems. Our market model provides comparables referencing the
comprehensive historical sales module. This model allows the user to select
parameters and weights for these comparables. Comparable models can be saved for
later use.
TerraScan allows users to apply all three distinct types of
depreciation, physical, functional, and economic. Users can develop their own
depreciation tables or populate new depreciation models from the built-in
depreciation study tool.
Sketch
TerraSketch is an easy to use, point-and-click, and non-vector based sketch
utility included with TerraScan. This allows users to quickly input sketches of
all improvements, including out buildings ground plan sketches for farms and
large commercial or industrial facilities with a just a few simple mouse clicks.
Land Appraisal
Agricultural Land valuation follows the specific requirements for each
state, and may consider land use, soil type, permanent crop, timber use, or
amenities.
Parcel Model
Each parcel can have an unlimited number of features of any type, allowing
the quick valuation of mixed-use parcels. For example, a single parcel can
contain two classes of land, two residences, and a commercial building.
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