QUALIFICATIONS OF APPRAISER

 

RICHARD VANDER WERFF, MSA , CAI

 

CERTIFIED GENERAL REAL PROPERTY APPRAISER

CERTIFIED TO PRACTICE IN IOWA , MINNESOTA , NEBRASKA , &

SOUTH DAKOTA

 

 

EMPLOYMENT STATUS & MEMBERSHIPS

 

President, Vander Werff and Associates, Inc., 215 Main, Sanborn, Iowa Company established in 1972, handles appraisals, auctions, and real estate sales in Iowa, Minnesota, South Dakota, Nebraska, and other states by Reciprocity.

Vander Werff and Associates completed over 600 appraisals in 2008 (7 appraisers).  Appraisals include commercial, agricultural, chattel, residential, and business.

Certified General Real Property Appraiser - received designation December 1991. (Certified to practice in Iowa, Minnesota, South Dakota, and Nebraska.)  

Member of National Association of Master Appraisers - has received Master Senior Appraiser ( MSA ) designation, Iowa NAMA Past President; Iowa Chapter NAMA Newsletter Editor

Past President of National Association of Master Appraisers (NAMA)

National Chairman - Farm and Land Committee - NAMA 1998-2004

Chair Person Ethics Committee, National Association of Master Appraisers, 2000-2005

Member National Association of Independent Fee Appraisers

Associate Member of American Society of Farm Managers and Rural Appraisers  

Associate Member of Appraisal Institute

Member of Realtors Land Institute (formerly Farm and Land Institute)

Member of National and Iowa Association of Realtors

Member of National and Iowa Auctioneer's Association

Certified Auctioneer's Institute (CAI) designation

Recipient Marvin T. Deane Award of Excellence 1999

Iowa Appraisal Advisory Council – Finance Committee

Allied Member Iowa Funeral Directors Association ( IFDA )

Member of Iowa Cattleman’s Association

 

APPRAISAL EDUCATION

 

In accordance with FIRREA regulations of 1989 concerning appraisal certification, has successfully completed 165 hours of extended appraisal education, demonstrated a minimum of 2,000 hours of appraisal experience, and successfully completed the state General Real Property Appraisal Examination for the Iowa Certified General Real Property Appraiser License

Successfully completed the following courses to receive Master Senior Appraiser ( MSA ) designation from National Association of Master Appraisers:  Principles of Appraisal, Practice of Appraisal, Narrative Appraisal Report (Residential), Farm & Land Appraisal, Commercial Appraisal, and Advanced Commercial Appraisal (Sample appraisals submitted to receive designation)

Attended and successfully completed:  Introduction to Real Property Valuation, Courses I and II sponsored by the American Society of Appraisers

Attended and successfully completed:  Introduction to Real Property Valuation, Courses I and II by Dr. Robert Suter

Attended and successfully completed 15-hour USPAP course with annual updates (Lincoln Graduate Center)

Attended and successfully completed numerous 1-day and 2-day appraisal seminars including Review, Environment, Livestock Units, Commercial, and other

Attended and successfully completed:  Iowa State University Annual Farm Management and Rural Appraisal Seminars

Attended and successfully completed:  All appraisal courses held in conjunction with Courses I, II, and III of the Certified Auctioneers Institute, Indiana University, Bloomington, Indiana

Attended numerous one-day appraisal seminars sponsored by the Iowa Association of Realtors, National Association of Master Appraisers, American Society of Farm Managers and Rural Appraiser, and others

Attended and successfully completed:  Business Valuation, Course I, Richard Reece, Instructor - Course taken through Des Moines Area Community College in conjunction with Lincoln Graduate Center

Attended and successfully completed the course “Principles of Condemnation Appraisal” - Des Moines Area Community College.

Attended and successfully completed the USPAP Update courses in 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2010

Attended and successfully completed update on commercial appraising – 2004, 2005

Instructed farm and agriculture appraising class – 2004, 2005

Course participant – Farmer Mac Appraisal Prep Class, St. Louis, MO – Instructor W. David Snook, FASA

Course participant-  8-hour UNIFORM APPRAISAL STANDARDS FOR FEDERAL LAND ACQUISITIONS (Yellow Book) Seminar held on the campus of Iowa State University at Ames, Iowa, September 11, 2006.  Instructor: Scott Seely.

Attended and successfully completed the course “Scope of Work and Appraiser Due Diligence Course), June 2007

Course participant in 2008 USPAP update – January 8, 2008

Course participant in Effective Report Writing (14 hours) March 28/29, 2008  

Attended and successfully completed 8-hour "Fannie Mae Today, No. 116" on April 3, 2009.

   

REPRESENTATIVE SAMPLING OF PAST EXPERIENCES

Commercial Appraisals

 

Educational, Churches:

Western Christian High School, Hull, Iowa with 107,482 square feet; numerous church appraisals completed in various communities and counties throughout Iowa and other locales.

Elevators Feed Mills, Other Agricultural Related:

Grain elevator facilities and processing facilities in numerous communities including Chariton, Iowa; Melrose, Iowa; Conrad, Iowa; Emmetsburg, Iowa; Sanborn, Iowa; Sheldon, Iowa; Ellsworth, Iowa; Sutherland, Iowa; Primghar, Iowa; Hartley, Iowa; Le Mars, Iowa; Holstein, Iowa; Marcus, Iowa; Inwood, Iowa; Greenfield, Iowa; rural Emmet County, Iowa; Nemaha, Iowa; Galva, Iowa; Osage, Iowa; Marshalltown, Iowa; Hospers, Iowa; Paullina, Iowa; Granville, Iowa; Sioux Center, Iowa; Hull, Iowa; Rock Valley, Iowa and Humeston, Iowa; Lester, Iowa; Ellsworth, Iowa; Remsen, Iowa; Sheldon, Iowa; Ireton, Iowa; Adrian, MN; Elk Point, South Dakota; Alcester, South Dakota; Blair, Nebraska.  These appraisals included feed mill, agronomy, grain elevator, fertilizer facilities – some with rolling stock; Linn Grove Chicken Hatchery, 130,848 SF; Boyden Feed, Boyden , Iowa ; MixRite, Sioux Center , Iowa .  Largest feed mill complex completed:  250-ton per hour capacity in Grinnell, 225-ton per hour, Dual Line Northwest Iowa.

Ethanol and Bio-Diesel Facilities:

            Ethanol and bio-diesel facilities in various Iowa counties; Bison Renewable Energy (methane digester facility in Sioux Center, Iowa); bulk fuel facilities.

Funeral Homes:

Rich Vander Werff has been appraising funeral homes for approximately the last 12 years.  Rich has extensive experience in the appraisal of funeral homes.  Funeral home appraisals have been completed by him in Iowa, South Dakota , Nebraska , Minnesota , Kansas , Missouri , New York and Wyoming.  The funeral home appraisals have been completed for a variety of reasons including lenders utilizing them for loan collateral evaluation purposes, some in conjunction with Small Business Administration financing and/or other guaranteed loans.  Some appraisals have been completed for estate purposes in the case of an owner’s death.  Some have been completed for the dissolving of partnerships, establishing values for the transfer of stocks, establishing sale price, establishing purchase price, insurance purposes, stock ownership transfer for family members, as well as other reasons.  The funeral home appraisals have included real estate only, “going concerns” including real estate, furnishings, vehicles, casket, urn and/or other inventory, as well as intangibles, business only – that is, the intangibles only, as well as various combinations of the above.  Appraised over 25 funeral homes in 2009.

Hospitals, Care Centers, Assisted Living, Other Healthcare Related:

Hilltop Care Center, Spirit Lake, Iowa, 137-bed nursing facility; Prairie View Leasing Corporation, Sanborn, Iowa - appraisal was for 73-bed nursing home, 18-unit independent living facility and 16-unit Alzheimer’s unit including all chattel property; Village Northwest Unlimited, Sheldon, Iowa - appraisal of complete handicap care facility with dorms and support facilities; Baum Harmon Hospital, Primghar, Iowa including Kids Kampus Daycare Center and Ohme Medical Clinic, real estate and equipment; Apple Valley Assisted/Independent Living facility, Osage, Iowa; Heartland Heights Independent Living facility, Sibley, Iowa; Sheffield Care Center, Sheffield, Iowa; Good Neighbor Home, Ackley, Iowa; Sunset Knoll, Alta, Iowa; Buena Vista County Care Facility, Storm Lake, Iowa; Prairie View Complex, Sanborn, Iowa; numerous other assisted/independent living facilities; dental clinics; chiropractic clinics, optometric clinics, dialysis unit, medical clinics; Orange City Health Systems; Hegg Memorial Health complex in Rock Valley, IA; independent living facility, Clarion, IA.

Hotels, Motels, Recreational:

The Ranch Amusement Park, Okoboji, Iowa; non-franchise motels/hotels;  La Quinta Inn, Fargo, North Dakota; The Lodge, Forest City, Iowa; AmericInns, Spencer, Iowa, and Albert Lea, Minnesota; Amerihost Motels; Holiday Inn Express Hotels & Suites in Sioux Center, Sheldon, Iowa, and Albert Lea, Minnesota, Econo-Lodge motels in several communities; Super 8 Motels in Worthington, Minnesota, Spirit Lake, Iowa, Spencer, Iowa, Sheldon, Iowa, St. James, Minnesota, New Ulm, Minnesota, Clear Lake, Iowa, Storm Lake and Cherokee, Iowa; numerous golf course appraisals including golf courses in Elk Point, South Dakota, Garner, Iowa, Estherville, Iowa, Iowa Great Lakes region, Sioux Center, Iowa, Sioux City, Iowa, and Council Bluffs, Iowa; Boji Bay, Inc., The Annex and Mini Golf in Sioux City, Iowa; 5,000-6,000 person total capacity water park; Parks Marina, Okoboji, Iowa; numerous bowling and entertainment centers in Iowa, Minnesota and South Dakota; Echo Valley Speedway, West Union, Iowa; Union Prairie Horse Arena, Allamakee, Iowa; Manning Heritage Foundation/Hausbarn, Manning, Iowa; gymnasiums/rec centers.

Manufacturing, Warehouses, Ready Mix Plants:

Rosenboom Manufacturing, 250,000 SF manufacturing facility; NOBL Labs Veterinary Medicine Building; Den Hartog Industries, Hospers, Iowa - a 25-building, light manufacturing facility with over 200,000 square feet; numerous mini-storages; Tru-Serv 520,000 SF warehouse in Brookings, South Dakota; Dynamic Engineering manufacturing building in Watertown, South Dakota; well over 75 ready mix concrete plants in Iowa, South Dakota and Nebraska; Mauer Manufacturing, Spencer, Iowa; Jack Links Beef Jerky, 275,000 square feet distribution center, Laurens.  Appraisals have included processing plants, assembly plants, full manufacturing facilities, distribution warehouses and storage warehouses.  Representative sampling of communities include:  Sioux City, IA; Sioux Falls, SD; Worthington, MN; Albia, IA; Dubuque, IA; Lakefield, MN; Clear Lake, IA; Spencer, IA; Nevada, IA; Keokuk, IA; Grundy Center, IA; Belle Plaine, IA; West Liberty, IA, as well as numerous other Iowa, South Dakota, Nebraska and Minnesota communities.

Processing Plants:

Biovance, 62,000-ton annual output, value added processing plant – Oskaloosa, Iowa; numerous meat processing facilities including poultry, pork, beef with facilities appraised located mostly in Iowa, South Dakota and Nebraska; representative sampling: All States Quality Foods, L.P., Charles City, Iowa; Iowa Turkey Processors, Postville, Iowa; Iowa Premium Pork, Hospers, IA; meat processing plant appraisals have included further process only, as well as slaughter with further processing;  commercial cold storage facilities; food grade processing plants in Le Mars, IA, Grinnell, IA and others.  Representative sampling of communities included:  West Liberty , IA ; Wellsburg , IA ; Charles City, IA; Keota , IA ; Ackley , IA ; Decorah , IA ; Sigourney , IA ; Sheldon , IA ; Hospers , IA ; Postville , IA ; Schleswig , IA ; Orange City , IA; Estherville , IA; Alcester, SD.

Retail, Office, Restaurants, Convenience Stores, Other Service-Related:

Southtown Foods, 22,694 SF grocery (retail) commercial; Okoboji Boats 100,000 SF sales/service/storage facility; Joyce's Foods, 20,084 SF grocery retail commercial; Fullerton Lumberyards in 15 locations in Iowa, South Dakota, Minnesota, Nebraska and Wisconsin; numerous big box retail appraisals throughout Iowa, Minnesota, South Dakota and Nebraska; numerous office facilities in Iowa, South Dakota, Nebraska and Minnesota; car washes; numerous convenience stores and truck stops throughout Iowa, Minnesota, South Dakota and Nebraska.  Recent appraisals of “C” stores include the new Sheldon Plaza, Sheldon, Iowa – a Cenex “C” store with McDonalds fastfood restaurant; the Cooperative Energy facility in Sibley, Iowa - truck stop, Dows Travel Center Truck stop in Dows, Iowa, “C” store and Subway fastfood restaurant; restaurant appraisals including Hardees, Dairy Queen, Subway, McDonalds, KFC, Taco Bell, Taco Johns, Pizza Hut, Godfathers, Pizza Ranch, Perkins Restaurants, Culver’s Restaurants, Applebee’s, franchise Bar-B-Que restaurants, Burger King, Long John Silvers and others in numerous communities throughout Iowa, Minnesota, South Dakota and Nebraska.  Additional restaurants include sit-down restaurants, supper clubs, lounges and other.  (These appraisals have included real estate, equipment and businesses).  Other appraisals have included Laundromats, dry cleaning facilities, automotive dealerships, farm equipment dealerships, service shops, boat marinas, motorcycle sales, daycare centers, greenhouses, photo studios, post offices, bars/lounges, Mexican restaurants, community plazas, regional malls, Goodwill Industries, truck sales/service centers, veterinary clinics.

Miscellaneous:

Tri-State Livestock, Ltd., Livestock sales auction facility, Sioux Center, Iowa; livestock auction in Kalona Sale Barn, Watertown, SD Livestock Auction Facility; Huron, South Dakota Livestock Auction facility; Livestock Collection Stations in South Dakota and Iowa; rail car repair facility, Sioux City, IA; golf courses, golf course with dome, gravel quarries, mobile home parks, movie theaters, museums, automobile, farm equipment, truck sales and service .

 

Business Appraisals:

Have completed well over 100 business appraisals in past five years.  Businesses include:  auto dealership, retail, warehouse, insurance agencies, funeral homes, car washes, restaurants, lounges, chiropractic clinics, fastfood restaurants, auto body shops, propane sales/service business, garbage hauling business, furniture business, commercial laundry, manufacturing business, retail, feed mill, insurance agencies, real estate agencies hardware sales, dairies, landscaping, custom home building business, golf courses, feed mills, grain elevators and others.

 

Agricultural Appraisals

 

Agricultural Appraisals:

Largest single appraisal assignment – 11,000 acres with 3,000,000 bushel grain storage in Monona and Woodbury Counties, Iowa; 7,320 acres, including 52 tracts ranging in size from 5 acres to 320 acres in 7 counties in northwest Iowa and southwest Minnesota; FSA certified appraiser.  Has regularly completed appraisals for FSA (FmHA) from 1987 through present.  Well over 250 appraisals completed in over 24 counties in Iowa.  Have also completed FSA appraisals in South Dakota, Minnesota and Nebraska.  EWRP and WRP appraisals; Farm Credit Services-appraised approximately 3,000 acres in 1987 and 1988 in Sioux, Lyon, Osceola, Clay, Dickinson, Cherokee, Emmet, Palo Alto, and Pocahontas Counties; extensive experience in condemnation and right of way appraisals including US Highway 60 project from LeMars, Iowa to Minnesota border; have completed over 100 condemnation appraisals for O’Brien and Osceola Counties for various projects; have completed appraisals for numerous communities including right of way, condemnation and others; Iowa Department of Natural Resources farm real estate appraisals; O'Brien County Sportsman's Club farm real estate appraisals.

Specialized Commercial Agricultural Appraisals:

Poultry facilities including layer, breeder, grower and broiler.  Largest poultry facility:  1,000,000 birds; Hog facilities including farrowing/nursery/finisher/gestation facilities up to 5,000 sow units; Cattle facilities:  cattle feedlot appraisals including confinement and open lots, up to 20,000 head;  Dairy facilities up to 5,000 cows.

 

 

Other Types of Appraisals

 

Residential Appraisals –

Numerous residential appraisals in 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, and 1997.  Completed 50 residential appraisals for Northwest Iowa Planning and Development Commission in 1994.

WRP Appraisals in the following counties:

Lyon, O'Brien, Osceola, Plymouth, Emmet, Kossuth, Palo Alto, Woodbury, Monona, and Pocahontas.

Residential-Agricultural-Commercial Insurance:

 Appraisals in Iowa and South Dakota.

Chattel Appraisals:

Funeral Homes, Retail, Office, Restaurant, Industrial, Commercial, Farm Equipment, Ready Mix Concrete Plants, Trucking Companies, Heavy Manufacturing Equipment, Commercial Laundry Equipment, Household Goods and Antiques, Propane Business and others.  These appraisals have included locations in Iowa, Minnesota, South Dakota and Nebraska.  Chattel appraisals have been completed for various purposes including SBA, FSA, loan collateral evaluation purposes, partnerships, estates and others.