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 1,000 appraisals in 2006 (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
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
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 Reese, 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
Attended
and successfully completed update on commercial appraising – 2004, 2005
Instructed
farm and agriculture appraising class – 2004, 2005
Attended
the 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
REPRESENTATIVE
SAMPLING OF PAST EXPERIENCES:
Commercial Appraisals
- The Ranch Amusement Park, Okoboji, Iowa; Rosenboom Manufacturing, 250,000 SF
manufacturing facility; Southtown Foods, 22,694 SF grocery (retail) commercial;
NOBL
Labs Veterinary Medicine
Building, 34,000 SF commercial; Budget Inn, 48 unit motel; Econo Lodge, 40 unit
motel; Super 8 Motels in Worthington, Minnesota, Spirit Lake, Iowa, Spencer,
Iowa, Sheldon, Iowa; St. James, Minnesota, New Ulm, Minnesota, and Clear Lake,
Iowa; Tri-State Livestock, Ltd., Livestock sales auction facility; Kalona Sale
Barn, Livestock sales auction facility; Watertown, SD Livestock Auction
Facility;
Hilltop Care Center, 137
bed nursing facility; Sanborn, Iowa - Prairie View Leasing Corporation -
appraisal was for 73 bed nursing home, 18 unit independent living facility and
16 unit, “as proposed” Alzheimer’s unit including all chattel property;
Sheldon, Iowa - Village Northwest - appraisal of complete handicap care facility
with dorms and support facilities; Baum Harmon Hospital, Kids Kampus Daycare
Center, and Ohme Medical Clinic, Primghar, Iowa, real estate and equipment;
Sioux Golf & Country
Club, 9-hole golf course; Elk Point, SD (9 hole golf course with full
restaurant); Okoboji Boats 100,000 SF sales/service/storage facility, Boji Bay,
Inc., 5,000-6,000 person total capacity water park; Biovance, 61,152 ton annual
output, value added processing plant – Oskaloosa, Iowa; Parks Marina, Okoboji,
Iowa;
Doon Elevator, 48 ton
feed mill, 381,000 bushel grain elevator; 3 Co-op grain elevator facilities in
Chariton, Melrose, and Humeston, Iowa - included complete feed mill, agronomy
and grain elevator facilities, and all rolling stock; Emmetsburg, Iowa - Kerber
Milling Co. - large commercial feed mill operation; Joe’s Feed Service -
commercial feed mill;
CEA
Elevator/Feed Mill, Hartley, Iowa;
Joyce's Foods, 20,084 SF
grocery retail commercial; Linn Grove Chicken Hatchery, 130,848 SF; Hardees
restaurant, real estate and equipment - Sheldon, Humboldt, Iowa; Estherville,
Iowa; Worthington, Minnesota; KFC, Spencer, Iowa; KFC/Long John Silvers, Spirit
Lake, Iowa; Taco Johns fast food restaurant, Storm Lake, Sheldon, Orange
City, Iowa; Burger King fast food restaurant, Storm Lake, Iowa; Den
Hartog Industries, 25 building light manufacturing facility (over 200,000 SF);
Fullerton Lumber Yards in 15 locations in Iowa, South Dakota, Minnesota,
Nebraska, and Wisconsin; Western Christian High School, 107,482 SF; retail
appraisal of Pamida facility, 38,600 SF – Spirit Lake, Iowa; Sioux Center,
Iowa - office facility for EDA, 5,000 SF; LeMars, Iowa - greenhouse facility
with floral sales; Ferguson Landscape/Floral, Spirit Lake, Iowa;
Funeral Homes
– Rich Vander Werff has been appraising funeral homes for approximately the
last ten 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
, and
Wyoming
.
The funeral home appraisals have been completed for lenders 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. Several
of the funeral home appraisals were completed for the business – that is, the
intangibles only, as well as various combinations of the above stated.
Convenience stores
located in Hartley, Storm Lake, Alta, Spencer, Spirit Lake, Sioux City, and
other locations in Iowa, South Dakota, and Minnesota;
Bowling alleys, mini
storage, assisted living, car washes, churches, 100,000 SF trucking terminal;
West Liberty Meat Processing Facility, Sigourney and West Liberty, Iowa; Tru
Serv 520,000 SF warehouse in Brookings, South Dakota; Dynamic Engineering
manufacturing building in Watertown, South Dakota; ethanol plants-Sioux and Ida
Counties; All States Quality Foods, L.P., Charles City, Iowa; Iowa Turkey
Processors, Postville, Iowa; Perkins Restaurant, Norfolk, Nebraska, Union
Prairie Arena, Allamakee County; Iowa; Echo Valley Speedway, West Union, Iowa,
Manning Heritage Foundation/Hausbarn, Manning, Iowa; concrete ready mix plants
including Russells Ready Mix, 13 locations; Joe’s Ready Mix, 8 locations;
Wright Medical Foundation, Clarion, Iowa; Mauer Manufacturing, Spencer, Iowa;
Jack Links Beef Jerky, 275,000 square feet distribution center, Laurens, Iowa;
Bio Diesel Plant located in Clinton, Iowa.
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. Have
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.
Business
Appraisals – Have
completed 25±
business appraisals in 2006. Businesses
include: auto dealership, retail,
warehouse, insurance agencies, funeral homes, car washes, restaurants, bars,
chiropractic clinics, fast food restaurants, auto body shops, propane
sales/service business, garbage hauling business, furniture business, commercial
laundry, manufacturing business, and others.
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; numerous residential review appraisals completed from 1998 to present.
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
.
Churches
– church appraisals completed in Sheldon,
Sioux
Center
, Merrill, Alta, Indianola,
Orange City
,
Iowa
and other locations.
Chattel
Appraisals - Retail,
Office, Restaurant, Industrial, Commercial, Farm Equipment , Household Good, and
Antiques, propane business, ready mix plants.
Includes the following:
Family
Drug - 12 locations including retail areas, corporate headquarters (Appraisal
included fixtures, shelving, retail equipment, office equipment, and computers)
Kelley's
Restaurant - restaurant equipment, fixtures, and dining accessories,
Numerous
Pizza Ranches - restaurant equipment, which includes kitchen equipment,
fixtures, and dining accessories
Hardee's -
all restaurant equipment
Poulsen
Equipment - industrial equipment
FSA - Farm
equipment
Taylor
Contracting Co. - complete appraisal of commercial contracting equipment, shop,
and office equipment
Prairie
View Leasing Corp. - complete appraisal of all furnishings, equipment, and
chattel for 73 bed nursing home with independent living center
Southeast
Co-op Elevator - complete appraisal of all rolling stock, including trucks,
fertilizer equipment, feed mill equipment, grain handling and office equipment,
and full bulk fuel facility including petroleum and propane - 2 branches
Chariton
Co-op Elevator - complete
appraisal of rolling stock, including trucks, fertilizer equipment, feed mill
equipment, office equipment - 3 branches
Jubilee
Foods of
Hawarden
,
Iowa
, grocery store equipment and
furnishings
Sioux Tank
Line – semi tractors/petroleum transport trailers
Dicks mix
– ready mix plant, equipment, and rolling stock, New Hampton, Iowa
Blue Flame
Propane – all tanks and rolling stock
Kohlman
Conveyors - heavy manufacturing equipment
A&M
Laundry - commercial laundry equipment
REPRESENTATIVE SAMPLING
OF APPRAISALS COMPLETED FOR INDIVIDUALS,
CORPORATIONS, LENDERS
AND
ATTORNEYS:
Ackley State
Bank,
Ackley
,
IA
– Commercial appraisals
AgStar Financial
Services,
Johnston
,
Iowa
- Commercial appraisals
ATM
Corporation of
America
,
Coraopolis
,
PA
- numerous residential
appraisals
American Interstate Bank,
Paullina
,
IA
- numerous residential,
agricultural, hog unit, and commercial appraisals
American
State Bank,
Granville
,
IA
- numerous residential, agricultural, and commercial
appraisals
American
State Bank,
Hospers
,
IA
- numerous residential, agricultural and commercial
appraisals
American
State Bank,
LeMars
,
IA
- numerous residential, agricultural and commercial
appraisals
American
State Bank,
Sioux Center
,
IA
- numerous residential, agricultural, hog unit,
poultry units, and commercial appraisals
American
State Bank,
Remsen
,
IA
- numerous residential, agricultural and commercial
appraisals
Ashton State Bank,
Ashton
,
IA
- numerous residential,
agricultural, hog unit, poultry unit, and commercial appraisals
Bank of
America
–
Kansas City
,
MO
and
Dallas
,
TX
– farm real estate and
commercial appraisals
Bank of The West –
Walnut Creek
; CA - commercial appraisals
Bank Midwest,
Okoboji
,
IA
– numerous commercial
appraisals
Bank Plus,
Estherville
,
IA
– numerous commercial
appraisals
Bruce
Green, Schultz & Green Law Firm,
Primghar
,
IA
real estate and chattel
appraisals
Central
Bank,
Spirit
Lake
,
Sioux City
,
Storm
Lake
and Cherokee,, IA – numerous
commercial appraisals
Central State Bank,
Muscantine
,
IA
– commercial appraisals
Central Trust and
Savings, Cherokee, IA - numerous farm real estate and commercial appraisals
Cherokee Credit Union,
Cherokee, IA - farm real estate appraisals and commercial appraisals
Cherokee State Bank,
Cherokee, IA - farm real estate appraisals and commercial appraisals
Citizens 1st
National,
Storm Lake
,
IA
- numerous residential,
agricultural, hog unit, and commercial appraisals
Citizens State Bank,
Marathon
,
IA
- farm real estate, hog unit,
and commercial appraisals
Citizens
State Bank,
Sheldon
,
IA
- commercial, agricultural, and residential
appraisals
Citizens
State Bank,
Waukon
,
IA
– commercial appraisals
City of
Sioux
Center
- expert witness
City State Bank, Grimes,
IA – commercial appraisals
Clear Lake Bank &
Trust,
Clear Lake
,
IA
– numerous commercial
appraisals
Community First National
Bank, Vermillion, SD – Commercial appraisals
Community State Bank,
Spencer
,
IA
- farm real estate appraisals
and commercial appraisals
Commercial Trust and
Savings Bank, Storm Lake, IA - farm real estate, hog unit, and commercial
appraisals
Dan
DeKoter, DeKoter & Thole & Dawson Law Firm,
Sibley
,
IA
- agricultural and commercial
appraisals
Davenport
, Evans, Hurwitz & Smith,
LLP,
Sioux Falls
,
SD
– commercial appraisals
Dennis
Cmelik, Cmelik Law Office,
Hartley
,
IA
- real estate and chattel appraisals
Emmet
County State Bank - farm real estate appraisals, and commercial appraisals
FSA
(formerly FmHA) - numerous farm and residential appraisals
Farmers Savings Bank,
Milford
,
IA
– commercial appraisals
Farmers Trust and
Savings,
Spencer
,
IA
- farm real estate and
commercial appraisals
Farmers Trust and Savings
Bank,
Spirit Lake
,
IA
–commercial appraisals
First American Bank,
Clive
,
IA
– commercial appraisals
First American Bank,
Sioux City
,
IA
– commercial appraisals
Firstar Bank
Iowa
,
Cedar Rapids
,
IA
- farm real estate appraisals
and commercial appraisals
First Bank
and Trust, Rock Rapids, IA - residential and agricultural appraisals
First Bank
Financial Centre,
Oconomowoc
,
WI
– commercial appraisals
First Bank
Iowa
,
Minneapolis
,
MN
- farm real estate appraisals
First Bank
Iowa
,
Rock Valley
,
IA
- numerous residential, commercial, agricultural,
dairy, and chattel property appraisals
First
Federal Savings Bank, Cherokee,
Orange
City
, Sheldon and
Sioux City
,
IA
- numerous residential,
commercial, and agricultural appraisals
First National Bank of
LeMars
,
IA
- farm real estate and
commercial appraisals
First
National Bank,
Primghar
,
IA
- farm real estate, hog unit, commercial,
residential, and chattel appraisals
First
National Bank,
Omaha
,
NE
– commercial appraisal reviews
First
National Bank,
Rembrandt
,
IA
- numerous residential, commercial, and agricultural
appraisals
First
National Bank,
Sioux Center
,
IA
- numerous residential, commercial, and agricultural
appraisals
First State Bank,
Hawarden
,
IA
- farm real estate appraisals
and commercial appraisals
First State Bank,
Worthington
,
MN
– Commercial appraisals
First Trust and Savings,
Aurelia
,
IA
- numerous residential,
agricultural, hog unit, and commercial appraisals
Home State Bank, Royal,
IA - farm real estate appraisals and commercial appraisals
Ida County State Bank,
Ida Grove, IA - farm real estate appraisals and commercial appraisals
Iowa State
Bank -
Hull
, Sheldon,
Orange
City
,
Alton
and
Ireton
,
IA
- numerous agricultural, hog
unit, poultry unit, residential, and commercial appraisals
Iowa Trust
and Savings Bank,
Emmetsburg
,
IA
- numerous agricultural, farm machinery feed mill,
and commercial appraisals
Heritage Bank, NA,
Aurelia
,
IA
- farm real estate appraisals
Home Federal Savings
Bank,
Aberdeen
,
SD
- farm real estate appraisals,
commercial appraisals, and hog unit appraisals
Jeff Queck,
Attorney,
Sanborn
,
IA
- numerous agricultural and commercial appraisals
Larry
Postma, Attorney,
Sheldon
,
IA
- real estate and chattel appraisals
Laurens State Bank,
Laurens
,
IA
- farm real estate appraisals
and commercial appraisals
Lender's
Service, Inc.,
Coraopolis
,
PA
- numerous residential appraisals
Liberty
Bank, Garner,
Iowa
– commercial appraisals
Liberty
National Bank,
Sioux City
,
IA
– commercial appraisals
Marquette
Bank of
South Dakota
,
Sioux Falls
,
SD
- numerous agricultural
appraisals
Melvin Savings Bank,
Melvin
,
IA
- residential, farm real
estate, and commercial appraisals
Minnwest Bank,
Luverne
,
MN
– farm real estate
appraisals
NorthStar Bank,
Estherville
,
IA
- farm real estate appraisals
and commercial appraisals
Northwest Federal
Savings,
Spencer
,
IA
- farm real estate appraisals
and commercial appraisals
Northwestern
State Bank,
Orange City
,
IA
- commercial, agricultural, hog unit, and residential
appraisals
Oostra,
Bierma, and Schouten Law Firm - commercial, agricultural, and residential real
estate appraisals
People’s
Bank,
Elkader
,
IA
– commercial appraisals
People's
Bank and Trust,
Rock
Valley
and
Sioux Center
,
IA
- numerous residential,
agricultural, and commercial appraisals
Pioneer Bank,
Sioux City
,
IA
- farm real estate appraisals
and commercial appraisals
Pocahontas State Bank,
Pocahontas
,
IA
- farm real estate appraisals
and commercial appraisals
Premier Bank,
Rock Valley
,
IA
- numerous farm real estate,
hog unit, cattle unit, and commercial appraisals
Primebank, Le Mars and
Sioux Center
,
IA
– numerous commercial
appraisals
Roger
Bindner, Attorney, Klay, Veldhuizen, Bindner, De Jong, and Pals Law Firm,
Orange City
,
IA
- numerous agricultural,
commercial, and residential appraisals
Roger
Evans, Attorney,
Sioux
Center
- commercial, agricultural,
and equipment appraisals
Sanborn
Savings Bank,
Sanborn
,
IA
- commercial, agricultural, hog unit, residential,
and chattel appraisals
Savings
Bank, Primghar and
Hartley
IA
- numerous residential, agricultural, hog unit, farm
equipment, and commercial appraisals
Security
First Bank of
North Dakota
, New Salem, North Dakota -
Commercial hog unit facility
Security National Bank,
Sioux City
,
IA
- farm real estate appraisals
and commercial appraisals
Security
State Bank,
Sheldon
,
IA
- commercial, agricultural, hog unit, and residential
appraisals
Siouxland National Bank,
South Sioux City
,
NE
– commercial real estate
appraisals
Swea City State Bank,
Graettinger
,
IA
- farm real estate appraisals
and commercial appraisals
Tom
Whorley, Attorney, Attorney Wolff, Whorley, DeHoogh & Schreurs Law Firm,
Sheldon
,
IA
- numerous agricultural,
commercial, and residential appraisals
U.S. Bank National
Association,
Rochester
,
MN
, and
Omaha
,
NE
- farm real estate and
commercial appraisals
United
Community Bank, Hartley, Ocheyedan,
Milford
, and
Okoboji
,
IA
- farm real estate, hog unit,
commercial, and residential appraisals
Valley Bank & Trust,
Cherokee, IA - farm real estate appraisals and commercial appraisals
Valley Bank NA,
Elk Point
,
SD
- commercial appraisals
Western Bank and Trust,
Moville
,
IA
- farm real estate appraisals,
commercial appraisals, and hog unit appraisals
Wells Fargo Bank - -
numerous locations – farm real estate and commercial appraisals
William
Klinker and Ron Shea, Attorneys, Smith, Grigg, Shea, Klinker, Law Firm,
Primghar, IA – agricultural, residential and commercial appraisals
The above clientele has
utilized my appraisals for loan collateral evaluation purposes including the
Small Business Administration Guaranteed Loans, Rural Economic Development
(RECD) Guaranteed Loans, and various government grants.
The appraisals have also been utilized by attorneys in dissolution
proceedings, partnership buy-outs, establishing sale prices, establishing
purchase prices, insurance purposes, buy/sell agreements, stock transfer
agreements, and other. Court
appearances have been made on behalf of certain clientele listed.
Updated
July 2007