Philip Moon grew up in Shreveport and is a Graduate of Woodlawn High. He’s been married now for 40 years and has three grown children. After years of teaching music, he decided it was time for a change in professions and started his career as a Commercial Appraiser under Carl Sistrunk in 1983. He started his own firm in 1988 and has added three other employees, (twenty-seven) one of which is his alternate, Pat Bradford. Pat specializes in land appraisals and small commercial properties.
THREE different approaches to come up with an appraisal value:
- Cost Approach—What is the cost of the building? Add to that the land and then take away deductions due to depreciation. With this approach, you also consider external sur- roundings. Has the area declined? We are currently in a flat rate appraisal period.
- Sales Comparison—Takes like facilities near by and gets comparison figures.
- Income Approach—What is the building going to be used for and what is it’s income potential? Example, when assessing a building with multiple units, you assume the most realistic rent and incorporate that into the figures.