Posts by Patrick Lamb

May 23rd, 2013. We just heard about the I-5 tragedy. Our hearts go out to everyone involved. Don Jury and I were stuck on the tarmac at Reagan Airport in DC when we heard the news. Our flight was being delayed due to a big thunder storm. Coincidentally, we had quite the cast of characters…

The purpose of a Reserve Study is to provide a long range plan (up to 30 years), for the timely replacement of key components of the structure that have usable economic lives of shorter duration than the foundation and framing. The Study is made up of two parts, 1) the information about the physical status…

Over the last few years Lamb Hanson Lamb Appraisal Associates, Inc. has been heavily involved in providing appraisal services for private property owners who are impacted by the Sound Transit Link Light Rail expansion project throughout the region. This letter is to inform those of you who are directly impacted, that there are opportunities for…

In recent years, following the housing market collapse, there have been an increasing number of local condominium Home Owner Associations (HOA’s) discovering wide spread construction defects impacting the common areas of their complex, as well as unit interiors. This is reasonably the fallout of the unsustainable and unmanageable housing boom over the last decade. The…

We have successfully completed the Appraisal Institute course “Fundamentals of Separating Real and Personal Property from Intangible Business Assets”, which makes us compliant with new Federal Interagency Evaluation Guidelines and the new SBA (Small Business Administration) requirement to be a ‘qualified source’ to perform real property valuation assignments that are inter-related with a going concern.

Please join us on linked-in to participate in the communication and organization of our group. Basic membership to Linked-in is free (linkedin.com). Once you have a profile, you can search for us under groups, “AI Professional Associates Group”. I’ve sent many of you invitations via linked-in already. We are currently discussing some presentation options for…

Real Estate Appraisal during a Divorce You’re a spouse going through a divorce – friendly or hostile. One of you has probably moved out, and you’re both wondering what your share of the real estate will amount to. You’re going to have to deal with a division of property – usually, the family residence. What’s…

What drives the recruitment and retention of talented young people to a professional association? Finding the answer has been a challenging and crucial task for the networking and social groups I belong to today. Having a better understanding of what motivates young professionals will help us attract and connect to the people we want to…

Divorce Appraisals Finalizing a divorce involves many decisions, including “Who gets the house”? There are generally two options regarding the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require…

It feels pretty good coming off a large tax appeal victory with the King County Hearing Examiner that reduced our clients’ assessment by over $3,000,000 on large industrial manufacturing plant in the Georgetown neighborhood of Seattle. We figure our client had approximately $35,000 to $40,000 cut off his annual tax burden that year. He was…