Unlocking the Value of ADUs webinar
Part of the Valuation Review Compliance Series

Original Air Date: August 29, 2024

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The use and desire for Accessory Dwelling Units (ADUs) on residential properties may be growing across the country as families look for new ways to utilize space and possibly raise revenue. Join two experts as they dive into precisely what ADUs are and how they should be appraised compliantly.

Together, Fannie Mae’s Lyle Radke and Maxwell, Hendry & Simmon’s Matt Simmons share their expertise on these key issues and more:

The current regulations around appraisal of ADUs at different levels of the government
Defining the potential and best use of these properties
Real life examples of issues that have come up appraising these properties
How to broaden your definition to find comp properties.

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Featured Speakers

Moderator

Lyle Radke
Principal, Collateral Policy
Fannie Mae

Lyle Radke joined Fannie Mae in 2013 and is a Principal in Collateral Policy. His team establishes and maintains policies for property eligibility, appraisals, and condo project standards. He holds a master’s degree in geology from Brigham Young University, is a certified residential appraiser in New Mexico, and has worked in valuation for nearly 30 years.

Matt Simmons
Managing Partner
Maxwell, Hendry and Simmons

Matt Simmons is the Managing Partner of Maxwell, Hendry, & Simmons (MHS), the oldest and largest real estate appraisal and consulting firm in Southwest Florida. Matt is a graduate of FGCU’s Lutgert College of Business and joined MHS in 2005 to launch a residential division of the firm. Today, he oversees the commercial division of MHS and his individual practice consists primarily of consulting and valuation work for litigation and property tax appeals. As a recognized expert witness in several state and federal jurisdictions and in many Florida municipalities for zoning and land use valuation matters, Matt leads the firms’ consulting division in providing economic impact, value impact, and market studies. In 2012, he was appointed by Governor Rick Scott to serve on the Florida Real Estate Appraisal Board. He is the youngest appointee in the history of FREAB, served as the 2014 Chairman, and worked to co-author several newer sections of the Administrative Code applicable to real estate appraisers, instructors, and appraisal management companies. Matt enjoys traveling and finding new experiences to enjoy with his wife and their 4-year old son.