Appraisal Journal articles from April 1993

Appraisal Journal archives from April 1993

The evolving appraisal paradigm. (includes appendix)
April 1, 1993... During the past decade a new appraisal paradigm has been evolving. As a result of the commercial real estate boom and bust of the 1980s and the ensuing federal regulatory restrictions, the natural evolution of the appraisal process was...

The impact of corporate ownership on residential transaction prices.
April 1, 1993... A perception exists in the appraisal and brokerage industry that houses sold by corporate relocation firms (or corporate employers) sell at a discount in the residential market. The purpose of this article is to empirically determine if...

Appraisal considerations in distressed markets.
April 1, 1993... The collapse of real estate markets in the "oil patch states" was the harbinger of the current severe distress occurring in real estate markets across the United States. Appraising real property under such market conditions involves emphasis on...

Lender perceptions of appraisal quality: after FIRREA. (Financial Institutions Reform, Recovery and Enforcement Act of 1989)
April 1, 1993... The Financial Instifutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) was enacted as a governmental attempt to improve the standards of lending practices in the nation's lending institutions. Portions of the legislation were aimed at...

The process of arbitration.
April 1, 1993... The arbitration process is separate and distinct from the appraisal process. It requires the services of a professional prepared to adjudicate matters in an expeditious and cost-efficient manner. Arbitrators must have an understanding of...

Case study: an alternative technique to the land residual method.
April 1, 1993... Theoretical methodologies, while useful to advance appraisal practitioners' knowledge, are sometimes difficult to apply to real-world valuation problems. Use of the land residual method to value vacant land in the absence of directly comparable...

Application of geographic information systems in site selection and location analysis.
April 1, 1993... This article demonstrates the application of Geographic Information Systems (GIS) in site selection and location analysis for residential subdivision development. The value of a site is significantly affected by associated linkages; major...

Forecasting likely job growth or decline with the net deficit technique.
April 1, 1993... This article examines the problem of forecasting changes in local job markets over time. The "net deficit" technique is suggested as a method for identifying periods of likely job growth or decline. The proposition introduced is that no local...

The role of a quality control checklist in avoiding appraisal report errors.
April 1, 1993... Appraisal reports can suffer from errors in communication as well as in technical matters. Examples of communication errors include inconsistent property identification, contradictions between the Executive Summary and the body of a report, and...