Appraisal Journal articles from July 1998

Appraisal Journal archives from July 1998

Eminent domain and just compensation for single-family homes.
July 1, 1998... The popular literature has portrayed property owners who have had their real estate taken through eminent domain as victims of the governmental process even though such property owners are entitled to just compensation for their real estate. The...

The role of the professional appraiser in REIT valuations. (real estate investment trust)
July 1, 1998... Real estate market fundamentals have improved considerably in the last few years: Supply growth has been constrained. Demand has picked up along with the economy. Capital is available, and at reasonable rates. Property returns and values have...

The death of privity: recent decisions.
July 1, 1998... The historical question that has arisen in many lawsuits involving appraisers and other professionals is the issue of whether privity (some connection or relationship) between the plaintiff and defendant must exist for the plaintiff to assert his...

The appraiser's role in zoning litigation.
July 1, 1998... Zoning ordinances and comprehensive plans are typically made up of text and map elements. Rezoning requires changing both the land use and zoning maps, but the ordinance texts are typically general enough not to require modification. In some...

Using the sales comparison approach to value precious metal minerals.
July 1, 1998... Precious metals fluctuate in price, just as other commodities do. When metal prices are reasonably high, ores such as silver, gold, lead, copper, and zinc are acquired in real property form as future mining possibilities. From time to time, it is...

Apartment rents - is there a "complex" effect?
July 1, 1998... As appraisers in the field seek to improve their appraisal techniques and software packages offer a greater variety of statistical capability at lower prices, appraisers' ability to refine the adjustment process continues to improve. By improving...

Appraising proposed marina dry stack storage.
July 1, 1998... The multistory storage of boats on a site can provide additional revenue to a marina if land is scarce and further slip expansion is impossible. This method of storage is called a dry stack and "can be built up to five levels high. Boats are...

Subdivision development: bridging theory and practice. (includes appendix)
July 1, 1998... A fairly common assignment for a commercial real estate appraiser is valuing a large tract of land proposed for development as smaller parcels. Subdivision development, the general term covering this type of activity, entails splitting a large...

Implications for appraisers in multifamily housing for the disabled.
July 1, 1998... Legislation pertaining to discrimination in multifamily dwelling units is found under the Fair Housing Act section of the Civil Rights Act of 1968,(1) and subsequent amendments, which protect against discrimination based on race, color, religion,...

Using contingent value approach for natural resource and environmental damage applications.
July 1, 1998... One of the strengths of the appraisal process is the three approaches generally used in valuing real estate. When independent data is used in the three approaches, the reliability and validity of the final estimate of value is substantially more...

Property investment analysis using adjusted present values: modifications.
July 1, 1998... The first published example of how to use the adjusted present value (APV) method in a real estate investment context was published by Stuart Locke in The Appraisal Journal.(1) Locke introduced APV as a conceptually robust valuation procedure,...

Appraising outdoor advertising signs: a critical analysis.
July 1, 1998... In 1994, the Appraisal Institute published a monograph written by Donald T. Sutte (The Appraisal of Outdoor Advertising Signs), and in the foreword claimed, "This text provides all the information an appraiser needs to know about these...