Appraisal Journal articles from July 1999

Appraisal Journal archives from July 1999

What affects mobile homes sales price?
July 1, 1999... According to U.S. Department of Housing and Urban Development (HUD) data, mobile homes (also commonly called manufactured homes) comprise an average of 29% of single-family new residential homes over the past two decades.(1) This makes them an...

How to analyze land values in the luxury market.
July 1, 1999... If the first rule in appraising is to identify the subject property, then the second is to identify the variables impacting the subject property. The three most important factors impacting a site are environmental, physical, and governmental -...

Billboard valuation without distortion: the Heathrow decision.(court case ruling)
July 1, 1999... Outdoor advertising (ODA) signs, excluding on-premise signs, come in a variety of types, sizes, and shapes. However, most people lump them into a single category known as billboards. In many parts of the country, billboards along busy streets...

The effect of pipeline ruptures on noncontaminated residential easement-holding property in Fairfax County.(Virginia)
July 1, 1999... Petroleum pipelines crisscross the United States, transporting natural gas and crude oil with partly and fully refined petroleum products from seaports and domestic oil production areas to refineries or pipeline and marketing terminals. The...

Determinants of vacant land values and implications for appraisers.
July 1, 1999... When real estate professionals, especially appraisers, are called on to appraise land, they must determine the effects and importance of area factors such as distance to the central business district (CBD) and population, as well as traditional...

How North American appraisers value contaminated property and associated stigma.
July 1, 1999... Since 1984, a rich and diverse body of literature has developed in U.S. and Canadian journals suggesting how properties with known or suspected on-site contamination should be valued. Only a few papers have also shown the application of the...

Computer-assisted real estate appraisal: a tool for the practicing appraiser.
July 1, 1999... A computer-assisted real estate appraisal system (CAREAS) is an automated valuation model (AVM). It is not a "black box," but a computer program that quickly, accurately, and consistently mimics the comparable sales analysis using recognized...

The impact of AVMs on the appraisal industry.(automated valuation models)
July 1, 1999... The real estate industry recognizes that human error or bias even under the best of circumstances may influence the appraisal of properties using traditional approaches. The sales comparison approach is the most commonly used technique in the...

Valuing nature land in extinct markets.
July 1, 1999... A paradox in the appraisal of land suitable for environmental preservation in areas of sensitive natural resources is that there is a lack of open market value sales transactions but an abundance of nonmarket value sales evidence, which cannot...