Appraisal Journal articles from March 2007

Appraisal Journal archives from March 2007

Armstrong/Kahn Award.(Boykin Realty Advisors, LLC)(Appraisal Journal)
March 22, 2007

History of the Armstrong/Kahn Award.(Awards list)
March 22, 2007

Improvements made by lessee are included in tax reassessment of property transferred subject to lease.(Tommy Hilfiger Retail, Inc.)
March 22, 2007

Testator intended land to be appraised at fair market value despite will's provisions.
March 22, 2007

Trade association not entitled to tax exemption for property used to train members.(Roller Skating Rink Operators Association )(Column)
March 22, 2007

Tax cap protecting homestead property requires initial assessment of the property's fair market value.(Stephen Krosschell )(Column)
March 22, 2007

Tax exemption based on organization's purpose, not source of its funding.(Totsland Preschool, Inc.)(Column)
March 22, 2007

Economic benefits alone are insufficient to justify the taking of property by eminent domain.(Rockwood Partners, Ltd.)
March 22, 2007

Zoning board cannot rely solely on industry standards to determine the constitutionality of local ordinances.(Land Displays, Inc.)
March 22, 2007

Highest and best use of property determines whether contiguous parcels are appraised separately or as single unit.
March 22, 2007

Solid foundation steadies uncertain economy.(FINANCIAL VIEWS)(Editorial)
March 22, 2007... Commentary As February 2007 came to a close, the national economy seemed to be plugging along. There were few signs that the economic picture would spring forward with a surge in activity, or fall back into the doldrums of recession. Then...

Municipal setting designations: a new tool for reducing environmental risk and cost effects on property values.(ENVIRONMENTAL AND THE APPRAISER)
March 22, 2007

Liability and the appraiser's property inspection.(LAW AND THE APPRAISER)
March 22, 2007... An appraisal starts when a representative of a financial institution, employee of a relocation company, homebuyer, seller, representative of an estate, lawyer, or some other party contacts the appraiser with a value-related question about real...

The valuer and his profession.(INTERNATIONAL APPRAISING)(Reprint)
March 22, 2007... In a complicated and expanding civilization such as ours the status and character of the learned or scientific professions become matters of great consequence. The importance of high standards of technical efficiency is obvious: but even more...

The evolution of appraiser ethics and standards.
March 22, 2007... ABSTRACT Clear, enforceable ethics and standards are one of the bases for a profession. It is the knowledge among practitioners of what the profession and society expects in terms of ethical behavior and competent performance that is the...

Some nightmares I have had--about ethics.(Reprint)(Column)
March 22, 2007... ABSTRACT Throughout the history of professions, there has been a struggle to balance the often-competing interests of the desire to be successful in business and the responsibility to the public trust; in short, money versus ethics. It is...

Seller disclosure and buyer knowledge: how they affect market value.
March 22, 2007... ABSTRACT Confirmation of sales data is critical to any appraisal but takes on additional importance when the purpose of the assignment is to measure the effects of a property condition such as contamination. Often, buyers of both...

Sales comparison adjustments for FHA and VA financing after deregulation.
March 22, 2007... ABSTRACT The objective of this study is to establish the adjustments needed for FHA- and VA-financed homes relative to conventionally financed homes. The effects of FHA and VA financing on home prices are determined using a hedonic...

Partitioning capitalization rates: operating leases in unitary valuation.
March 22, 2007... ABSTRACT Appraisers recognize that the overall capitalization rate must satisfy the market return requirements of all investment positions when using direct capitalization techniques. A common practice in the unitary method of property...

Trend report.(NOTES AND ISSUES)(Editorial)
March 22, 2007... Each quarter, the Appraisal Institute's Lum Library issues its Trend Report for appraisal literature. (1) The Trend Report offers a quantitative and qualitative look at trends affecting the real estate appraisal industry by examining the topics...

Memories of "Bob" Armstrong.(A LOOK BACK)(In memoriam)(Reprint)
March 22, 2007... To say that this amazing man, Robert Helms Armstrong, was prolific is putting it mildly--he was a prolific worker, a prolific speaker, a prolific writer and a prolific creator of ideas. In 1945 he assumed full responsibility for this...

50+ years of appraising.(A LOOK BACK)
March 22, 2007... The year 2007 marks my 54th year appraising real estate. Thinking about this milestone has induced me to take a backward glance, to compare where the practice was in 1953 with where it is now. These thoughts lead to a conclusion that there...

SRA memories--my appraisal career.(A LOOK BACK)(Column)
March 22, 2007... My appraisal career began in 1964 while I was selling real estate and appraising for the Georgia Board of Realtors. The Board was the only source of appraisals at that time and few sales people wanted to or would bother to make appraisals. ...

Keys to Investing in Real Estate, 4th Edition.(Book review)
March 22, 2007... Keys to Investing in Real Estate, 4th Edition by Jack P. Friedman and Jack C. Harris Published by Barron's, New York, 2005, 202 pages $7.99, softcover Keys to Investing in Real Estate is part of Barron's Business Keys series. The...

Barron's Real Estate Handbook, 6th Edition.(Book review)
March 22, 2007... Barron's Real Estate Handbook, 6th Edition by Jack E Friedman, Jack C. Harris, and Barry A. Diskin Published by Barron's, New York, 2005, 852 pages $55.00, hardcover Barron's Real Estate Handbook covers a potpourri of real estate...

Prepare to Profit.(Book review)
March 22, 2007... Prepare to Profit by Sheri Alford and Ahmet Ucmakli Published by Tam Tam Press, Murrietta, California, 2007, 140 pages $15.95, hardcover One of an appraiser's main jobs is to understand market participants, so if an appraiser is...