Appraisal Journal articles from October 1992

Appraisal Journal archives from October 1992

The business value of super-regional shopping centers and malls.
October 1, 1992... Standard Rule 1-2(e) of the Uniform Standards of Professional Appraisal Practice (USPAP) requires appraisers to "identify and consider any personal property, fixtures or intangible items that are not real property but are included in the...

The impact of hazardous and toxic material on property value: revisited.
October 1, 1992... In "The Impact of Hazardous and Toxic Materials on Property Value," I presented a theory about the ways in which contaminants influence property value as well as a method to quantify such influences.(1) The value of property may be affected both...

Cross-examination: how to protect yourself and the appraisal report. (appraisers as expert witnesses)
October 1, 1992... Facing cross-examination is the greatest concern that a typical expert witness has when preparing to give direct testimony concerning a valuation report. The key to successfully withstanding cross-examination is adequate preparation and...

Geographic information systems: applications for the study of real estate.
October 1, 1992... In recent years, Geographic Information Systems (GIS) software has been developed for use on microcomputers. There are numerous applications for GIS in real estate appraisal and market research. For example, appraisers frequently examine price...

The scientific method and the appraisal process.
October 1, 1992... Most appraisers would agree that the valuation profession would be advanced and its stature enhanced if appraisers were to strive for a higher degree of reliance on the scientific method, thus increasing the precision of value estimates....

User-friendly appraisal reports.
October 1, 1992... This article aims to assist appraisers in preparing user-friendly appraisal reports for financial institutions. The focus is appraisal reports that involve income-producing properties affected by the minimum appraisal standards of the...

Valuation of participating mortgage interests.
October 1, 1992... Participating mortgages can be relatively simple instruments or highly complex ones. Their common characteristic is the mortgagee's exchange of a guaranteed return for uncertain future benefits that are based on the performance of the underlying...

Site attributes in retail leasing: an analysis of a fast-food restaurant market. (includes appendix)
October 1, 1992... Retail leasing agents and shopping center developers often market their available space to potential tenants by describing its desirable characteristics--great location, good access and parking, fine visibility, high traffic counts, and...

Investment return and risk.
October 1, 1992... An article in Barron's by Andy Zipser, "Considering the Alternatives: Comparing the Performance of 16 Different Investments,"(1) discusses research by Barton Biggs and Eugene Chung at Morgan Stanley that provided the mean rate of return and the...

Income capitalization problems.
October 1, 1992... Determining an appropriate method and yield rate to estimate the value of income-producing property can be a problem. The structure of the generally accepted appraisal approach is simple enough, expressed by the brief formula that indicates the...