Appraisal Journal articles from October 1997

Appraisal Journal archives from October 1997

Defining and allocating going-concern value components.
October 1, 1997... The information in this article is intended to apply primarily to the valuation of smaller, closely held (not publicly traded) going-concerns in which real estate is a significant asset (typically owned in fee simple); however, most of these...

Appraisal reliability and the sales comparison approach.
October 1, 1997... Much has been written on the use of the sales comparison approach to real property valuation. Scores of articles range from the use of economic indicators in the sales comparison approach(1) to the use of multivariate regression analysis(2) and...

Using GIS to improve estimates of future retail space demand. (geographic information system)
October 1, 1997... The purpose of this article is to demonstrate how geographic information system (GIS) databases can improve the accuracy of demand forecasts for general retail space. Appraisers often receive assignments to estimate the market value of retail...

New requirements for the appraisal expert witness.
October 1, 1997... The 1993 U.S. Supreme Court decision in Daubert v. Merrill Dow Pharmaceuticals(1) altered the admissibility of scientific evidence in court cases by requiring the judge to evaluate the scientific method used by the expert witness. Since the...

The appraiser and the takings regulation
October 1, 1997... The private property takings issue was first addressed in the Fifth Amendment to the U.S. Constitution, which reads in part, "not shall private property be taken for public use, without just compensation." In the context of the times, that...

Selecting the appropriate frequency of discounting.
October 1, 1997... Like myriad other subjective concepts in the appraisal profession, the proper selection of frequency of discounting in income capitalization analysis is an open topic for discussion. The most common types of frequency of discounting are...

Vacancy rates and reasonableness.
October 1, 1997... The concept that the traditional three approaches are independent ways of viewing value has generally been disproved, with the exception of single-family residential appraising. Especially in the area of investment-grade real estate, the monetary...

Resort timeshares as an investment.
October 1, 1997... Like most inventions, timesharing was born out of necessity. Thirty years ago, a property investor wanted a resort ski lodge in the French Alps but simply could not afford one. Undaunted, he proceeded to gather a group of friends and...

Impact of a toxic waste Superfund site on property values.
October 1, 1997... Uniontown, located in the northeast portion of Ohio just north of Canton and a little southeast of Akron, has a population of approximately 10,000. The 30-acre landfill known as the industrial excess landfill (IEL) is about one mile south of the...