...Christian Janssen; Zan Yang An appraisal by an accredited appraiser is often necessary before a proposed development can receive a commitment for financing from a financial institution. Such pre‐construction appraisals are often more difficult to complete than those where the subject property...

...) remained unchanged to become the market price at which each property was sold, totalling $105.20 million. Accordingly, the case study comprised a rare opportunity to address those practical limitations referred to above, notably: © MCB UP Limited 1999 Appraisals Efficiency Negligence...

...William McCluskey; Sarabjot Anand Hybrid systems as the next generation of intelligent applications within the field of mass appraisal and valuation are investigated. Motivated by the obvious limitations of paradigms that are being used in isolation or as stand‐alone techniques such as multiple...

...Mats Ekelid; Hans Lind; Stellan Lundström; Erik Persson The article is based on a study of 100 appraisal reports from the period 1980‐1996, covering a full property cycle. A number of aspects related to uncertainty were investigated. Among the results are: The appraiser often used both a sales...

...Julian Diaz, III; J. Andrew Hansz Theory suggest that valuers will rely on previous values estimates in the face of greater market uncertainty. Nevertheless recent research has provided evidence that experienced real estate valuers (appraisers) working in geographic areas familiar to them may...

... with the exception of the inability to differentiate statistically the selection and rank distribution frequencies for the shopping centre case. Appraisals Banks Heuristics Real estate Real estate development and investment are highly complex interactions of developers, lenders, appraisers, advisers...

...William N. Kinnard; Margarita M. Lenk; Elaine M. Worzala Documents evidence of a loss of independence in the commercial appraisal industry in the USA. Utilizes a survey methodology to elicit the reactions of commercial appraisers to controlled scenarios of client pressure. This methodology...

... of these substantial errors and the model‐optimization costs incurred motivate a message of caution before artificial neural networks are adopted by the real estate valuation and/or lending industries. © MCB UP Limited 1997 Appraisals Methods of valuation Models Neural networks Property...

...Donald Moliver; Jess Boronico Reports the results of an empirical investigation conducted for the purposes of exploring the issue of unit selection and the sales comparison approach. The proximate motivation of this study was in determining how non‐reinforcing appraisal estimates may be addressed...

.... © MCB UP Limited 1996 Appraisals Housing Location Rent Shopping centres Values This paper focuses on the effect of both proximity and size of shopping centres on the value of surrounding residential properties. As with other sources of externalities, a shopping centre...

... Limited 1993 Appraisals Computerized valuation systems Singapore Taxation Valuation Property Taxation under Conditions of Rapid Urban Growth: the Singapore Experience Received: 31st January, 1993 Amy Lee Keywords: Property taxation rating computer-assisted mass appraisal Note...

...James A. Graaskamp Discusses the issues confronting the appraisal industry in the USA at the original date of publication (1986). Notes that there was an observable lack of effort by the relevant professional appraisal groups in the USA to provide a continuous and vigorous review of methodology...

...Graeme Newell; Steven Mooney Outlines the nature of the appraisal profession in the USA. Notes that the USA has moved towards industry self‐regulation via licensing and the establishment of minimum appraisal standards since 1990. Concludes that the role of the Appraisal Institute and the Appraisal...

...William Deddis Notes that the development appraisal seeks to establish the potential use value of land as a golf course. Points out that achieving optimum productivity may be seriously hampered by the“conservatism” of planning authorities reluctant to allow added value in the form of other...

... applicable to each situation are identified and discussed. Finally makes explicit the role of the developer in the context of the development process and the nature of feasibility analysis that is the most appropriate for developers as clients. © MCB UP Limited 1992 Appraisals Feasibility...

..., the appraisal methodology of the appraiser and the internal analysis of the investor. Concludes that the process of real estate appraisal is intrinsically linked to the cultural and statutory process of the subject market. Appraisals Real estate Open market value USA Valuation Investment Valuation...

... Limited 1992 Appraisals Feasibility Market Research Property development Real estate Valuation Fundamentals of Real Estate Development Originally published in 1981 James A. Graaskamp Keywords: Development appraisal property rights most probable use risk management feasibility...

...Patricia J. Marshall Traces the events which led up to the US savings and loan crisis. Discusses the role that the property appraiser played in the process. Concludes that the savings and loan crisis not only helped to identify chronic weakness and problems in the structure of the profession...

... multiple regression analysis (MRA) model. Concludes that the neural network model is an easy‐to‐use, black‐box alternative to the MRA model. © MCB UP Limited 1992 Apartments Appraisals Artificial intelligence Multiple regression analysis Neural networks Residential property management...

...Stephen Foster; Stanley Hamilton Presents a case study of the British Columbia Assessment Authority(BCAA) that has been a leader in the development of comprehensive data systems for use in mass appraisal. Uses this to illustrate a considered approach to addressing the issues. Reviews the types...