The end of appraisal
Article Abstract:
New 'de minimis' loan standards, minimal standards for small loans, could result in poor appraisals. The loan sizes, $1 million for commercial and $250,000 for residential, would not require appraisals that comply with federal standards. Appraisals would be 'evaluations' of property by lending officers or anyone the lending institution deemed adequate. These new standards are the result of the differences between various industry groups about what an appraisal should include.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Current issues in land valuation
Article Abstract:
Land valuation techniques are changing because of rising land use restrictions, suburban growth control movements, environmental impact assessments and downzoning. Popular techniques used in land valuation include current-value accounting and the bundle-of-rights theory, which adds or deducts property rights from market baselines. Appraisers can also value land by analyzing property rights that alter value, such as commercial zones and residential land.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Estimating value in an illiquid market
Article Abstract:
Real estate appraisal has become increasingly difficult in the 1990s due to the illiquidity of the market. In a real estate market that is characterized by a lack of sales activity, real estate appraisers should use discount cash flow (DCF) analysis over a limited time horizon. However, the lack of real research and the antipathy of interest between buyers and sellers complicates the use of the DCF technique.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The explosion of commercial property securitization. Calculating residual value in DCF analyses. The misuse of DCF analysis
- Abstracts: The economics of nonprofit housing producers. Capital markets issues for senior housing. Appraising variable rate tax-exempt bond financing
- Abstracts: Intra-family sales and lease-backs of residences. Can a homeowner deduct the garage?