Articles for Bolton & Baer Ltd. and Bolton Real Estate Consultants, Ltd.

There is ongoing controversy among real estate appraisers concerning the methods used in appraising linear rights-of-way. This paper looks at two competing approaches most often the subject of these debates: at-the-fence valuation and corridor valuation. These methods are examined and analyzed, and the most appropriate approach is outlined. The paper also provides a look at the ongoing evolution of Texas case law regarding the acceptability of corridor valuation methods. View complete article ...

A general review of major scientific and appraisal writings since 1993 on the subject of electromagnetic field radiation (EMF) and its effect on real property value are presented. A brief examination of current cases, statutes and municipal regulations is included, and the pros and cons of corridor valuation for expansion of existing utility easements are explored. View complete article [ Adobe Acrobat pdf file, 56kb ]

Can an appraiser vary the appraisal success depending upon the client’s instructions? An answer is given based on legal interpretation, governmental regulations, type of interest being appraised, instruction/advice from third-party experts and the type of value sought depending on the appraisal problem. View complete article [ Adobe Acrobat pdf file, 28kb ]

The title of this presentation suggests that an exclusion of intangibles from property will necessarily include a determination of the tangible portion of real estate. Since this determination is usually made on the basis of the property owner’s interest or in the interest of the appraisal district, the opportunity for disagreement is apparent. The Dictionary of Real Estate Appraisal, Appraisal Institute, 3rd Addition, defines these terms as follows: Intangible Property - Non-physical items

A review of the real estate and appraisal literature, scientific and case studies, and court cases is presented, and both traditional and new appraisal procedures are applied for establishing land values adjacent to power lines. View complete article [ Adobe Acrobat pdf file, 52kb ]