Abstract
The author was recently asked to make a presentation on the use of geographic information systems, commonly referred to as GIS, to a local chapter of the Appraisal Institute. The purpose was to show how an appraiser or appraisal reviewer could use GIS to find cases of white collar real estate scam. The items discussed at that presentation are covered in further detail in this paper.
Appraisers need to show the reasoning behind their value opinions by discussing important spatial relationships and their likely effect on value. Geographic information systems (GIS) can be used to analyze these relationships and to show why a client should select an appraiser who has this level of information.
Gilbert Castle has noted that real estate is essentially a game of information arbitrage. The likely winner of the game is the person that takes advantage of computerized analyses. Castle explains that GIS is an attention-getting way of showing what you......
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Approximate Word Count: 5047
Approximate Pages: 20 (260 words per double-spaced page) |