James F. Bailey, a Lexington, Kentucky native, has been a full-time real estate appraiser since 1972. His assignments have included expert witness testimony in Federal and Circuit Courts throughout Kentucky, with more than 200 court appearances. The majority of court appearances involved more than 500 “Before and After” appraisals for highway condemnation proceedings or diminution in value. Additional assignments include appraisals for domestic relations, bankruptcy, estates, historical properties, property damage including stigma, and diminution in value estimates to conform to Kentucky law. In 2014, Mr. Bailey appraised a $27,000,000 student housing project in Richmond, Kentucky. Mr. Bailey has been a guest lecturer at former Justice James E. Keller’s Family Law class at the University of Kentucky regarding "Travis" appraisal methodology.
Bailey Appraisal Service specializes in appraisal assignments that include market value estimates for all types of properties including, residential, multi-family, retail, commercial, professional, industrial, and farms, with emphasis on income-producing and special purpose properties. Properties appraised range from “Ashland”, the estate of Henry Clay, to the air rights above the Lexington/Fayette Urban County Transit Center. Currently, his practice is devoted almost entirely to litigation support.