Basic Real Estate Appraisal : Principles and Procedures

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  • Edition: 7th
  • Format: Paperback
  • Copyright: 2007-09-04
  • Publisher: Cengage Learning
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Mastering real estate appraisal has never been easier. This ever-popular resource, based on the authors combined wealth of both professional and academic experience, continues to provide a thorough outline of the most up-to-date appraisal theory and practice for students, real estate professionals and consumers. Both simple and complex subjects are covered in terms that are easy to understand and accurate. This book references and explains the Uniform Standards of Professional Appraisal Practice, introducing all of the appraisal related topics listed in educational requirements for universal state licensing and certification. Master real estate appraisal like a professional.

Table of Contents

Real Estate Appraisal and You
Legal Considerations in Appraisal
The Formal Appraisal Process
Focus on Neighborhood, Community, and Market
Real Estate Economics and Value
Property Inspection and Analysis: The Site
Property Inspection and Analysis: The Improvements
The Sales Comparison Approach
Analyzing and Adjusting Comparable Sales
Valuing the Site
Introducing the Cost Approach
Estimating Loss in Value: Accrued Depreciation
The Income Approach
Income Capitalization: Rates and Techniques
Reconciling the Value Estimates
Reporting Appraisal Opinions
Appraising Special Ownerships and Interests
The Professional Appraiser
Answers to Reviewing Your Understanding
Table of Contents provided by Publisher. All Rights Reserved.

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