Basic Real Estate Appraisal : Principles and Procedures

by Betts,Richard M.

• ISBN13: 9780324652611
• ISBN10: 0324652615
• Edition: 7th
• Format: Paperback
• Copyright: 2007-09-04
• Publisher: Cengage Learning

Summary

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

Preface

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

Glossary

Index

Table of Contents provided by Publisher. All Rights Reserved.