Real Estate Principles : A Value Approach

by Ling, David C.; Archer, Wayne R.

• ISBN13: 9780072824636
• ISBN10: 0072824638
• Additional ISBN(s): 9780073196145
• Format: Hardcover
• Copyright: 2004-02-13
• Publisher: McGraw-Hill/Irwin
• More Book Details

Summary

Real Estate Principles explores principles of today's changing real estate market, with a strong focus on understanding how property values are created, maintained, increased, or destroyed. Key issues covered include financing requirements and alternatives; legal and tax considerations; when and how to divest a property; when and how to lease, buy, or mortgage a property acquisition; and more.

Author Biography

David C. Ling is a professor, and Wayne Archer is an associate professor, in the department of finance, insurance, and real estate at the University of Florida (Gainesville, FL).

Table of Contents

Part 1: SETTING THE STAGE

1. The Nature of Real Estate and Real Estate Markets

2. Value and Real Estate Decisions

3. The Effects of Time and Risk on Value

Part 2: SOURCES AND LIMITATIONS TO VALUE

4. Legal Foundations of Value

5. Market Determinants of Value

6. Government Controls and Real Estate Markets

7. Forecasting Ownership Benefits and Value

Part 3: MARKET VALUATION AND APPRAISAL

8. Valuation Using the Sales Comparison and Cost Approaches

9. Valuation Using the Income Approach

Part 4: FINANCING REAL ESTATE OWNERSHIP

10. Real Estate Finance Law: The Rules of the Mortgage Finance Game

11. Mortgage Mechanics and Calculations

12. Residential Mortgage Types and Borrower Decisions

13. Sources of Funds for Residential Mortgages

14. Commercial Mortgage Types and Decisions

15. Sources of Commercial Debt and Equity Capital

Part 5: INVESTMENT VALUATION

16. Valuing Investment Opportunities

17. Enhancing Value through Ongoing Management

Part 6: ACQUIRING AND DISPOSING OF OWNERSHIP INTERESTS

18. Conveying Real Property Interests

19. Real Estate Brokerage and Listing Contracts

20. Contracts for Sale and Closing

Part 7: ADVANCED TOPICS

21. Leases and Property Types

22. Income Taxation and Value

23. Risk Management in a Portfolio Context

24. Development: The Dynamics of Creating Value