Description
Book SynopsisReal Estate Principles: A Value Approach demonstrates how value is central to virtually all real estate decision-making. Students using Ling and Archer should finish the course with a value-oriented framework and a set of valuation and decision-making tools that can be applied in a variety of real-world situations. The key to making sound investment decisions is to understand how property values are created, maintained, increased, or destroyed.
Since the launch of
Real Estate Principles: A Value Approach, significant and lasting changes have come upon the world of real estate. This is very true in real estate finance and capital sources where most of the traditional lenders have been transformed or displaced, giving way to a radically different set of players in mortgage finance. There has been change with profound and far-reaching implications in a world where it is understandable that property values can go down as well as up. This realization will color
Table of ContentsPART 1: SETTING THE STAGE
Chapter 1: The Nature of Real Estate and Real Estate Markets
PART 2: LEGAL AND REGULATORY DETERMINANTS OF VALUE
Chapter 2: Legal Foundations to Value
Chapter 3: Conveying Real Property Interests
Chapter 4: Government Controls and Real Estate Markets
PART 3: MARKET VALUATION AND APPRAISAL
Chapter 5: Market Determinants of Value
Chapter 6: Forecasting Ownership Benefits and Value: Market Research
Chapter 7: Valuation Using the Sales Comparison and Cost Approaches
Chapter 8: Valuation Using the Income Approach
PART 4: FINANCING HOME OWNERSHIP
Chapter 9: Real Estate Finance: The Laws and Contracts
Chapter 10: Residential Mortgage Types and Borrower Decisions
Chapter 11: Sources of Funds for Residential Mortgages
PART 5: BROKERING AND CLOSING THE TRANSACTION
Chapter 12: Real Estate Brokerage and Listing Contracts
Chapter 13: Contracts for Sale and Closing
PART 6: TIME, OPPORTUNITY COST, AND VALUE DECISIONS
Chapter 14: The Effects of Time and Risk on Value
Chapter 15: Mortgage Calculations and Decisions
PART 7: FINANCING AND INVESTING IN COMMERCIAL REAL ESTATE
Chapter 16: Commercial Mortgage Types and Decisions
Chapter 17: Sources of Commercial Debt and Equity Capital
Chapter 18: Investment Decisions: Ratios
Chapter 19: Investment Decisions: NPV and IRR
Chapter 20: Income Taxation and Value
PART 8: CREATING AND MAINTAINING VALUE
Chapter 21: Enhancing Value Through Ongoing Management
Chapter 22: Leases and Property Types
Chapter 23: Development: The Dynamics of Creating Value
