Basic Real Estate Appraisal: Principles and Procedures, 7th Edition

Learn the fundamentals of real estate appraisal from a professional. Basic Real Estate Appraisal, 7e makes it easy providing a clear overview of the profession and basic appraisal techniques. Completely updated to meet the new 2008 qualifying education requirements, this popular real estate appraisal book provides a thorough outline of fundamental real estate appraisal theory and practice.

Like so many previous users, you'll appreciate the clear step-by-step calculations with detailed explanations in addition to how simple and complex subjects are covered in easy-to-understand terms. Practical examples throughout illustrate real-life situations real estate appraisers will encounter in everyday practice.

PLUS – you will gain valuable on-the-job experience completing applications using the popular "Clickforms" software used throughout the real estate appraisal industry. This book also references and explains the Uniform Standards of Professional Appraisal Practice (USPAP), introducing all of the appraisal related topics listed in new educational requirements for universal state licensing and certification.

Features:

• CD-ROM Included - The student CD-ROM included with the book provides a student version of "Clickforms" ? a well-known and very popular appraisal software for completing appraisal applications.
• Abundant Applications - "Clickforms" exercises have been added along with updated applications to enable students to gain practical experience using the reporting methods and forms commonly used in everyday appraisal practice.
• Self-paced Format - Key concepts, important terms, and chapter review questions with answers at the end of the book facilitate independent learning and mastery review.
• Valuable Glossary - The comprehensive glossary lists terms used in appraisal, finance and general real estate providing a handy reference.

Table of Contents:

• Preface.
• 1. Real Estate Appraisal and You.
• 2. Legal Considerations in Appraisal.
• 3. The Formal Appraisal Process.
• 4. Focus on Neighborhood, Community, and Market.
• 5. Real Estate Economics and Value.
• 6. Property Inspection and Analysis: The Site.
• 7. Property Inspection and Analysis: The Improvements.
• 8. The Sales Comparison Approach.
• 9. Analyzing and Adjusting Comparable Sales.
• 10. Valuing the Site.
• 11. Introducing the Cost Approach.
• 12. Estimating Loss in Value: Accrued Depreciation.
  
• 13. The Income Approach.
• 14. Income Capitalization: Rates and Techniques.
• 15. Reconciling the Value Estimates.
• 16. Reporting Appraisal Opinions.
• 17. Appraising Special Ownerships and Interests.
• 18. The Professional Appraiser.
• Answers to Reviewing Your Understanding.
• Glossary.
• Index.