Art of Real Estate Appraisal

Product Details

This cogent, straightforward explanation of the residential single-family home appraisal process is written for home owners, investors, and real estate agents who are not appraisers but who want to undersstand the methods the professionals use. It offers clear, comprehensive information on a timely topic, showing in practical terms how to figure out what a home is worth. It covers the three types of appraisals--sales comparison, cost, and income capitalizations--and includes data collection worksheets and sample forms.

Table of Contents

• Preface .
• Introduction.
• Real Estate and Its Appraisal.
• The Real Estate Marketplace.
• The Appraisal Process.
• Data Collection and the Data Bank.
• Residential Construction and Home Inspection.
• The Sales Comparison Approach.
• Site Valuation.
• The Cost Approach.
• The Income Capitalization Approach.
• Reconciliation and the Appraisal Report.
• Appendix A: Calculating Area.
• Appendix B: The Value of Home Improvements.
• Appendix C: Anatomy of a House.
• Glossary.
• Index.