Basic Real Estate Appraisal, 6th Edition

Product Details

Mastering real estate appraisal has never been easier! Basic Real Estate Appraisal explains both simple and complex real estate concepts in ways you can understand and apply. And with its special sections on universal state licensing and certification, you'll be prepared to succeed both in class and in the real world. 480pp.

• Incorporates recent changes to the Uniform Standards of Professional Appraisal Practice, including changes to the reporting and analysis of prior sales, confidentiality requirements, and appraisal reporting.
• Updates the education and experience requirements for appraiser licensing and certification.
• Increases emphasis on the importance of the Scope of Work concept used by appraisers and their clients to define the work to be performed.
• Expands the discussion of computer use in modern appraisal practice.
• Expands discussion of alternate appraisal report forms, including presenting a FNMA 2055 form.
• Updates information on professional appraisal organizations, key vendor names, and useful web sites.
• Online resources and updates provided at http://betts.swlearning.com
• Includes links to current online appraisal forms and software programs.

Table of Contents

• I. Meeting the Authors
• II. Preface
• III. Acknowledgments
• 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
• IV. Answers to Reviewing Your Understanding
• V. Glossary
• VI. Index