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

Product Details

Completely updated to meet the new 2008 qualifying education requirements, this ever-popular appraisal book continues to provide a thorough outline of the most up-to-date appraisal theory and practice for students, real estate professionals and consumers. 504pp.

Users will find both simple and complex subjects are covered in terms easy to understand and accurate. This book references and explains the Uniform Standards of Professional Appraisal Practice (USPAP), introducing all of the appraisal related topics listed in educational requirements for universal state licensing and certification.

Basic Real Estate Appraisal: Principles and Procedures, 7th Edition reflects all the new education requirements for appraiser licensing and certification. PLUS, students will now gain practical experience using the reporting methods and forms commonly used in everyday appraisal practice by completing applications using a student version of "Clickforms" available on CD-ROM in each book.

Features:

• 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.

New To This Edition:

• 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.
• Additional Resources - Online teaching resources and product updates are provided online at academic.cengage.com/realestate/betts.

• 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.