Real Estate Principles: A Value Approach

Hardcover | December 18, 2012

byDavid Ling, Wayne Archer

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Real 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 decision 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 every aspect of real estate investment, finance and transactions for the foreseeable future.

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From the Publisher

Real 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 ...

Format:HardcoverDimensions:10.9 × 8.7 × 1.3 inPublished:December 18, 2012Publisher:McGraw-Hill EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0073377341

ISBN - 13:9780073377346

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Extra Content

Table of Contents

Part 1: Setting the Stage

1.The Nature of Real Estate and Real Estate Markets

Part 2: Legal and Regulatory Determinants of Value

2.Legal Foundations to Value

3.Conveying Real Property Interests

4.Government Controls and Real Estate Markets

Part 3: Market Valuation and Appraisal

5.Market Determinants of Value

6.Forecasting Ownership Benefits and Value: Market Research

7.Valuation Using the Sales Comparison and Cost Approaches

8.Valuation Using the Income Approach

Part 4: Financing Home Ownership

9.Real Estate Finance: The Laws and Contracts

10.Residential Mortgage Types and Borrower Decisions

11.Sources of Funds for Residential Mortgages

Part 5: Brokering and Closing the Transaction

12.Real Estate Brokerage and Listing Contracts

13.Contracts for Sale and Closing

Part 6: Time, Opportunity Cost, and Value Decisions

14.The Effects of Time and Risk on Value

15.Mortgage Calculations and Decisions

Part 7: Financing and Investing in Commercial Real Estate

16.Commercial Mortgage Types and Decisions

17.Sources of Commercial Debt and Equity Capital

18.Investment Decisions: Ratios

19.Investment Decisions: NPV and IRR

20.Income Taxation and Value

Part 8: Creating and Maintaining Value

21.Enhancing Value through Ongoing Management

22.Leases and Property Types

23.Development: The Dynamics of Creating Value

Glossary

Photo Credits

Index