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Basic Real Estate Appraisal: Principles and Procedures (with CD-ROM) » (7th Edition)

Book cover image of Basic Real Estate Appraisal: Principles and Procedures (with CD-ROM) by Richard M. Betts

Authors: Richard M. Betts, Silas J. Ely
ISBN-13: 9780324652611, ISBN-10: 0324652615
Format: Paperback
Publisher: Cengage Learning
Date Published: September 2007
Edition: 7th Edition

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Author Biography: Richard M. Betts

Richard M. Betts is a California Certified Real Estate Appraiser and consultant in Berkley, California where he earned both his Bachelors and Masters degree at the University of California. Betts has extensive experience as a fee appraiser, including expert-witness appraisal before various superior courts and assessment appeal boards. Betts holds the professional designations MAI, SRA and ASA (Real Estate) and is a member of the Appraisal Institute and the American Society of Appraisers.

Silas J. Ely received his B.A. Political Science, Real Estate Certificate and California Real Estate Teachers Credential from UCLA.

Book Synopsis

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."

Table of Contents

Meeting the Authors
Preface
Acknowledgments
Ch. 1Real Estate Appraisal and You1
Ch. 2Legal Considerations in Appraisal14
Ch. 3The Formal Appraisal Process36
Ch. 4Focus on Neighborhood, Community, and Market62
Ch. 5Real Estate Economics and Value94
Ch. 6Property Inspection and Analysis: The Site118
Ch. 7Property Inspection and Analysis: The Improvements158
Ch. 8The Sales Comparison Approach186
Ch. 9Analyzing and Adjusting Comparable Sales214
Ch. 10Valuing the Site248
Ch. 11Introducing the Cost Approach272
Ch. 12Estimating Loss in Value: Accrued Depreciation298
Ch. 13The Income Approach320
Ch. 14Income Capitalization: Rates and Techniques350
Ch. 15Reconciling the Value Estimates384
Ch. 16Reporting Appraisal Opinions396
Ch. 17Appraising Special Ownerships and Interests435
Ch. 18The Professional Appraiser463
Answers to Reviewing Your Understanding Questions487
Glossary491
Uniform Standards of Professional Appraisal Practice (Excerpts)510
Index523

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