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
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.
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. PLUSyou 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."
Meeting the Authors | ||
Preface | ||
Acknowledgments | ||
Ch. 1 | Real Estate Appraisal and You | 1 |
Ch. 2 | Legal Considerations in Appraisal | 14 |
Ch. 3 | The Formal Appraisal Process | 36 |
Ch. 4 | Focus on Neighborhood, Community, and Market | 62 |
Ch. 5 | Real Estate Economics and Value | 94 |
Ch. 6 | Property Inspection and Analysis: The Site | 118 |
Ch. 7 | Property Inspection and Analysis: The Improvements | 158 |
Ch. 8 | The Sales Comparison Approach | 186 |
Ch. 9 | Analyzing and Adjusting Comparable Sales | 214 |
Ch. 10 | Valuing the Site | 248 |
Ch. 11 | Introducing the Cost Approach | 272 |
Ch. 12 | Estimating Loss in Value: Accrued Depreciation | 298 |
Ch. 13 | The Income Approach | 320 |
Ch. 14 | Income Capitalization: Rates and Techniques | 350 |
Ch. 15 | Reconciling the Value Estimates | 384 |
Ch. 16 | Reporting Appraisal Opinions | 396 |
Ch. 17 | Appraising Special Ownerships and Interests | 435 |
Ch. 18 | The Professional Appraiser | 463 |
Answers to Reviewing Your Understanding Questions | 487 | |
Glossary | 491 | |
Uniform Standards of Professional Appraisal Practice (Excerpts) | 510 | |
Index | 523 |