Real Estate » (13rd Edition)

This book is written and designed for anyone seeking a clear understanding of the many decisions involved in real estate. The intent is to create a mind set that will make it easier for the reader to understand the world of real estate, and how change and real estate values interact. The material is in four major parts covering important components of the decision-making process: value analysis; market dynamics and property development; finance; and law and brokerage. This edition makes Real Estate the longest continuously published book in real estate.

Booknews

A text for investors, practitioners, students, and anyone seeking an understanding of the world of real estate, with special focus on how change and real estate values interact. Each section takes up important components of the decision-making process as it is applied to real estate, covering value analysis, appraisal, property development, spatial economics, real estate finance, and law and brokerage. Learning features include chapter outlines, key terms, discussion questions, and case problems. For this 13th edition, chapter sequence has been changed to improve flow of presentation. Shilling is chair of Real Estate and Urban Land Economics at the University of Wisconsin. Annotation c. Book News, Inc., Portland, OR (booknews.com)

I. VALUE ANALYSIS. 1. Introduction. 2. Investment Environment. 3. Basic Valuation Concepts. 4. Risk and Return in Real Estate. 5. Federal Taxes Affecting Real Estate. 6. Mechanics of Fixed-Rate Mortgage Financing 7. Investment Analysis. 8. Administrative and Property Management Issues. 9. Disposition and Alienation Decisions. II. APPRAISAL. 10. Overview of the Appraisal Process. 11. Income-Property Analysis and Appraisal. 12. Appraising for Single-Family Properties. 13. Advanced Appraisal Topics. III. PROPERTY DEVELOPMENT. 14. Property Development Process. 15. Analysis for Property Development. 16. Land Development. 17. Advanced Property Development Issues. IV. SPATIAL ECONOMICS. 18. Spatial Economics and Urban Area Structure. 19. More About Urban Area Structure and Real Estate Markets. 20. Real Estate Market and Feasibility Analysis. V. REAL ESTATE FINANCE. 21. Debt and Equity Financing of Real Estate. 22. Real Estate Investment Trusts 23. Financing Homeownership. 24. Mortgage Underwriting. 25. Mortgage Securitization. IV. LAW AND BROKERAGE. 26. Property Descriptions and Public Records. 27. Real Property Rights and Interests. 28. Leasing and Lease Analysis. 29. Government Limitation to Ownership. 30. The Investor-Broker Relationship. 31. Brokerage Operations and Practices. 32. Contracts for the Purchase and Sale of Real Estate. 33. Title Assurances and Title Transfer. 34. Title Closing.