Real Estate Principles: A Value Approach - Wayne Archer

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Auteur(s) : Wayne Archer - David Ling

Editeur : Mcgraw Hill Book Co

Langue : Anglais

Parution : 01/02/2017

Format : Moyen, de 350g à 1kg

Nombre de pages : 704

Expédition : 1678

Dimensions : 27.9 x 22.1 x 3.0

ISBN : 9780077836368

Résumé :
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.

Biographie:
David C. Ling (Ph.D, 1984, and MBA, 1977, The Ohio State University) is the William D. Hussey Professor of Real Estate and the Director of the Real Estate Research Center in the Warrington College of Business Adminstration and Graduate School of Business at the University of Florida. Professor Ling serves on numerous editorial boards including the Journal of Housing Economics, Real Estate Economics, The Journal of Real Estate Research, and Real Estate Finance. He has provided research and consulting services to several state and national organizations including the Federal National Mortgage Association, the National Association of Home Builders, the National Association of Realtors, and the Florida Association of Realtors. He is a Fellow of the Homer Hoyt Institute and board member of the Real Estate Research Institute.

Sommaire:
Part 1: Setting the Stage1.The Nature of Real Estate and Real Estate MarketsPart 2: Legal and Regulatory Determinants of Value2.Legal Foundations to Value3.Conveying Real Property Interests4.Government Controls and Real Estate MarketsPart 3: Market Valuation and Appraisal5.Market Determinants of Value6.Forecasting Ownership Benefits and Value: Market Research7.Valuation Using the Sales Comparison and Cost Approaches8.Valuation Using the Income ApproachPart 4: Financing Home Ownership9.Real Estate Finance: The Laws and Contracts10.Residential Mortgage Types and Borrower Decisions11.Sources of Funds for Residential MortgagesPart 5: Brokering and Closing the Transaction12.Real Estate Brokerage and Listing Contracts13.Contracts for Sale and ClosingPart 6: Time, Opportunity Cost, and Value Decisions14.The Effects of Time and Risk on Value15.Mortgage Calculations and DecisionsPart 7: Financing and Investing in Commercial Real Estate16.Commercial Mortgage Types and Decisions17.Sources of Commercial Debt and Equity Capital18.Investment Decisions: Ratios19.Investment Decisions: NPV and IRR20.Income Taxation and ValuePart 8: Creating and Maintaining Value21.Enhancing Value through Ongoing Management22.Leases and Property Types23.Development: The Dynamics of Creating Value

Glossary

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Index