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 decisions 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.
PART 1: SETTING THE STAGE?
Chapter 1: The Nature of Real Estate and Real Estate Markets?
PART 2: LEGAL AND REGULATORY DETERMINANTS OF VALUE?
Chapter 2: Legal Foundations to Value?
Chapter 3: Conveying Real Property Interests?
Chapter 4: Government Controls and Real Estate Markets?
PART 3: MARKET VALUATION AND APPRAISAL?
Chapter 5: Market Determinants of Value
Chapter 6: Forecasting Ownership Benefits and Value: Market Research?
Chapter 7: Valuation Using the Sales Comparison and Cost Approaches?
Chapter 8: Valuation Using the Income Approach?
PART 4: FINANCING HOME OWNERSHIP?
Chapter 9: Real Estate Finance: The Laws and Contracts?
Chapter 10: Residential Mortgage Types and Borrower Decisions?
Chapter 11: Sources of Funds for Residential Mortgages?
PART 5: BROKERING AND CLOSING THE TRANSACTION?
Chapter 12: Real Estate Brokerage and Listing Contracts?
Chapter 13: Contracts for Sale and Closing?
PART 6: TIME, OPPORTUNITY COST, AND VALUE DECISIONS?
Chapter 14: The Effects of Time and Risk on Value?
Chapter 15: Mortgage Calculations and Decisions?
PART 7: FINANCING AND INVESTING IN COMMERCIAL REAL ESTATE?
Chapter 16: Commercial Mortgage Types and Decisions?
Chapter 17: Sources of Commercial Debt and Equity Capital
Chapter 18: Investment Decisions: Ratios?
Chapter 19: Investment Decisions: NPV and IRR?
Chapter 20: Income Taxation and Value
PART 8: CREATING AND MAINTAINING VALUE
Chapter 21: Enhancing Value Through Ongoing Management?
Chapter 22: Leases and Property Types?
Chapter 23: Development: The Dynamics of Creating Value?
