Real Estate Principles: A Value Approach - Rilegato

Ling, David; Archer, Wayne

Rilegato

ISBN 10: 0073377341 ISBN 13: 9780073377346

Casa editrice: McGraw-Hill Education, 2012

Riassunto

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.

Su questo libro

L'autore:

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.

Contenuti:

Part 1: Setting the Stage

1.The Nature of Real Estate and Real Estate Markets

Part 2: Legal and Regulatory Determinants of Value

2.Legal Foundations to Value

3.Conveying Real Property Interests

4.Government Controls and Real Estate Markets

Part 3: Market Valuation and Appraisal

5.Market Determinants of Value

6.Forecasting Ownership Benefits and Value: Market Research

7.Valuation Using the Sales Comparison and Cost Approaches

8.Valuation Using the Income Approach

Part 4: Financing Home Ownership

9.Real Estate Finance: The Laws and Contracts

10.Residential Mortgage Types and Borrower Decisions

11.Sources of Funds for Residential Mortgages

Part 5: Brokering and Closing the Transaction

12.Real Estate Brokerage and Listing Contracts

13.Contracts for Sale and Closing

Part 6: Time, Opportunity Cost, and Value Decisions

14.The Effects of Time and Risk on Value

15.Mortgage Calculations and Decisions

Part 7: Financing and Investing in Commercial Real Estate

16.Commercial Mortgage Types and Decisions

17.Sources of Commercial Debt and Equity Capital

18.Investment Decisions: Ratios

19.Investment Decisions: NPV and IRR

20.Income Taxation and Value

Part 8: Creating and Maintaining Value

21.Enhancing Value through Ongoing Management

22.Leases and Property Types

23.Development: The Dynamics of Creating Value

Glossary

Photo Credits

Index

Su questa edizione

• Editore: McGraw-Hill Education
• Data di pubblicazione: 2012
• ISBN 10: 0073377341
• ISBN 13: 9780073377346
• Rilegatura: Copertina rigida
• Numero edizione: 4
• Numero di pagine: 671