Real Estate Principles: A Value Approach - A Value Approach  (English, Paperback, Ling David)

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 Principals: A Value Approach, 2e 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 displace, giving way to a radically different set of player in mortgage finance. There has been change as well 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.

Salient Features 

• Updated Industry Issues: Industry issues have been updated throughout the book in boxed readings to reflect current issues and concerns in real estate. This is extremely important to have the most current issues for students with the recent real estate market always in the news. These boxes feature current and interesting real-world applications of the concepts discussed in the chapters.
• Updated appraisal chapters: Appraisal chapters updated to reflect changes in Uniforms Standards for Professional Appraisal Practice (USPAP) and Latest version of the Uniform Residential Appraisal Report (URAR)
• Complete revision of residential real estate finance: There has been a complete revision of residential real estate finance to reflect: Post-bust standards and practices; current types of home mortgages; new mix of mortgage lenders; new regulation of mortgage lending; current nature of home mortgage securitization; and continuing change in the home mortgage financing system.
• Revision of commercial capital markets and finance: Revision of commercial capital markets and finance has been integrated throughout the text to reflect changes in type of financing and sources of debt and equity capital.
• Enhanced focus of real estate analysis: Enhanced focus on the American Community Survey and other emerging electronic sources of data for real estate analysis.
• Simplified Organization: Chapter 2 and 23 has been redistributed
• Current Updates: The third edition has been updated to reflect the current income tax law and rates. Data has also been updated throughout the text as well as new and improved contract forms.
• Organization: The book is organized around the principle that understanding how property values are created, maintained, increased, or destroyed is the key to making sound investment decisions. Once value is established, all other concepts and principles of real estate analysis are built around it.
• Career Focus boxes: Career Focus boxes provide students with valuable information on the many different career options available to them.