Real Estate Principles: A Value Approach demonstrates how value is central to virtually all real estate decision-making, including whether and how to lease, buy, or mortgage a property acquisition; whether to renovate, refinance, demolish or expand a property; and when and how to divest (sell, trade, or abandon) a property. 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. Real Estate Principles: A Value Approach provides students and instructors with the most modern, engaging and attractive textbook available on the subject, with helpful pedagogical features unmatched by any other title.
Part 1: Setting the Stage
1. The Nature of Real Estate and Real Estate
Markets
2. Value and Real Estate Decisions Part 2: Legal and Regulatory
Determinants of Value
3. Legal Foundations to Value
4. Conveying Real
Property Interests
5. Government Controls and Real Estate Markets Part 3:
Market Analysis and Appraisal
6. Market Determinants of Value
7. Forecasting
Ownership Benefits and Value: Market Research
8. Valuation Using the Sales
Comparison and Cost Approaches
9. Valuation Using the Income Approach Part 4:
Financing Home Ownership
10. Real Estate Finance: The Laws and Contracts
11.
Residential Mortgage Types and Borrower Decisions
12. Sources of Funds for
Residential Mortgages Part 5: Brokering and Closing the Transaction
13. Real
Estate Brokerage and Listing Contracts
14. Contracts for Sale and Closing
Part 6: Time, Opportunity Cost and Value Decisions
15. The Effects of Time
and Risk on Value
16. Mortgage Calculations and Decisions Part 7: Financing
and Investing in Commercial Real Estate
17. Commercial Mortgage Types and
Decisions
18. Sources of Commercial Debt and Equity Capital
19. Investment
Decisions: Ratios
20. Investment Decisions: NPV and IRR
21. Income Taxation
and Value Part 8: Creating and Maintaining Value
22. Enhancing Value through
Ongoing Management
23. Leases and Property Types
24. Development: The
Dynamics of Creating Value
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.
