Real Estate Appraisal in a Nutshell / / James Innes Stewart.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Archive 1933-1999
• VerfasserIn: Innes Stewart, James,
• Place / Publishing House: Toronto : : University of Toronto Press, , [2019]; ©1972
• Year of Publication: 2019
• Language: English
• Series: Heritage
• Physical Description: 1 online resource (202 p.)

Since it first appeared in 1962 Real Estate Appraisal in a Nutshell has become an indispensable guide and reference manual for appraisers, teachers, and students of the subject, lawyers, accountants, real estate brokers, and salesmen, as well as interested property owners. The book is a simplified restatement of the theory and practice of appraising with particular reference to Canada; it concentrates on those aspects of the theory which are of practical importance and draws on examples basic in concept. This new edition brings the text completely up to date, taking into account changing economic conditions. Three new chapters discuss important developments in accepted appraisal theory: one discusses the Ellwood concept and related aspects of mortgage-equity analysis and capitalization; the other two examine the economic theory underlying real property value, explain the theory and its importance in the market, and suggest ways in which accepted appraisal theory can be made to conform with accepted economic theory. The simplicity of expression and example which made the first edition so popular has been retained in this revision and the discussions have been kept as brief and lucid as possible.

Table of Contents

Frontmatter -- Acknowledgements -- Prefaces -- Preface to the first edition -- Contents -- Introduction -- References -- 1. The appraiser and his work -- 2. The appraisal process and the three approaches -- 3. Real property and value -- 4. General, area and neighbourhood analysis -- 5. Materials and equipment -- 6. Property analysis -- 7. The market data approach -- 8. Valuation of the site -- 9. The cost approach -- 10. The income approach, gross rental and operating expenses -- 11. The income approach (continued), Capitalization rates -- 12. The income approach (concluded), Methods of capitalization and the residual techniques -- 13. Final correlation and the appraisal report -- 14. Mortgage-equity capitalization -- 15. Economics of real property -- 16. An economist looks at appraisal theory -- Compound interest tables -- Index -- Index of authors -- Index of cases