New York Real Estate for Salespersons, 5th e

1. New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning Chapter 12 Valuation Process and Pricing Properties

2. Chapter 12 The Valuation Process Chapter 12 Valuation Process and Pricing Properties

3. Chapter 12 Key Terms Appraisal Assessed value Comparative market analysis Cost/direct cost/indirect cost Cost approach Depreciation Evaluation Functional obsolescence Income approach Insured value Investment value Market value Chapter 12 Valuation Process and Pricing Properties

4. Chapter 12 Key Terms (continued) Mortgage value Plottage Price Sales comparison approach Valuation Value in use Chapter 12 Valuation Process and Pricing Properties

5. Types of Value $ Market $ Investment $ Insurance $ Value in use $ Assessed $ Mortgage Most appraisals estimate market value Chapter 12 Valuation Process and Pricing Properties

6. Evaluation Chapter 12 Valuation Process and Pricing Properties

7. Market Value, Price and Cost Comparison Chapter 12 Valuation Process and Pricing Properties

8. Comparative Market Analysis(CMA) Analysis of the competition that a property will face upon sale attempts Properties currently on the market Recently sold properties Expired listings Withdrawn listings Chapter 12 Valuation Process and Pricing Properties

9. Residential Market Analysis Chapter 12 Valuation Process and Pricing Properties

10. Appraisal Approaches to Value Appraisal Unbiased estimate of value as of a certain date Sales comparison Cost Income Chapter 12 Valuation Process and Pricing Properties

11. Appraisal Reporting Chapter 12 Valuation Process and Pricing Properties