Real Estate Appraisal in a Nutshell / James Innes Stewart.

Format:

Book

Author/Creator:

Innes Stewart, James, Author.

Series:

Heritage

Language:

English

Subjects (All):

Real property--Valuation--Canada.

Real property.

Canada.

Physical Description:

1 online resource (xiv, 248 pages)

Edition:

2d ed.

Place of Publication:

Toronto : University of Toronto Press, [2019]

Language Note:

In English.

Summary:

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.

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

Notes:

"Reprinted in 2018"--Title page verso.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019)

ISBN:

1-4875-7452-5

OCLC:

1129209039