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.
New Features
- To motivate readers and to illustrate the process of real estate decision making, pedagogical stories have been incorporated in strategic chapters.
- Virtually all “Industry Issues” boxes have been updated.
- The book’s website has been expanded to include chapter appendices, solutions to selected problems, and a library of standard real estate forms (closing statements, loan applications, etc.).
- The test bank has been extended to include at least 25 questions per chapter, and the instructor’s manual now offers more teaching tips and aids.
- The direct use of discounting and other time-value-of-money techniques has been removed from a number of chapters, allowing the book to more easily be used by students with little or no background in time-value-of-money techniques.
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