Real Estate Valuation Basics 101
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Series: REAL ESTATE DUMBED DOWN 2016
Accurate real estate valuation is important to everyone involved in a real estate deal: mortgage lenders, investors, insurers, and, of course, buyers and sellers. The principal economic bases of property valuation include the cost for which a substitute property can be obtained; estimating future income of the property; how change (nearby development and other trends) affects value; how competition will affect profits; whether contemplated improvements will make a net contribution to value; whether the property’s use is in conformity with other activities in the area; supply and demand; and what the highest and best use of the land might be. This webinar also specifically dives into the three primary means of appraising commercial real estate: the cost approach, sales comparison approach, and the income capitalization approach.
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