Ebook: Real Estate Valuation Theory

Real Estate Valuation Theory is organized around five categories of intellectual contribution to the whole-appraiser decision making and valuation accuracy, application of nontraditional appraisal techniques such as regression and the minimum-variance grid method, appraising contaminated property, ad valorem tax assessment, and new perspectives on traditional appraisal methods. One common thread is that all of the papers are exceptionally well written and thought provoking.

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Content:
Front Matter....Pages i-xxvi
Front Matter....Pages 1-1
Behavioral Research into the Real Estate Valuation Process: Progress Toward a Descriptive Model....Pages 3-29
Are Appraisers Statisticians?....Pages 31-43
The Components of Appraisal Accuracy....Pages 45-59
Front Matter....Pages 61-61
An Investigation of Property Price Studies....Pages 63-93
Comparison of the Accuracy of the Minimum-Variance Grid Method and the Least Squares Method — a Non-linear Extension....Pages 95-104
Error Trade-offs in Regression Appraisal Methods....Pages 105-131
Automated Valuation Models....Pages 133-156
A Note on the Hedonic Model Specification for Income Properties....Pages 157-180
Neural Network vs. Hedonic Price Model: Appraisal of High-Density Condominiums....Pages 181-198
Front Matter....Pages 199-199
Comparative Studies of United States, United Kingdom and New Zealand Appraisal Practice: Valuing Contaminated Commercial Real Estate....Pages 201-226
Hedonic Modeling in Real Estate Appraisal: The Case of Environmental Damages Assessment....Pages 227-284
Do Market Perceptions Affect Market Prices? A Case Study of a Remediated Contaminated Site....Pages 285-321
Front Matter....Pages 323-323
Valuation of Land Using Regression Analysis....Pages 325-339
Grid-Adjustment Approach — Modern Appraisal Technique....Pages 341-354
Front Matter....Pages 355-355
The Unit-comparison Cost Approach in Residential Appraisal....Pages 357-372
The Long-run Equilibrium Relationship among Equity Capitalization Rates for Retail, Apartment, Office, and Industrial Real Estate....Pages 373-387
A Fuzzy Discounted Cash Flow Analysis for Real Estate Investment....Pages 389-410
Real Options and Real Estate: A Review and Valuation Illustration....Pages 411-423
Back Matter....Pages 425-430

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Content:
Front Matter....Pages i-xxvi
Front Matter....Pages 1-1
Behavioral Research into the Real Estate Valuation Process: Progress Toward a Descriptive Model....Pages 3-29
Are Appraisers Statisticians?....Pages 31-43
The Components of Appraisal Accuracy....Pages 45-59
Front Matter....Pages 61-61
An Investigation of Property Price Studies....Pages 63-93
Comparison of the Accuracy of the Minimum-Variance Grid Method and the Least Squares Method — a Non-linear Extension....Pages 95-104
Error Trade-offs in Regression Appraisal Methods....Pages 105-131
Automated Valuation Models....Pages 133-156
A Note on the Hedonic Model Specification for Income Properties....Pages 157-180
Neural Network vs. Hedonic Price Model: Appraisal of High-Density Condominiums....Pages 181-198
Front Matter....Pages 199-199
Comparative Studies of United States, United Kingdom and New Zealand Appraisal Practice: Valuing Contaminated Commercial Real Estate....Pages 201-226
Hedonic Modeling in Real Estate Appraisal: The Case of Environmental Damages Assessment....Pages 227-284
Do Market Perceptions Affect Market Prices? A Case Study of a Remediated Contaminated Site....Pages 285-321
Front Matter....Pages 323-323
Valuation of Land Using Regression Analysis....Pages 325-339
Grid-Adjustment Approach — Modern Appraisal Technique....Pages 341-354
Front Matter....Pages 355-355
The Unit-comparison Cost Approach in Residential Appraisal....Pages 357-372
The Long-run Equilibrium Relationship among Equity Capitalization Rates for Retail, Apartment, Office, and Industrial Real Estate....Pages 373-387
A Fuzzy Discounted Cash Flow Analysis for Real Estate Investment....Pages 389-410
Real Options and Real Estate: A Review and Valuation Illustration....Pages 411-423
Back Matter....Pages 425-430
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