Real Estate Valuation
G. Jason Goddard and
Bill Marcum
Additional contact information
G. Jason Goddard: Wells Fargo
Bill Marcum: Wake Forest University
Chapter 4 in Real Estate Investment, 2012, pp 67-93 from Springer
Abstract:
Abstract A traditional step in the evaluation process for investment real estate is the completion of an appraisal by an independent appraiser. The investor may desire an unbiased valuation for purposes of agreeing on a fair sales price for the property. If the buyer of the property requires financing by a bank, the bank will utilize the appraisal in order to set their loan to value ratios. Federal regulations mandate that in order for a financial institution to utilize an appraisal for lending purposes, that the appraisal must have been engaged by a financial institution and not the customer (CFR 2011).
Keywords: Investment Real Estate; Discount Cash Flow; Discount Cash Flow; Investment Property; Subject Property (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-23527-6_4
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DOI: 10.1007/978-3-642-23527-6_4
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