About This Chapter
The Real Estate Market - Chapter Summary
This chapter covers several important aspects of the real estate market. The lessons included detail topics such as property depreciation, market data analysis, property inspection, and more. By the time you're done studying this chapter, you can expect to have a clearer idea of the following:
- Property valuation and appraisal
- Analyzing regions and neighborhoods
- The factors of site analysis
The practice quizzes accompanying each lesson can help you make sure you've processed the material correctly before moving on. These interactive assessments can be taken as many times as you like, and are printable in worksheet form if you'd like to use them away from your computer. And, at the end of the chapter, you can give your overall knowledge a final test by means of the practice final exam.
1. Property Valuation: Definition & Principles
Valuing property accurately is very important to sellers, home purchasers, lenders, and real estate investors. In this lesson, you'll learn about property valuation and some of its key principles.
2. Property Appraisal: Definition, Purpose & Process
Let's take a look at property appraisal and broad explanations of different approaches. We'll discuss how these approaches work and what purposes they serve, and help understand how they tie into the final reconciliation of value.
3. Property Depreciation: Definition, Importance & Types
This lesson defines depreciation as it applies to real estate property valuation. We will cover the different types of obsolescence that are factors in depreciation.
4. Area-Regional & Neighborhood Analysis in Property Appraisal
In this lesson, you will learn how to interpret the area-regional and neighborhood analysis section in a property appraisal report. Many factors and considerations determine if the current use of the property is the highest and best available.
5. Market Data Analysis in Property Appraisal: Definition & Factors
Comparative Market Analysis (CMA) is a method for pricing a real estate property that is for sale. Factors that are important in CMA include market area delineation, demand analysis, supply analysis, absorption analysis, vacancy analysis, and market rental analysis.
6. Site Analysis in Property Appraisal: Definition & Factors
Correctly valuing real estate is very important because of the money at stake, even for a relatively small purchase. In this lesson, you'll learn about site analysis and some of the key components involved with it.
7. Property Inspection: Role, Importance & Process
Smart buyers require a professional property inspection when purchasing real estate, with satisfactory results as a contingency for the sale to close. In this lesson, you'll learn about the role of property inspections, the process of executing them, and their importance.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the Florida AQB Certified General Appraiser Exam: Study Guide course
- Real Estate Investment & Analysis
- Land Use & Regulations
- Transferring Real Property
- Land Descriptions & Surveys
- Forms of Property Ownership
- Advanced Property Ownership Issues
- Land & Site Valuation
- Sales Comparison Approach to Real Estate Valuation
- Cost Approach to Real Estate Valuation
- Income Approach to Real Estate Valuation
- Uniform Standards of Professional Appraisal Practice (USPAP)