Real Estate Fundamentals: The Valuation Process
3.6 (14 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
110 students enrolled
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Real Estate Fundamentals: The Valuation Process

In this course we outline the underlying principles which determine the value of real estate.
3.6 (14 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
110 students enrolled
Created by George Walsh
Last updated 7/2014
English
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of this course you will have a solid understanding of the real estate valuation process
  • Through these lessons, you will learn the differences in deriving value based on the three approaches to value
View Curriculum
Requirements
  • A computer, tablet or phone
  • A pencil and paper for note taking
  • an understanding of basic real estate vocabulary
  • no required knowledge of real estate markets is necessary
  • this course discusses U.S. housing markets only
Description

Understanding the fundamentals is absolutely critical when venturing into real estate markets.

This course is designed to ensure a clear understanding of how the market value of real estate is determined.

By taking this course you will learn from George Walsh, a certified general real estate appraiser. He is certified to perform appraisals on all commercial and residential properties. He has worked as a Forensic Appraiser, General Appraiser, Commercial Appraiser and Residential Appraiser throughout the New York area. All of that experience is combined with 25+ years in the real estate industry as a buyer, seller, investor, renovator, educator, appraiser and consultant. Currently, George is appraising in New York and teaching as an adjunct professor at Stephen L. Newman Real Estate Institute at CUNY Baruch College.

In this course he describes the tools, techniques and process to value real estate. By the end of the presentations you will be able to:

  • Identify the market value of a residential home
  • Identify the market value of an income producing property
  • Understand the purpose of an appraisal
  • Increase your real estate transaction literacy
  • Determine the fundamental building blocks of real estate value
  • Understand Highest and Best Use principles
  • Understand the formulas which determine the value of an income producing property
Who is the target audience?
  • this course is great for Real Estate Agents, Home Buyers, Home Sellers, First Time Home Buyers
  • No experience is necessary to benefit from the material covered in this course
  • Dedicated individuals who are willing to learn will benefit most from this course
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Curriculum For This Course
19 Lectures
01:01:36
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The Real Estate Valuation Process Broken Down
9 Lectures 14:51

This is an overview for the appraisal process. This video is introducing you to the topics which will be covered in this course.

The Appraisal Process
01:25

This is the first step of the appraisal process. It is our starting point and we do not overlook this step!

Define The Problem
02:03

This video covers the appraisal plan part of the appraisal process

The Appraisal Plan
01:07

This video covers the data collection step.

Preview 01:23

Highest and best use is a source of confusion for some people. We explain the concept in this video so you can better understand the underlying principles which are applied to real estate markets.

Highest and Best Use Analysis
01:58

This video covers the site valuation step, which is an interesting part of the appraisal process which we get asked about often.

Site Valuation
01:43

This video covers the three approaches to value. These are important concepts to understand and we will go into further detail later on in the course.

The Three Approaches to Value
02:59

This step is summarized by the appraiser double checking everything is in order and the value is arrived at properly

Reconciliation
01:08

This step is called the appraisal report because this is where the report is compiled and the values are presented in a clear and concise manner.

The Appraisal Report
01:05
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Key Appraisal Features
3 Lectures 07:59

This video covers the important parts of the property inspection part of the appraisal

Preview 02:35

This video explains why setting up an mutually agreed upon appointment date and time is vitally important to the appraisal process

The Appointment
02:50

How long is an appraisal good for? Is this old appraisal still valid? This video will answer these questions.

The Effective Date of the Appraisal
02:34
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The Approaches To Value Explained
5 Lectures 29:12

This video provides an overview of the cost approach to real estate value. This approach is fairly complex so take your time, take notes and feel free to watch the video as many times as you like.

The Cost Approach
06:11

This video covers the income approach, this approach is used to establish values for rental properties.

The Income Approach
08:22

This is the most popular approach to value when evaluating residential properties. This is an overview and we will go into further detail in the next two videos. This explains the concept of comparative analysis for real estate.

The Sales Comparison Approach
06:04

This video explains how the market value of a property is arrived upon. Simply put we must take everything into consideration and adjust our estimates accordingly. This video breaks it down.

The Adjustments
03:04

This video dives into detail about the comparative analysis process. This should provide all the information you need to understand the paired sales analysis process.

Paired Sales Analysis
05:31
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FAQ and Bonus Video
2 Lectures 09:34

This is a list of the questions we are asked most often. We hope this provides you with a neat little resource to handle some of your pressing questions.

Preview 07:23

This is a wrap up and conclusion of the course. In this video we thank you for your participation and patronage.

Thank You for Choosing Marketruth!
02:11
About the Instructor
George Walsh
3.6 Average rating
14 Reviews
110 Students
1 Course
Certified General Real Estate Appraiser

I am a certified general real estate appraiser. He is certified to perform appraisals on all commercial and residential properties. He has worked as a Forensic Appraiser, General Appraiser, Commercial Appraiser and Residential Appraiser throughout the New York area. All of that experience is combined with 25+ years in the real estate industry as a buyer, seller, investor, renovator, educator, appraiser and consultant. Currently, George is appraising in New York and teaching as an adjunct professor at Stephen L. Newman Real Estate Institute at CUNY Baruch College.