Real Estate Fundamentals: The Valuation Process

In this course we outline the underlying principles which determine the value of real estate.
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Instructed by George Walsh Business / Real Estate
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  • Lectures 19
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 4/2014 English

Course 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

What are the 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

What am I going to get from this course?

  • 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

What 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: The Real Estate Valuation Process Broken Down
01:25

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

02:03

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

01:07

This video covers the appraisal plan part of the appraisal process

01:23

This video covers the data collection step.

01:58

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.

01:43

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

02:59

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.

01:08

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

01:05

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.

Section 2: Key Appraisal Features
02:35

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

02:50

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

02:34

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

Section 3: The Approaches To Value Explained
06:11

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.

08:22

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

06:04

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.

03:04

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.

05:31

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.

Section 4: FAQ and Bonus Video
07:23

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.

02:11

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

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Instructor Biography

George Walsh, 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.

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