Transcript Ch 2 PP

Chapter 2
The Student Handbook to
THE APPRAISAL OF REAL ESTATE
The Nature of Value
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Distinctions among the terms
 Price
 Market
 Cost
 Value
Market Value
Use Value
Investment Value
Going Concern Value
Assessed Value
Student Handbook to THE APPRAISAL OF REAL ESTATE
Chapter 2
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Factors of Value
 Utility
 Scarcity
 Desire
 Effective Purchasing Power
Student Handbook to THE APPRAISAL OF REAL ESTATE
Chapter 2
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Supply and Demand
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Reading the market will necessitate reading the supply
and demand factors.
Student Handbook to THE APPRAISAL OF REAL ESTATE
Chapter 2
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Practice Problems
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Suggested solutions begin on page 365.
Student Handbook to THE APPRAISAL OF REAL ESTATE
Chapter 2
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