Residential Sales Comparison and Income Approaches

An HP12C calculator is required for certain portions of this course. Illustrations and examples are offered throughout. Problems and case studies are employed. Participants are exposed to income property principles that that are pertinent to residential properties. They will form a basis for the general appraiser courses that build on the principles of income capitalization.

1. Relate the valuation principles of the Sales Comparison Approach
2. Summarize the procedures of the Sales Comparison Approach
3. Relate the valuation principles of the Income Approach for residential properties
4. Summarize the valuation procedures of the Income Approach for residential properties
5. Recognize the principles of financing
6. Relate the procedures in estimating cash equivalency
7. Be familiar with the basic operations of financial calculators
8. Be familiar with the identification, derivation, and measurement of adjustments
9. Calculate Gross Rent Multipliers and Gross Income Multipliers
10. Summarize and analyze various kinds of partial interests
11. Recognize the procedures in reconciliation of value indicators in the Sales Comparison Approach and the residential Income Approach