Monday, August 17, 2009

Financial Tools for the Valuation of Real Estate

This book is published by Bienes Raices Ediciones and is available on their website at http://www.brediciones.com . The Author’s name is Mario Gomez. The book has many of the classic tools used by brokers and appraiser to put a value on property. The standard market, cost, and income approach methods are discussed. The fact that the book is written from an Argentine perspective gives a lot of extra insight.

Argentina has frequent ups and downs in the economy and in real estate prices. For that reason the approaches taken in this book are especially valuable for those of us who are currently experiencing a serious decline in values for the 1st time. The book also deals with risk analysis that few appraisal books in the USA include. There are multiple formulas for adjusting risk and yield concerns.

There is a section on special use properties such as post offices, dormitories and buildings that may be difficult to price. The book concludes with some really great case studies using the tools. I also recommend this book for anyone who has to teach or translate in Latin countries as it has terms commonly used to describe things that we find hard to translate.

David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/

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