No survey of real estate as a financial asset would be complete without a discussion of appraisal. Understanding this critical piece of the process will set you up for success when you make complex decisions.

In this course, you will explore the classic triad of real estate valuation methods: the cost approach, the sales comparison approach, and the income approach. The appraiser's task is to produce an estimate of the value of the real estate using each approach then reconcile these values in a final market value estimate. You will not become an appraiser in this course, but you will understand how to use appraisals to make better investment decisions and potentially increase the value of your real estate.

Upon completion of this course, you will be able to use appraisals to make better decisions in a variety of areas in real estate. In the field, you will be able to use appraisals to support real estate investment decisions, asset management decisions, disposition decisions, refinancing decisions, and more.

You are required to have completed the following courses or have equivalent experience before taking this course:

• Real Estate Investment Decisions
• Financing Real Estate Investments