Home Current Courses REAE 5311 Real Estate Analysis

REAE 5311 Real Estate Analysis

Summer 2009

General Information

Class Note Downloads

Introductory Appraisal Video/Audio Clips (to accompany chapters 6-9)

To download and view the class notes, you must use Explorer (version 5.0 or higher) or Netscape.  Please note that Firefox will not work.

Optional Valuation/Appraisal clips (notes from another textbook but very useful):

Ch 12 PPChapter 12 pdfChapter 12 Video/Audio Clip (23 min)
Ch 13 PPChapter 13 pdfChapter 13 WordChapter 13 Video/Audio Clip (40 min)
(wmv file right click and save to desktop to download)
Ch 14 PPChapter 14 pdfChapter 14 Video/Audio Clip (38 min)
Ch 15 PPChapter 15 pdfChapter 15 WordChapter 15 Video/Audio Clip (29 min)
Ch 17 PPChapter 17 pdfChapter 17 Video/Audio Clip (43 min)
Ch 18 PPChapter 18 pdfChapter 18 WordChapter 18 Video/Audio Clip (66 min)
Ch 20 PPChapter 20 pdfChapter 20 WordCh 20 Part 1 Audio/Video Clip
(wmv file right click and save to desktop to download)
Ch 20 Part 2 Audio/Video Clip 
(wmv file right click and save to desktop to download)
Ch 21 PPChapter 21 pdfChapter 21 WordChapter 21 Audio/Video Clip
(wmv file right click and save to desktop to download)
Ch 22 PPChapter 22 pdfChapter 22 WordChapter 22 Audio/Video Clip
(wmv file right click and save to desktop to download)
Ch 23 PPChapter 23 pdfChapter 23 Audio/Video Clip 
(wmv file right click and save to desktop to download)

Other valuation appraisal materials (time permitting):

Review Materials (TVM Review) for Real Estate (pdf and WMV audio/video clips)

  • Review Materials for Real Estate Audio/Video Clips:*

    *Note: These links are to .WMV files. You can try to click directly on this link to start your media player, however, you will likely need to download this clip on to your desktop, then double-click on the downloaded file. To download this file, “right click” on the link above. In the menu that appears, select “Save target as…” and save this file to your desktop. Go to your desktop and double-click on the file to start.

Time Value of Money Review Problem Set Answers

TVM Review: Problem set 1 Answers:

  1. 24,464.43
  2. 25,093.31
  3. 1,738.91
  4. 4,755.19
  5. 675,764.89
  6. 14,381.74

TVM Review: Problem set 2 Answers:

  1. 10% compounded semi-annually (1.05^2 = 1.1025; 1.0238^4 = 1.0984)
  2. 19,236.15
  3. 98,111.31
  4. 5,575.46
  5. 22,601.66
  6. 15.94%
  7. 6,357.56

TVM Review: Problem set 3 Answers:

  1. ANN: 15 – 25,288.30 25-20,519.45  MO: 15-2,067.95 30-1614.72
  2. 14,043.41
  3. Yes, NPV = 10,850.30
  4. 13.22%
  5. PMT = 103,873.36
    1. Balance end of year 5 equals 961,283.21
    2. Balance end of year 15 equals 801,472.49
  6. PV = 854,972.16
  7. 79,612.63 + 220,436.31 = 300,048.94
  8. PMT = 638.58 (724.26 – 638.58 = 85.68)
  9. IRR = 16.2%; NPV = 1,306.20
  10. 68,640.81

Problem Set 4:

  1. a) 19,876.60                b) 1,903,479.15
  2. 8,076.30 + 159,263.83 = 207,340.13
  3. Investment 1 IRR = 9.57%       Investment 2 IRR = 10.18% or 9.94% assuming annual compounding
  4. N=60, I = 12%, Pmt = 657.56, FV= 88,000 then 657.56 (pmt) + 120.00 (taxes, insurance, maintenance) = $777.56 rent
  5. $1,365.86
  6. 8.5%
  7. 12.14%
  8. NPV = $209.94                       IRR = 12.27%
  9. a) 10.36%        b) 4,378.29
  10. 163,028.46
  11. 1,294.88
  12. 137,243.36

Investment Problem Downloads

GIS Related Links

The link to the two GIS site selection practice files (pizza restaurant and campaign headquarters) is: http://magellan.uta.edu/website/download/

UTA GIS Projects for REAE: http://libraries.uta.edu/gis/imsspecial.htm

UTA GIS Project Data and GIS Viewer: http://magellan.uta.edu/website/reaemls/reaemls/viewer.htm (password required)

ArcGIS website (ESRI): http://www.esri.com/ (free trial version)

MapInfo website: http://extranet.mapinfo.com/products/products_index.cfm?productcategoryid=1

MapPoint website:  http://www.microsoft.com/mappoint

Maptitude GIS software website: http://www.caliper.com/maptovu.htm

Relevant Articles

Arlington Star Telegram

AST 1/25/03 C1 Foreclosure postings most in 8 years (.PDF)

AST 1/24/03 C1 Arlington survey has some seeing positives (.PDF)

AST Avoiding (Costly) Closing-Table Surprises (.PDF)

Tierra Grande (Journal of the Real Estate Center at Texas A&M University)

TG 1/03 p. 2-5 Why Texans won’t kill robin hood (.PDF)

TG 1/03 p. 13-19 Texas two-step: Looking back, moving forward (.PDF)

Interested in more real estate related articles?  CLICK HERE THEN SCROLL DOWN

Relevant Links

Anyone interested in a free report on the real estate industry?  Checkout the Lend Lease Real Estate Investment (http://www.lendleaserei.com/) Emerging Trends in Real Estate 2003(http://www.lendleaserei.com/LLREI/freeform.nsf/Content/571774E730BBBEE685256C4C006A7235?OpenDocument).

Anyone interested in receiving weekly e-mail updates on the Texas real estate market?  To subscribe go to http://recenter.tamu.edu

Home-Buyers Guide: (http://recenter.tamu.edu/pdf/1044.pdf)

Homeowner’s Guide: (http://recenter.tamu.edu/pdf/1415.pdf)

Landlords and Tenants Guide: (http://recenter.tamu.edu/pdf/866.pdf)

Texas Real Estate Sales and Broker Information: http://www.trec.state.tx.us/