Real estate valuation

com/1463-578X.htm PRACTICE BRIEFING Real estate appraisal: a review of valuation methods School of Electrical and Computer Engineering, National Technical University of Athens, Athens, Greece School of Rural and Surveying Engineering, National Technical University of Athens, Athens, Greece, and Jonathan Edwards Consulting, University of Reading, UK Keywords Market surveys, Real estate, Forecasting, Estimation, Assets valuation Abstract The valuation of real estate is a central tenet for all businesses

Authors studied why valuation estimates are likely to be biased estimates of market values due to clients' influence. The studies were done on the behaviors of clients in the UK, USA, and New Zealand. The authors pointed out that the information found has made a significant contribution to real estate literature, but the purpose of this research was to examine the prevalence of client influence and the impact on valuation in Nigeria. The survey found that nearly 80 percent of estate surveyors and valuers

Review 2.2.0 Meaning of Valuation According to Essayas Derbie (2012) Real Property is defined as any tangible or intangible entity that is owned by individuals or group of people as well as legal entity. Depending on the nature of the real property an owner of property has the right to use, sell, rent, mortgage, transfer, exchange , destroy or to exclude others .In the day today discussion, the term real property refers to things or objects such as a house, a land etc. Real Property also includes

1.) The first example of justifying a value is when getting my car detailed. I am looking at market value, fair value and the utility factor for the services. This service satisfies the need and desire for a clean car to take clients out with, after it was dirtied by a tough winter. I compared prices for similar car detailing services, and asked around for referrals from several people. Of the two companies, one was recommended strongly. I saw examples of each work and agreed with the

Automated valuation models (AVM) according to the RICS AVM Standards working group are systems that use one or more mathematical techniques to provide an estimate of the value of a specified property at a specified date, accompanied by a measure of confidence in the accuracy of the result, without human intervention post-initiation. They combine property sales data, property attributes data as well as local market information (RICS 2013, Corelogic (n.d)); these form the variables that are fed into

New Mexico real estate has, in the past, been some of the most affordable in the country. The prices however, have gradually increased with the slow but steady invasion of Californians and other people seeking to relocate to cities with lower standards of living. Nevertheless, New Mexico real estate is still comparatively much more affordable than some of the more populous states such as California or New York. For lovers of nature and adventurers of the great outdoors, New Mexico provides the

Real estate evaluation or property valuation is the procedure of deciding the estimation of the property on the premise of the most astounding and the best utilization of genuine property (which essentially deciphers into deciding the equitable estimation of the property). The individual who performs this real estate appraisal activity is known as the real estate appraiser or property valuation surveyor. The worth as dictated by real estate evaluation is the honest quality. The real estate evaluation

respecting the RICSs ethical code of conduct. The second issue that surveyors might face is when lenders try to approach them by giving them instructions concerning the valuation (Isurv.com, 2014) (Edwards and Pottinger, 2014). Therefore it is the surveyor 's role to refuse to do that and remain impartial. His role is to give his valuation in an objective way and not to favor any party (DABSON et al., 2007). But on the other hand surveyors can be asked to make tenants look better than they actually are

meant to reflect the value for administrative purposes not push it up. I am talking about the council capital valuations. By setting a valuation for a property that often becomes an anchor point for everyone’s perception of that property’s market value whether that CV is correct or not. The Council website does not help and is very confusing on this unless read carefully. They say: “Our valuations are used for setting rates and are not intended for other purposes such as marketing and mortgages” but then

has passed a state test. The Realtor should be ethical and proactive for you as a client. How would you locate one who will do the best job for you? There are a number of indications of a good real estate agent. For your initial search, ask around. Ask friends and relatives who they used for real estate transactions. Were they satisfied? What did the Realtor do, or not do, what type of recommendation would they give them? When you have at least two names go on the internet and check out their web