Procedures and principles for real estate valuation




0283 888 8583
0908 337 526

News & Events

Procedures and principles for real estate valuation

Procedures and principles for real estate valuation
Principles in real estate valuation

  • Best used and most effective
  • The principle of supply and demand
  • Principle of contribution
  • Replace
  • Principle of balance
  • Anticipate future benefit
  • Income increase or decrease
  • Income distribution
  • Change
  • Compliance
  • Compete

In addition to the principles of price appraisal applied according to Vietnam Standard No. 06 promulgated together with the Finance Ministry's Decision No. 77/2005 / QD-BTC of November 1, 2005, the principle of real estate price appraisal also There are the following principles:

- Matching principle
- The principle of profitability of the land ...

Real estate valuation process

        2.1. Identify the problem

- Set goals or valuation purposes
- Realization of real estate subject to price appraisal: legal, economic and technical characteristics
- Choose the basis of the value of price appraisal and method of price appraisal
- Set the effective date
- Agree with customers on the completion time and service price

        2.2. Planning valuation
- Identify factors of supply and demand, appropriate to the functions, characteristics and rights of the property to be purchased; sell; rental and market characteristics.
- Identify documents needed for valuation request: real estate, market ...
- Design program
- Prepare report outline.
- Plan a work schedule for each job step and for the whole process.

       2.3. Real estate appraisals, price appraisals and comparable real estate
- Conduct income and aggregate materials on the market:
+ General data: economy, politics of region, locality, province ...
+ Special data: expenses, income, market price, rental price, interest rate, profit ...
- Conduct appraisal of real estate status
+ Real estate valuation
+ The comparison real estate
        2.4. Information analysis and application method
2.4.1. Document analysis
- Analyze using the most effective and most effective
- Market analysis
- Analysis of appraised real estate and comparable real estate
2.4.2. Application of valuation methods
- Use the collected and analyzed data into the methods
- Analyzing the advantages and disadvantages of the information
        2.5. Estimated market value - Non-real estate market valuation
+ Give the results of each valuation method
+ Provide the market value of the assessed real estate (market value or non-market value)
+ Making comments on the results of price appraisal
+ Setting restrictions on valuation results
        2.6. Real estate valuation reports and certificates
- The valuation report demonstrates the experience and skills of the appraiser and is the final product of the entire valuation work.
- Valuation report is a summary of the data analyzed, the methods applied and the reasons leading to the conclusion about the value.
- The evaluation report needs to state the following main contents:

+ Type of real estate to be appraised
+ Customer evaluation
+ Evaluation purpose
+ Time of evaluation
+ Legal and economic characteristics - technical characteristics of real estate appraisal
+ Basis of value of price appraisal
+ Application of valuation methods
+ Price appraisal results
+ Limitations of valuation results

Other post

Valuation process (continued)

Valuation process (continued)

Analyzing the highest and best use of assets, the highest and best use of the land position, the highest and best use of renovated properties, the above analyzes need to be verify.
Valuation process

Valuation process

The pricing process is an ordered and logical action plan, organized in accordance with well-defined basic rules,
Valuation, why the potential has not been unlocked?

Valuation, why the potential has not been unlocked?

Asset valuation is a profession that tends to grow in a market economy. Appraisal profession in Vietnam has made certain development steps,

 Tòa nhà SongDo Tower, số 62A Phạm Ngọc Thạch, phường Võ Thị Sáu, Quận 3, TP.HCM

  0283. 888 8583 - 0908 337 526


Receive news
Facebook Twitter Skype    105406 Online : 1
© Copyright 2020 THẨM ĐỊNH GIÁ VIỆT - Designed by Viet Wave