Knowledge
Property Valuation Guide
Real estate valuation is a science with its methodologies. Let us explain how it is done professionally and systematically.
Main Methodologies
1. Market Comparison Approach: Based on sales of similar properties. 2. Replacement Cost Approach: Based on cost of building a similar one. 3. Income Approach: Based on expected cash flows.
Influencing Factors
1. Location and neighborhood. 2. Area and size. 3. Property condition and finishing. 4. Surrounding services. 5. Area planning (approved plan?). 6. Reputation of neighbors and nearby school.
Final Report
1. Detailed property description. 2. Photos and plans. 3. Market analysis and comparisons. 4. Fair market value. 5. Certified valuer signature + license number.
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