Appraisal Process
General determination of the property to be appraised and determined market value
+ Determine the basic legal, economic and technical characteristics of the property to be appraised
+ Identify the users of the appraisal results
+ Determining the purpose of price appraisal and the time of valuation.
+ Determining the value basis of valuation.
+ Identify assumptions and special assumptions
Planning for valuation.
+ The preparation of a price appraisal plan is to clearly define the scope and content of the work, the progress of each work content and the progress of the entire appraisal.
+ Plan contents include:
– Define the goals, requirements, scope and content of the work.
– Determine the method and method of conducting the appraisal.
– Determine the necessary data for the appraisal, the documents to be collected about the market, the appraised property, the comparable property.
– Identify and develop document sources, ensure reliable and verifiable sources: Research documents and documents on properties to be appraised.
– Develop the implementation schedule, determine the order of data collection and analysis, and the allowable time limit for the order to be performed.
– Determine the implementation organization, allocate resources: Make a plan to assign appraisers and support staff to carry out the customer’s appraisal request, ensuring the application of the quality control process business valuation.
– Determine the content of work to hire consultants (if any).
Field survey, information gathering.
Information analysis.
