Evaluating Real Estate

programming calculate the market value of real estate, assessment of the property; matching value; design of the evaluation report of the property. Formulation of the problem of evaluation is to determine: the goals estimates of the desired type of cost, identification of the property and legal rights to it, the valuation date, currency valuation price, in which the estimate. To collect and verify information on the estimated object Estimator uses two types of information: the documented (leases, utilities, inventory card records, documents confirming the right to property). obtained by the expert ( information about the rate of business profits, the discount on the listing of sales, etc.) Preparing an evaluation plan includes the following components: defining the requirements for facility assessment, identification of evaluation methodology, evaluation time-consuming and labor costs, submitting the proposal on the conditions of the job and the cost of the appraisal services collection and verification of information includes: a survey of the property and making an act of inspection, and in the case necessary punch list, study area location, site and adjacent areas, and legal instruments defining the rights to the property, and analysis of design and construction documents, while the absence of a plan of the object and the site plan, data collection and analysis of economic indicators on the property (book value of lease payments, maintenance costs of real estate, etc.); search Object-analogues on the market. Programming calculate the market value of the property provides for a package of programs in the spreadsheet for the calculation of the basic elements of cost Real Estate.

Assessment of the property may be conducted using standard methods or techniques derived from them, using their hands and modifications in accordance with the standards of real estate valuation and the presence of necessary information on real estate market of the Republic of Belarus. The standard evaluation methods include: cost approach, sales comparison method, the method of income capitalization. Derivative methods are such as: the method equipment balance, the method of cities, the method of the investment group, classification methods, the method of gross multiplier, adapted the method of capitalization, and others. In carrying out assessment of the appraiser on the instructions of the customer can justify the alternative use of property, ensuring the maximum productivity of its use. Procedure for the identification and validation of alternative use of the property, providing maximally productive use real estate analysis is called the best and most efficient use. The best and most efficient use – it's probably a reasonable and lawful use free land or improved property, which is physically possible, legally grounded, financially feasible and leads to high cost. Analysis of the best and most efficient use holds for the land: how to free;

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