THE ROLE OF REAL ESTATE APPRAISERS IN REAL ESTATE MARKET

A non-specialist will not understand the value of real estate in another area, while a professional appraiser is well aware of the common factors that affect value and is familiar with the nuances of real estate value. a completely unfamiliar area. In addition, a qualified appraiser needs to have the foresight and flexibility to be able to make assessments for a wide geographic area and for rare property types on the market based on fundamental principles. copy. A qualified appraiser must know a wide variety of properties over a broader range.

The determination of real estate prices close to the market value helps transactions such as land use right transfer tax, land use tax, and mortgage to be carried out smoothly. This is also very important in assessing the value of enterprises when equitization accurately, because in the past the land value of SOEs was often not taken into account or, if so, was often at a far lower level market value, therefore, if the value of land in the process of equitization is not revalued, the state budget will suffer a great loss.

Valuation is not only necessary for the large-scale mass valuation of the state to form price brackets for state management, but also for the valuation of land or individual real estate. Determining the price of individual land or real estate takes place not only in the private sector, but also in the state sector (for example, when equitizing a certain state-owned enterprise, when there is no similar businesses in the area, etc.). Accurate determination of land prices will avoid price disputes and can be said to be one of the most common issues in disputes over land value. when there is no agreement between the parties.

An important reason for determining the right value of land is to help allocate land - as a social resource in an efficient way. In other words, land will be allocated to the "best and most efficient" users. When all land resources are valued at market value and there are no special incentives for a particular group of users, the land will be used in the best way. In fact, at present, in our country, there are many state agencies and enterprises that are "subsidized" on land prices when calculating land-related obligations.

Therefore, although land is owned by the entire people, there is a phenomenon of "seizing" land in good and favorable positions by state agencies and enterprises. The main reason is that the "land price" for calculating these obligations is not close to the market price in those very favorable and special areas (will be at a very high level), so these officials have no incentive to leave. from these areas to find areas with cheaper land to rent an office or place to do business. In other words, the principle of "highest and best use" is not guaranteed. If the property price is close to the market price, it can help to increase the revenue for the budget. The application of determination methods Real estate value in practice in our country today is incomplete and unprofessional. The number of land/real estate valuation methods applied in practice is not many and not flexible to specific cases. Because of this incomplete and unprofessionalism, the given land / real estate value does not accurately reflect the market value, creating difficult to solve consequences.

The difference in value due to changes in the area is sometimes quite different from what is envisioned, and unqualified appraisers often think the difference is huge, very vague, and unrealistic. However, qualified people are used to such inexplicable market differences and can identify the fundamental role of factors. At the same time, because they are rarely embarrassed by such situations, the valuer clearly identifies these as market factors that require an accurate assessment.