Successfully reported this slideshow.

Appraisal 101

7

Share

1 of 13
1 of 13

More Related Content

Related Books

Free with a 14 day trial from Scribd

See all

Appraisal 101

  1. 1. Appraisal 101 Augusto B. Agosto Sales Partners General Assembly Real Estate Appraiser & Broker Goldmine Residences Soong, Lapulapu City September 5, 2014 www.appraisalcebu.wordpress.com
  2. 2. Topic Outline 1. Importance of Appraisal 2. How appraisal helps Brokers/Agents - Comparable Market Analysis 3. Conclusion
  3. 3. What is Appraisal? • Real estate appraisal or property valuation is the process of developing an estimate of the value of a real property . It includes all of the research, data, reasoning, analysis, and conclusions necessary to arrive at a value estimate.
  4. 4. VALUATION STANDARDS • It is a detailed process and guided by the standards set by International Valuation Standard (IVS), Philippine Valuation Standard and Generally Accepted Valuation Principles (GAVP)
  5. 5. On Value • Zonal Value - is a value placed on real estate based on where it is located by the BIR • Assessment value - the financial worth placed on a property by the town or city’s assessor’s office for the purpose of determining the tax due said property • Market Value - estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction
  6. 6. APPROACHES TO VALUE 1.Market Data 2.Cost 3.Income
  7. 7. Comparative Market Analysis • Choose comparable and make adjustments-superior and inferior. If a “comps” is superior to the subject property a downward adjustment is made to the sale, and if a “comps” is inferior to the subject property an upward adjustment is made.
  8. 8. Comparative Market Analysis COMPS House 1 House 2 House 3 Size +10 % - 10 % -20 % Location + 20 % + 10 % +10 % Frontage - 10% - 10 % -10% Features + 10 +20% -15% Total Adjustments +-
  9. 9. SUBDIVISION COMPS SUBDIVISION 1 SUBDIVISION 2 SUBDIVISION 3 Size +10 % - 10 % -20 % Location + 20 % + 10 % +10 % Number of Units - 10% - 10 % -10% Amenities + 10 +20% -15% Total Adjustments +-
  10. 10. Map of Lapulapu
  11. 11. Economic Principles that affects Value • Principle of Anticipation- The principle of anticipation holds that value is simply a function of the present worth of future benefits, that is, people are paying current dollars for future benefits. • Principle of Balance- relates both to the property as well as the environment in which the property is located. • Principle of Progression- holds that the worth of a residence of less expensive will tend to be increased by being in association with residences of higher one in the same area. The opposite of the Principle Of Regression.
  12. 12. CONCLUSION • There are no "guesstimates" when it comes to appraisal. • In our real estate profession where TRUST is the most important aspect, a real estate professional-broker and agents, should recommend in acquiring the services of a licensed appraiser.
  13. 13. Contact an Appraiser Landline: (032) 421-2003 Mobile : (0917) 488 5555 Email: appraiserph@gmail.com

Editor's Notes

  • Why buy in a pre-selling period? Will my property have growth potenti
    Goldmine Residence Seller’s General Assembly
  • ×