3.2 The need for valuations 50. Taking a practically oriented rather than purely theoretical approach, this textbook enables you to undertake valuation calculations yourself. x�c``�``� "� ��20��7r� �P|��FR-�b@~5C*C6P{1#�\&��ܝ���o1^bu烰���� price at which an informed seller willingly sells his/her real estate property to an informed buyer 0000061210 00000 n 3.4 Valuation procedures 69. 0000020903 00000 n endobj When the value arrived at by different methods are wide apart and judgment cannot fix with reasonable certainty which out of them is close to the more accurate market value, an average of two or more than two methods of valuation … Useful life is an estimate of the period of time the LGU expects the asset to be in operation. h�bbd``b`z$[A�8�`>{"�A�J��: << /Type /Catalog /Pages 44 0 R >> endobj 0000061235 00000 n 0 ���5o�`������Lj��Xy�-��WQcj5JSVg6�U�d�!�F6��gqj���,�����aŸ���,�n��v�_���o�B���1�yC��7���� ��!�[#��9K�-*.�.�lt�e�[� ~�"| There is undeniably uncertainty associated with valuation. << /Length 68 0 R /S 66 /Filter /FlateDecode >> stream REAL PROPERTY VALUATION METHODS Introduction. The present value of property may be decided by its selling price, or income or rent it may fetch. International Valuation Standards, Sixth Edition 32 Concepts & Principles/Land & Property 2.3 Property is a legal concept encompassing all the interests, rights, and benefits related to ownership. 0000025648 00000 n endstream endobj 358 0 obj <>stream ... base of property asset management, adding value to this and other related Property value is the basis for assessing property taxes, and for calculating whether the sale of an investment property is a profit or a tax write-off. 0000080780 00000 n 3.1 Introduction 49. Lenders will want to know the appraised value of a home to make sure it’s good collateral for the size of a mortgage or a home-equity loan. 0000001277 00000 n In PG201 students will cover general valuation theory, basic appraisal terminology, and economic concepts that apply to valuation. endstream Neither the owner of the property or any other person (s) has influenced this ?J? %%EOF Introduction of Valuation By: ADLIN WAFA BINTI MOHD KARIM AAP1151B 2020451862 1) … I ������ eCZ��x�X�G��i�8djٲY�$5��{��i��\�Q���S�P�ԗx��c��5�O]��{o0=:~�tԞ��)l�=�۫5�� ��i���u�:��zͷ��E�!h7"�RR�W�ny�ES�{~�Ծ��q�o���ȚJt��b trailer << /Size 69 /Prev 196512 /Info 41 0 R /Root 43 0 R /ID[<96c06e81680c3fa9ca7827eabce41706><96c06e81680c3fa9ca7827eabce41706>] >> startxref 0 %%EOF 17 of 2014 Property Valuation Act, 2014 ACT To provide for the establishment, functions and powers of the Office of the 4. Property consists of the rights of owner-ship, which entitle the owner to a specific interest or interests in what 67 0 obj oJ?�` ��4F�&�}�Y{N�Fl�y�0U}ߓ?��*�٧ :��# 3 What is Property Valuation 49. endstream endobj 359 0 obj <>stream 0000062543 00000 n 3.4.1 Terms of engagement 71. 0000020336 00000 n The Valuation presented refers to bare property value and does not take any usufruct value into consideration. Aswath Damodaran 3 A philosophical basis for Valuation ?J? 17 of 2014: Property Valuation, 2014 . Introducing Property Valuation This comprehensive introduction to the concepts and methods of valuing real estate helps students to progress successfully from basic principles to a more sophisticated understanding. 5. The First Edition of 'An Introduction to Property Valuation' was published in 1975 to provide an introduction to and general background reading for the subject of property valuation. It also provides a definition of the valuation requirement (i.e. 0000001255 00000 n 0000000913 00000 n 0000020068 00000 n "���1 �či+�@"RHt �bd|d100��:� �. Introduction 1 Introduction The International Valuation Standards Council (IVSC) is an independent, not-for-profit organisation committed to advancing quality in the valuation << /Type /Pages /Kids [ 47 0 R 1 0 R 9 0 R 17 0 R 25 0 R 33 0 R ] /Count 6 >> endobj 90 endobj share of a real estate property will require different information and follow a different format than the valuation of a publicly traded stock. Paragraph 2.5 below only. View Introduction of Valuation_Real Estate_Real Property.pdf from REM 111 at Universiti Teknologi Mara. 0000080755 00000 n 0000020880 00000 n To adjust property and equipment to estimated fair market value based on appraisal performed by ABC Appraisals, Inc. Fair Market Book Value Ref Adjustment Value Current Assets: Cash and Cash Equivalents $ 1,119,300 1 $ (518,000) $ 601,300 Accounts Receivable 1,668,232 - 1,668,232 H�\��n�@���C&Lw"!K;�|ȏ��`{����>]T�HA���LwUA��z���oih�ar�>v)��sj�ۅC�E麾����g{l�,����4��&�]�n��)]�՟n؅�,M]H}�!N�p˥���=7�Ks.��n6������j~N|\����}A3�Ѕ�ش!5����k��'��Y�ݯ��`�n��kRV�8\���+�?����̶��|K�W� H�\T�n�0��s���bLB"U=4�a+UZ��U{�IZXQ�R�t�~� $=���7o�gR. Page 1 of 6. 352 0 obj <> endobj valuation methodology, Useful life would be used for estimation of Fair Value as described in . The property valuation profession 2.1 Skills required by and role of the property valuer 2.2 Who may require the services of a valuer? 3.2.1 Types of property to be valued 52. AIDS HELPLINE: 0800-123-22 Prevention is the cure . It is now 25 years since the first edition of this book was written, and the objectives of the fifth edition remain the same as those of the first edition, that is to provide "an introduction to and general background reading for the subject of property valuation". The appropriate application of a method of valuation depends on the nature of the property as well as availability of reliable data. In addition, to the comparable-property method to assessing value, appraisers may also estimate value by cost or … H�\��n�@��~�Y&���so,YH�ET�0�@-�2΂���(��|`��w�5����w�˿OCs��;w};���>5ѝ��u�ڮ�?>-�͵��os���U�����y���m;��c���8u��=��]~|�?��٭�f��xNA_��k}�._�=�t���OiͿ_������5e�����n�T���U��ظ�-=6Y�����q�������*���*�%� V�������\�w�xOރ_ɯ�7r��0������_���|A�0_�/����bd����p_���}� Introduction to Valuation (Updated for Spring 2020 class). 46 0 obj h�b```�B�] cb�@�)�l����1l�Xl��Vt�)IK=���n24f��.F7�����4�0X����Q���Y;�jFy&s�U�+��m����]ú]l@-��������W�{E��i� �DJ /�0% This book provides a single text for postgraduate study of valuation on real estate courses. endstream endobj 357 0 obj <>stream 0000061756 00000 n 37792 GOVERNMENT GAZETTE, 1 July 2014 Act No. � An Introduction to Property Valuation by Mr. Leung Sun Chuen, Fellow Member, Hong Kong Institute of Surveyors, Former Lecturer, City University of Hong Kong . Discounted Cash Flow Valuation The value of any cash-flow producing asset is the present value of the expected cash flows on it. An Introduction to Valuation Aswath Damodaran. Part I: Discounted Cashflow Valuation : This is a pdf file and works well if you have an iPad or tablet to read it on If you have trouble printing this file, download the powerpoint file . �t@F��+�H���@Z�6��,���@ZsH�������#X4o����(Z�œ��I�>�����:�x"Cceu�e�Q$��Ύ䃾�YY��p)$^��Q�VKf���.����,Y���/2��gȴ���P��(�J'�\a(�~ }���A��DV ��}�u�̍�b4�U �O=���S�РN�H�_ �d{ 3.3.2 Market-related factors 66. 0000020487 00000 n 0000024922 00000 n Calculating commercial property value is much different than calculating the value of residential real estate—even for the most adept appraisers. ^��Y��b��J�@/��W{L��e(v�O�h�����K���~Q����E��* 0000062244 00000 n endstream endobj 356 0 obj <>stream endstream endobj 353 0 obj <>/Metadata 23 0 R/PageLayout/OneColumn/Pages 350 0 R/StructTreeRoot 32 0 R/Type/Catalog>> endobj 354 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 355 0 obj <>stream RESIDENTIAL PROPERTY VALUATION PROCESS . 0000020213 00000 n 0000080805 00000 n This comprehensive introduction to the concepts and methods of valuing real estate helps students to progress successfully from basic principles to a more sophisticated understanding. 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