Analysis of the Value and Price of Real Estate and Concurrently on the Appraisal of Mortgage Value
Wen Wang ()
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Wen Wang: Capital University of Economics and Business
Chapter Chapter 126 in Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate, 2014, pp 1245-1251 from Springer
Abstract:
Abstract Research Purpose: This research seeks to probe deeply into the internal relation between the market value and market price of real estate to provide the basis of a scientific “definition of value”. Research Methods: Documentation and logic reasoning were employed. Research Results: In the practice of real estate appraisal, the standards for “market value” are not applicable to all appraisal projects; and for the appraisal of a single object, the value standards vary with the purpose of the appraisal even under the same market conditions. Research Conclusion: In appraisals for the purpose of real estate mortgage, market value standards should be applied, particularly during periods of irrational advance of the real estate market; but in appraisals for the purpose of real estate transfer, market value standards may not be applicable because a determination of the actual market price is required, which may agree with or deviate from the market value.
Keywords: Real estate; Value; Price; Appraisal (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-35548-6_126
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DOI: 10.1007/978-3-642-35548-6_126
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