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A major Problem with Property Valuation
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[QUOTE="olubenson, post: 90360, member: 30401"] Property valuation practice is scarcely precise. This originates from the very nature of real estate property, subject of valuation and its market. Well, owing to the imperfections and inefficiencies in the real estate market, the Valuers are required to form an opinion of value by assessing and determining factors on the basis of expertise and experience. These elements are so inherently biased that different Valuers will apply them in another way when solving the same valuation challenges. Thus Valuers carry on without the perfect knowledge of the market, following client directive to deal with a mixed commodity in which transactions proceeds at prices that often do not signifies market values. [B]Can you tell us more problem that you know affecting Property valuation in your jurisdiction? your input is welcomed!![/B] [/QUOTE]
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