The Modifications And Improvements Of The Real Estate Evaluation Methods

Market Comparison Approach, Income Approach and Cost Approach are the three basic approaches in our nation's Real Estate Appraisal.In practice,there exists a common problem in the approaches, that is, the appraisal proeesses are all too subjeetive, depending on the experience of the real estate appraisers too much.This not only will make the result of appraising unreliable, but also may result in the moral risk, and then go against on the development of the whole real estate market. So it's in ugrent neeessayr to set up models to make qunatitative analysis in the appraisal proeess.So the article of real estate method appoication based on the qarameter determination of the market comparsion method, the income law and the cost law in detail and proposed some new ideas about that, and will separately introduce the mathematical modal in these estimate method, and definite real estate estimate by qulta method.First of all, with the background and research meaning, the article introduces real present situation of domestic and overseas real estate estimate. Second it outlines the basic normally used concepts and factors in the real estate estimate as well as proposes rationales, application conditions and operating steps of market comparison method, income approach and cost approach. Then it analyzes exsiting problems and difficult points of the above-mentioned three methods, while it comes up with the application and comfirms the superiority of the set-pair analysis in market comparison method.As regards income approach, with the overseas concept of capitalization rate, this article brings in the concept of capitalization regaining rate, which makes capitalization rate more complete and eliminate deviations of income approach to some extent.Concerning cost approach, with the analysis of consist of the real estate price, this article lists the normally used method of building depreciation and introduces the fuzzy quality synthetic evaluation in the degree of new and old, with the example of comfirming its superioty.