Research On The Market Comparison Approach Of Real Estate Appraisal Based On One-price Assumption

The real estate appraisal as an necessary work of the real estate development and management process has already been attached importance by people. With the continuous development of the society and economy, the applied field of real estate will be wider and wider. Market comparison approach is a means of evaluating the price of real estate with reference to the real cost price of current real estate with similar qualifications. At present, the approach is widely used and can be accepted most in the appraisal system. Consider about the booming local markets and gradually fair play, it is significant to study and improve the market comparison approach.In our country, the step of the study on real estate appraisal is relatively later. We are yet at the stage of exploring to the research of the market comparison approach, so it is now a trend to use market comparison approach to evaluate real estate, and how to use it scientifically is a problem to be solved urgently in real estate circle of our country. Based on the basic principle of the real estate, this paper analyzed the problems of the market comparison approach in the real estate evaluation practices. The major problems include incompletion of factors-revising and the most important problem in practices is to eliminate the errors caused by estimators'subjectivity.In order to solve the drawback the subjectivity bring to us, based on the basic principle of the real estate, we introduced the latest one-price Assumption theory into the market comparison approach, built up the one-price assumption appraisal model, analyzed the factors systematically and proposed quantized methods. At last, combined with real example analysis, this thesis take advantage of the model set up before, offer the appraisal process in detail, illustrates the model can eliminate the errors caused by estimators'subjectivity, and can get a more reasonable price of the real estate to be evaluated. The market comparison approach has been improved effectively.