Valuation Research In Construction Mortgage Cash

With the gradual development of the real estate industry, the current bank adopts way intoreal estate projects under construction to a mortgage credit scale has expanded year after year.How to value the mortgage under construction project assessment and determine the appropriateamount of the loan becomes particularly important. Due to the dispute in currently theoreticalcircles on the type of mortgage value and assessment in actual operation is more based on marketvalue, banks and other financial institutions mostly discount the market value which is given byappraisal agency according to the experience of staff to get the mortgage value. However, thismethod needs very experienced bank staff and the result is not very accurate. So, it is very easy tocause overestimate or underestimate in a certain range and losses to banks or developers.Started from the basic theories of real estate mortgage appraisal, this paper does an in-depthresearch on the type of real estate mortgage appraisal value in the first. Then, this paper analyzesthe current problems and reasons caused in the real estate mortgage appraisal. This paper alsointroduces several kinds of traditional evaluation methods and analyzes the applicability of thesemethods in the mortgage realizable value assessment of projects under construction. Next,based on the theoretical research above and combined with the particularities of construction inprogress, this paper puts forward two new methods to assess the mortgage realizable value ofconstruction in progress: liquid coefficient method and market reference method. In the liquidcoefficient method, trapezoidal fuzzy decision theory has been introduced and model has beenbuilt to obtain a more reasonable and accurate liquidate coefficient. In the market referencemethod, the model of fuzzy pattern recognition has been introduced to calculate the close degreebetween the construction in progress and comparable cases，and then picks some best comparableinstances according the results and adjusts the value in the way of normalization method to get amore reasonable and accurate result. In addition, according to different applicability of these twomethods, this paper combines them to form a more effective comprehensive evaluation method.Finally, this paper analyzes and verifies these methods by a actual case analysis. So we can get amore accurate, reasonable and effective mortgage realizable value, and provide scientific basisfor the banking sector in the future.