The Improvement And Application Of The Market Comparison Method In Real Estate Appraisal

Market comparison method is one of the most basic methods in real estate appraisal. Its evaluation result is also the most easily accepted by the parties. But because our country’s real estate market is not yet mature, the application of the market comparison method still has many problems in evaluation practice, making the market comparison method be widely used by restrictions.First, this paper introduces the basic theory of the market comparison method in real estate appraisal. Second, the paper summarizes the problems of the traditional market comparison method:the random selection of comparable examples and the weight values of the influencing factors of the real estate price. Then, using The Gray Correlation Degree Model to solve the two problems, improves the traditional market comparison method. Lastly, a case study of "Evergrande Villas" in Kunming verifies the feasibility and applicability of this improved method.The paper’s conclusion is:Through the analysis of the main problems of the traditional market comparison method and the study of The Grey Correlation Analysis Method, we concluded that The Grey Correlation Analysis Method can solve the problems existing in traditional market comparison method conveniently and quickly, with wide application and popularization value. The paper’s innovation is:Different from the others, we only use one kind of method-The Grey Correlation Analysis Method to solve the two big problems. And the case study is another innovation point.