The Research On The Application Of Market Comparison Method In Real Estate Appraisal

After the reform and opening up,our modern real estate appraisal industry began existing, as the market economy continues to develop, sale of real estate, mortgages and other activities increasing number of real estate valuation techniques and related regulatory policies also will be gradually formed, the real estate appraisal industry as a whole the rapid development of the system development. At the same time, some foreign advanced theory and valuation methods have been introduced into the country. Real estate appraisal method also will become diversified. Market comparison approach as an earlier assessment methods, because the process is simple, understandable, and the results are closer to the market value, has been widely used in real estate appraisal profession. However, in the assessment process, market comparison approach still has some operational problems, in order to drawing closer to the market value of real estate prices better, and constantly improve the market comparison approach is particularly important.According to the actual evaluation and assessment method and real estate related concepts and process analysis to the market, we find out the market comparison approach of the implementation that have two imperfections in the process, one is selecting case, the second is the correction factors.In the Evaluation criterion, if we select comparable cases, we must select the same as the valuation of the object or the most similar transactions. In practice, when the valuation by the market comparison approach, in line with the requirements of comparable transactions selected cases may be more examples, how to select the most appropriate comparable cases from a number of similar transactions example, we rely mainly on the appraiser's experience. However, for inexperienced appraisers, the selected comparable cases may not be the most similar to the valuation of the object. To solve this problem, the introduction of the concept of fuzzy mathematics and close degree of membership of selected comparable cases, to make up for insufficient appraiser experience, resulting in comparable cases selected deviation. Another key point is the application of market comparison approach factor correction. In practice, the correction factor method is too simple and does not take into account different factors that could impact the price of real estate is different, so this system to establish real estate price factors using AHP, using expert scoring structure comparison matrix obtained their real estate price factors weight, and the weight ratio of the right combination of factors amended by revising standards, the correction ratio is more accurate, the evaluation process is more persuasive. In order to verify the feasibility of the above-described improved method to the utmost international city somewhere in the real estate valuation, for example, before the use of improved methods and improved methods were assessed and the results were compared with the actual transaction price, obtain improved methods to assess the results closer to the market value of the conclusion. As well as the feasibility of improved methods and theory and practice are analyzed, described an improved method has certain enforceable. Finally, in the conclusion of this paper, Real estate appraisal industry will develop as a complete system.This paper attempts to use quantitative analysis and qualitative analysis method to solve two problems. One is selecting comparable cases and other is determining factors' weight.We also hope to use the real estate assessment market comparison approach is more scientific and rational assessment results are more accurate and reasonable.