The valuation subjectspecified in the valuation report:
The appraiser to obtain the final value of the object of valuation coordinates (summarizes) the results of the calculation of the value of the object of valuation using different valuation approaches and valuation methods.
If the appraiser uses more than one valuation method in the application of any approach, the results of applying valuation methods should be agreed upon in order to determine the value of the valuation object determined as a result of applying the approach.
The total value of the valuation subject specified in the valuation report can be considered recommended for the purposes of the transaction with the valuation objects, if no more than six months have passed from the date of the valuation report to the date of the transaction with the object of evaluation or the date of the public offer.
The total value of the cost should be expressed in the currency of the Russian Federation (in rubles).
The appraiser is obliged to use cost, comparative and income approaches to the assessment, or to justify the refusal to use one approach or the other.
The appraiser has the right to independently determine the specific methods of evaluation in the framework of the application of each of the approaches.
Stages of evaluation:
The assessment includes the following steps:
- a) The conclusion of the contract for the evaluation, including the assignment for evaluation
- b) The collection and analysis of information necessary for the assessment;
- c) The application of approaches to the evaluation, including the choice of evaluation methods and the implementation of the necessary calculations;
- d) Agreement (generalization) of the results of applying the approaches to the assessment and determining the total value of the value of the object of evaluation;
- d) The preparation of an evaluation report.
The appraiser collects and analyzes information necessary for the assessment of the subject property. The appraiser studies the quantitative and qualitative characteristics of the appraisal object, collects information that is essential for determining the value of the appraisal object using the approaches and methods that, based on the appraiser’s judgment, should be applied during the appraisal, including:
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- a) Information on political, economic, social and environmental and other factors influencing the value of the subject property;
- b) Information on supply and demand in the market to which the object of evaluation relates, including information on factors affecting supply and demand, quantitative and qualitative characteristics of these factors;
- c) information about the appraisal object, including title documents, information about encumbrances associated with the appraisal object, information about the physical properties of the appraisal object, its technical and operational characteristics, wear and obsolescence, past and expected revenues and costs, accounting and reporting data, relating to the subject property, as well as other information that is essential for determining the value of the subject property.
The information used in the assessment must meet the requirements of sufficiency and reliability.
Information is considered to be sufficient if the use of additional information does not lead to a significant change in the characteristics used in the evaluation of the subject property, and also does not lead to a significant change in the total value of the subject property.
Information is considered reliable if the information is true and allows the user of the evaluation report to make correct conclusions about the characteristics that the appraiser examined when conducting the assessment and determining the total value of the valuation object, and to make informed decisions based on these conclusions.