Market Research
A real estate appraisal market research report is a report that includes detailed analysis and research to determine the market value of an immovable property.
This report covers the following elements:
- Market Analysis: Sales and rental prices of similar properties in the area are analyzed. This is an important step to determine the market value of the property.
- Economic and Demographic Data: Demographic and economic data such as the economic situation of the region, population structure, unemployment rates are analyzed.
- Regional and Local Examination: The characteristics of the region where the property is located, transportation facilities, social and commercial infrastructure are assessed.
- Legal Status: Issues such as the title deed status of the property, zoning status, existing legal issues are examined.
- Physical Properties: The physical condition of the property, such as age, quality of construction, state of use, state of maintenance are assessed.
- Comparative Appraisal Approaches:
- Peer Comparison Approach : Comparison with sales/rent prices of similar properties.
- Income Approach: Appraisal is based on the income the property will generate (especially for properties to be rented out).
- Cost Approach : Appraisal is based on the reconstruction cost of the property.
- Market Trends: Analyses are made about future market trends and prospects. This provides information about the future value of the property.
This report helps investors, financial institutions, property owners and other interested parties to understand the real value of the property and make the right decisions.
