APPROACH_TO_VALUE

Description
Information about the three recognized methodologies for determining real property value: cost approach, sales comparison approach and income approach. The appraiser will identify which of the approaches were applicable in his opinion and applied in the assignment. The appraiser considers the scope of work, definition of value, subject property characteristics, and the quality and quantity of data available for each approach.

Type : APPROACH_TO_VALUE

Definition
Information about the three recognized methodologies for determining real property value: cost approach, sales comparison approach and income approach. The appraiser will identify which of the approaches were applicable in his opinion and applied in the assignment. The appraiser considers the scope of work, definition of value, subject property characteristics, and the quality and quantity of data available for each approach.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
COST_APPROACHInformation about the estimated cost and accrued depreciation of improvements, land value and other facts used in the cost approach to value.Information about the estimated cost and accrued depreciation of improvements, land value and other facts used in the cost approach to value.
EXTENSION
INCOME_APPROACHInformation about the income producing aspects of the property such as estimate of market rent, rent schedules, and gross rent multipliers as used in the income approach to value.Information about the income producing aspects of the property such as estimate of market rent, rent schedules, and gross rent multipliers as used in the income approach to value.
SALES_COMPARISON_APPROACHInformation about the results of the sales comparison approach to value developed by the appraiser. This approach compares the characteristics of similar properties to the subject property. The process uses recognized techniques to adjust the prices of the comparable properties according to the presence, absence, or differences in characteristics.Information about the results of the sales comparison approach to value developed by the appraiser. This approach compares the characteristics of similar properties to the subject property. The process uses recognized techniques to adjust the prices of the comparable properties according to the presence, absence, or differences in characteristics.

Attributes
label

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\SERVICES\SERVICE\VALUATION\VALUATION_RESPONSE\VALUATION_REPORT