【正文】 s on the next two slides.Page 45050China Institute of Real Estate Appraisers and AgentsComparables 1 and 251China Institute of Real Estate Appraisers and AgentsComparables 3, 4, and 5 52China Institute of Real Estate Appraisers and Agents167。 The data implies that there is currently a 37month supply of homes for sale in this market. 167。 Count the number of oCurrent listings available within those buyer criteriaoComparable sales that have closed in the last 12 months167。 Search tools can pile data from a small, local market area. 167。 Are market conditions in a munity applicable to all price ranges? 167。 Be able to divide a market into submarkets to identify trends that affect one segment but not all of them將市場(chǎng)細(xì)分 , 分析局部對(duì)整體的影響30China Institute of Real Estate Appraisers and AgentsIs Information from One Market Applicable or Transferable to Another?一個(gè)市場(chǎng)的信息可以應(yīng)用到另一個(gè)市場(chǎng)嗎167。 The broker fee is 6% and other costs add 1%. 167。 The property was correctly appraised at ￥ 300,000, but it was overpriced and did not sell. 167。 An appraiser erroneously appraises a property for ￥ 300,000 that is worth only ￥ 275,000. 167。 Appraisers need to be able to develop “trend analysis tools”.估價(jià)師應(yīng)該有能力開發(fā) “分析市場(chǎng)的工具 ”.6China Institute of Real Estate Appraisers and Agents167。1China Institute of Real Estate Appraisers and AgentsAppraisal of Residential RealEstate in Declining Markets市場(chǎng)下跌時(shí) , 如何評(píng)估住宅房地產(chǎn)主講人 : Mark Rattermann, MAI, SRA聯(lián)系方式 2China Institute of Real Estate Appraisers and AgentsSeminar Learning Objectives主要內(nèi)容n Recognize general sources of market information that may give indications of market n Recognize a decline in a local market when it 市場(chǎng)出現(xiàn)的下跌趨勢(shì)n Measure the value losses in local n Apply the measured rate of change in the analysis of real estate using the cost approach, ine capitalization approach, and sales parison , 收益法 , 市場(chǎng)比較法分析房地產(chǎn)時(shí) , 如何考慮價(jià)值的變化n Illustrate the tools necessary to show your clients the results of the research and analysis (numeric and graphic).給客戶演示研究和分析結(jié)果的工具 (數(shù)字和圖表 )n Apply various methods to recognize and adjust for market 用不同的方法 , 分析和調(diào)整市場(chǎng)的變化n Apply these techniques in simulated real estate situations through case studies. 案例分析 Slide Page vii3China Institute of Real Estate Appraisers and Agents Slide Section 1 第一部分Part Markets 下跌的房地產(chǎn)市場(chǎng)Part Market Data 市場(chǎng)數(shù)據(jù)Part the Market 深入了解市場(chǎng)Part the Market—Tools 市場(chǎng)分析的工具Part 5. Case Studies (optional) 案例4China Institute of Real Estate Appraisers and Agents Slide Part 1. Declining Markets第一節(jié) : 下跌的房地產(chǎn)市場(chǎng)167。 Recognize economic problems when they occur.及時(shí)發(fā)現(xiàn)經(jīng)濟(jì)中存在的問題167。 In this market, values are increasing at 10% per year.167。 The seller aggressively lowered the price by .25% each month.167。 The broker turned down the listing because the sellers did not have any more money. 167。 If an appraiser sees prices falling in one market, can it be assumed they are falling in all parts of the same geographic area? 167。 The factors causing high or low demand do not have to be applicable to all demographics.167。 Some of this data is piled and graphed for the broker or appraiser as shown on the following graph. Part 4. Measuring the Market—Tools Local Databases市場(chǎng)分析的工具37China Institute of Real Estate Appraisers and AgentsLocal Database Information – precalculated analysisPage 222Local Database Information當(dāng)?shù)財(cái)?shù)據(jù)信息n Some databases allow appraisers to download large amounts of sales information. This data can be interpreted and presented by the appraiser to support conclusions. There are graphic tools and regression tools available. For example。 Divide the number of listings by the monthly absorption rate.167。 Appraisers who feel the need to report the perimeters of the search should not include bedrooms, a school system, or other attributes that may cause fair housing concerns.47China Institute of Real Estate Appraisers and Agents Example—Supply and Demand Analysis of Undersupply167。 Notice the older sales indicate a higher value than the more recent parable 3. 167。 The study of days on market (DOM) can be a good tool. 167。 The fourth time, “Southlake” was listed as two words, “South Lake.”Page 45658China Institute of Real Estate Appraisers and Agents Slide The study of list price to sale price ratios can also be misleading. See Example. Tools—Using Days on Market (DOM) and List Price to Sale Price Ratio59China Institute of Real Estate Appraisers and Agents167。 A higher value conclusion could also be due to unrecognized functional problems, bias, or errors in the current cost or site value estimates. Tools—Comparing the Cost Approach to the Sales Comparison and Ine Capitalization Approaches61China Institute of Real Estate Appraisers and Agents Slide Fannie Mae requires a oneyear sales history for the subject prior to the