Appraisal education. Practices

The Appraisal Foundation (USA The Appraisal Foundation (Foundation) is the nation’s foremost authority on the valuation profession.) (https://www.appraisalfoundation.org):

Adopted Valuation Advisories (http://www.appraisalfoundation.org/imis/TAF/Resources/Valuation_Advisories/TAF/Valuation_Advisories.aspx):

  • PB VALUATION ADVISORY 1: BEST PRACTICES FOR VALUATIONS IN FINANCIAL REPORTING: INTANGIBLE ASSET WORKING GROUP – CONTRIBUTORY ASSETS
  • APB VALUATION ADVISORY 2: ADJUSTING COMPARABLE SALES FOR SELLER CONCESSIONS
  • APB VALUATION ADVISORY 3: RESIDENTIAL APPRAISING IN A DECLINING MARKET
  • APB VALUATION ADVISORY 4: IDENTIFYING COMPARABLE PROPERTIES
  • APB VALUATION ADVISORY 5: IDENTIFYING COMPARABLE PROPERTIES IN AUTOMATED VALUATION MODELS FOR MASS APPRAISAL
  • APB VALUATION ADVISORY 6: VALUATION OF GREEN AND HIGH PERFORMANCE PROPERTY: BACKGROUND AND CORE COMPETENCY

American Society of Appraisers (USA http://www.appraisers.org/)

  • ASA Business Valuation Standards (http://www.appraisers.org/docs/default-source/discipline_bv/bv-standards.pdf?sfvrsn=0)
  • Principles of Appraisal Practice and Code of Ethics (http://www.appraisers.org/docs/default-source/education/the-asa-principles-of-appraisal-practice-and-code-of-ethics.pdf?sfvrsn=8)

International Valuation Standards Council (United Kingdom https://www.ivsc.org/about)

  • International Valuation Standards

RICS: Royal Institution of Chartered Surveyors (http://www.rics.org)

  • RICS Valuation – Professional Standards

TEGoVA,The European Group of Valuers’ Associations is a European non profit making association composed of 71 valuers’ associations from 37 countries (https://www.tegova.org/)

  • European Valuation Standards (EVS)

Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States. USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal.

  • Uniform Standards of Professional Appraisal Practice (USPAP)

 

literature

Eurostat-OECD Compilation guide on land estimations https://books.google.com.ua/books?id=pvcUCgAAQBAJ&pg=PA70&lpg=PA70&dq=correction+on+size+of+land+plot&source=bl&ots=XF0MYJh7pp&sig=YDuLyK5Fl0GoG_e62-4rwvZhVuI&hl=uk&sa=X&ved=0ahUKEwjtvPSIrrvNAhWD6CwKHTo5BzUQ6AEIQzAE#v=onepage&q=correction%20on%20size%20of%20land%20plot&f=false

How to become an appraiser in Ukraine

Appraisers estimate the cost and value of commercial or residential real estate properties, business, assuring that the appraisal process complies with state regulations.

Appraisers may have a general practice or specialize in either residential or commercial properties, business.

Career Requirements:

  • Degree Level: Associate’s degree, bachelor’s degree
  • Trainin: Teaching, training, exam
  • Licensure and Certification: State certification required

Qualification certificate:

  1. Valuation of objects in material form
  2. Assessment of integral property complexes, shares, securities, property rights and intangible assets, including rights to intellectual property

The main law regulating appraisal activity in Ukraine is the law “On appraisal of property, property rights and professional appraisal activity” from 12.07.2001.

Real estate market Lviv Ukraine May 2016

The Lviv appartment market will stagnate in 2016 but for renters, 2016 will be a difficult year, as rents continue to rise strongly.

2016_05_30_graf_sq_m

Price per square meter appartment in Lviv Ukraine. November 2016

DistrictValue USD/sq.m.
Halytskyy1120
Zaliznychnyy780
Lychakivskyy850
Shevchenkivskyy770
Sykhivskyy700
Frankivskyy830
Average810

March – April 2016. The trend – decline in the real estate market continues Lviv

The trend of stable prices creep slightly down. However, the “prestige” apartment prices stable, probably due to their low offer. Buildings falling building mass series, new lower bit rate.

Price per square meter appartment in Lviv Ukraine. November 2016

DistrictValue USD/sq.m.
Halytskyy1120
Zaliznychnyy780
Lychakivskyy850
Shevchenkivskyy770
Sykhivskyy700
Frankivskyy830
Average810

Dynamics prices of apartment in lviv Ukraine (USD per sq.m.)

2016_04_21_graf_sq_m

Apartment price per square meter in Ukraine Lviv

Among countres Ukraine takes 20 place in rating for average per square metre (sq. m.) prices of 120-sq. m. apartments located in the centre of the most important city of each country. (source: global property guide).

Neighboring is a Slovenia, Andorra, Turkey, Malta.

For example average price per square metre (sq. m.) in Monaco €44,522; UK €25,575; Russia €11,866; Italy  €5,930; Ukraine €2,807; Poland €2,482; Estonia €2,373; Romania €1,537; Hungary €1,528.

In Ukraine the most high price have Kiev. Average price per square metre appartment (not premium) USD 1475.

Lviv also among fist place with price USD900.

But if we compare indicators such as gross national income per capita, population city, average annual wages we have model that will permit do forecast. Simple calculation gives result, that average price in Lviv is USD500 -USD800.

So maybe price will decrise.

Four steps how to Negotiate the Price When Buying a House

  1. Determine your walk-away price
  2. Assess your dream house
  3. Make a tough opening offer
  4. Negotiate a lower price

Note:

Sales prices are better indicators of true market value than asking prices

Sellers who won’t discuss their asking price in relation to similar homes in the neighbourhood are not serious sellers. They are either in two minds about selling or just want to find out how much they can get for their property.

Cash flow

Cash Flow – сash that is generated over a period of time by an asset, group of assets, or business enterprise. Usually used with a qualifying word or phrase.

The cash flow distinguishes between three main types of cash flows:

– operating cash flows (CFO), is/are cash received from profit-generating activities, for example, sales, and cash used in profit-generating activities, such as cash salaries and cash paid to suppliers

– investing cash flows (CFI), is/are cash received from selling non-current assets, so for example, selling old machinery; and financial investments, for example, cash invested in the purchase of machinery and buying financial investments.

– financing cash flows (CFF) is/are the cash received from issuing shares and borrowing, and cash returned to shareholders and lenders