Author Archives: KG SEPTIMA

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. October 2016

DistrictValue USD/sq.m.
Halytskyy1110
Zaliznychnyy780
Lychakivskyy830
Shevchenkivskyy790
Sykhivskyy700
Frankivskyy840
Average650

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

2016_04_21_graf_sq_m

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.

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

SWOT Analysis

When examining the potential for a new business or product, a SWOT analysis can help determine the likely risks and rewards. SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that can help your company face its greatest challenges and find its most promising new markets.

Situation analysis: internal analysis (Strengths, Weaknesses)

Situation analysis: external analysis (Opportunities, Threats)

SWOT: Strengths; Weaknesses; Opportunities;Threats

Business valuation, Real estate appraisal

  • Valuation

In finance, valuation is the process of estimating what something is worth. Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to effect a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and many other business and legal purposes such as in shareholders deadlock, divorce litigation and estate contest. In some cases, the court would appoint a forensic accountant as the joint expert doing the business valuation. So business valuation, the process of determining the value of businesses.

  • Appraisal

An Appraisal is the act or process of determining the value of a business, business ownership interest, security, or intangible asset, real property.

  • Real estate appraisal

Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their location, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical . Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to set the sale price of a property. So real estate appraisal, the practice of determining the value of real property.