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Comparison Method - Preference Of Adjustment Techniques Among Valuers

Authors :
Anuar Alias
Noor Hana Asyikin Nor Hanapi
Source :
Journal of Design and the Built Environment, Vol 7, Iss 1, Pp 1-9 (2010)
Publication Year :
2010
Publisher :
University of Malaya, 2010.

Abstract

This paper discusses the adjustment techniques applied by valuers in determining the market value of the property. There are several types of adjustment techniques that can be applied in comparison method such as summative percentage, dollar percentage, add and/or subtract percentage, and proper base adjustments. In order to investigate the most preferred adjustment techniques applied by valuers in Malaysia as well as the elements of adjustment, a questionnaire survey is conducted that involves valuers from government and private sectors as respondents. The research reveals that the most preferred adjustment technique among valuers in Malaysia is the summative percentage method with the sequence of adjustment based on the ranking order of tenure, date of transaction, location, physical characteristics, economic, land use and zoning, quantum, topography, and financial terms. This study benefits the profession of real estate especially to practising valuers in Malaysia.

Details

Language :
English, Malay
ISSN :
18234208 and 22321500
Volume :
7
Issue :
1
Database :
Directory of Open Access Journals
Journal :
Journal of Design and the Built Environment
Publication Type :
Academic Journal
Accession number :
edsdoj.0b7d833300c402684cec3672795aee5
Document Type :
article