The Analytical Foundations of Adjustment Grid Methods

Colwell, Peter F.; Cannaday, Roger E.; Wu, Chunchi

doi:10.1111/1540-6229.00277

Cited by 65 publications

(36 citation statements)

References 3 publications

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“…In some of the older literature, it is called the Market Data Approach, while elsewhere it is referred to as the Grid Adjustment Technique [46]. The Market Comparison Approach (MCA) is an assessment procedure that leads to the evaluation of the market value of a property based on a comparison with the prices of similar properties recently purchased or sold.…”

Section: Methodsmentioning

confidence: 99%

Buildings Energy Performance in a Market Comparison Approach

et al. 2017

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Abstract:The current regulations on the energy certification of buildings represent for the real estate market and the building sector a real cultural revolution. In recent years, the focus on the energy efficiency of buildings has grown exponentially. It is therefore necessary that the property valuations and methodologies used for this purpose bear in mind the energy quality of buildings. This study aims to determine the contribution of an energy performance feature to the real estate property value. This information can help, on the one hand, to understand the energy savings and the corresponding savings income in the property management and, on the other, to control the air pollution from CO 2 emission reduction. The energy performance hedonic price and the CO 2 emission price are appraised in the Market Comparison Approach (MCA).

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Section: Methodsmentioning

confidence: 99%

Buildings Energy Performance in a Market Comparison Approach

et al. 2017

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“…The main problem with this method is the requirement for many observations to produce reliable parameters of evaluation (see, e.g. Colwell, Cannaday & Wu, 1983;p. 20).…”

Section: Decision Support For Real Estate Evaluationmentioning

confidence: 99%

An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method

2011

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ABSTRACT. Evaluation of real estate properties is an important factor in any economy. The appraisal process is rather subjective, based on the appraiser's experience and intuition. Attempts are being made to help appraisers produce more stable and reliable results. In the paper the authors present an integrated approach to the problem based on the multicriteria decision making framework. The process is carried out through three phases using the multicriteria method TODIM. An "adjusted value" iterative procedure for market value estimation is proposed. The final property price ensures that the overall quality of the alternative obtained through the TODIM method is not farther from the comparable properties on the market than the stated threshold. The process is illustrated through an application in the city of Volta Redonda (Brazil). The results are compared with the "proportional approach". The "adjusted value" approach showed significant improvement compared to the "proportional" adjustment of market values.

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“…Autoriai pabrëþia, jog, taikant lyginamosios vertës metodà, bûtina atsiþvelgti á visus vertae lemianèius veiksnius, tarp jø ir á kaimynystës veiksnio poveiká. Colwell, Cannaday ir Wu savo tyrime [12] pritaiko maþiausiøjø kvadratø metodà vertei turintiems átakos veiksniams nustatyti. Pritaikius ðá metodà, tokiø veiksniø poveikis gali bûti eliminuojamas atlikus elementarià daugianarae koreliacinae-regresinae analizae.…”

Section: Individualiø Namø Vertinimo Apribojimaiunclassified

Peculiarities of Private Houses Valuation by Sales Comparison Approach

Raslanas

Tupėnaitė

2005

Technological and Economic Development of Economy

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Sales comparison approach is the most often used approach in private houses valuation practice. This article discusses cases of sales comparison approach method application; its methodology as well as key factors to be considered in objective private houses valuation. Furthermore problem of not sufficient comparative sales prices in neighborhood is discussed emphasizing on its influence to appraised object value reliability. In order to avoid incorrect valuation basing on experience of the USA and other foreign countries some proposals for Lithuanian valuation methodology were given: to establish an exact number of comparative objects, to distinguish the key factors to be considered in every special private houses valuation case and to establish variance limits between appraised object value and comparative sales prices. In order to guarantee real estate market transparency professional appraisals organizations must be established to be responsible for real estate market research as well as analysis data and sales prices official announcements and other information spread tasks.

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The Analytical Foundations of Adjustment Grid Methods

Cited by 65 publications

References 3 publications

Buildings Energy Performance in a Market Comparison Approach

Buildings Energy Performance in a Market Comparison Approach

An integrated multicriteria decision-making approach to reale state evaluation: case of the todim method

Peculiarities of Private Houses Valuation by Sales Comparison Approach

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