Abstract
The Significance of Amendment to “Criteria for the Appraisal of Real Estate” from a licensed real estate appraiser's point of view.
In securitization market Property Appraisal Report is useful for asset evaluation, LTV test, an investment decision etc. The Property is not One Price but rather exist in price range resulting from various cash-flow scenarios. Accordingly detailed due diligence process is necessary for appraisal report's accuracy. Amendment to “Criteria for the Appraisal of Real Estate” requires cooperation among market players or higher level of objectivity and accountability of the report more than before. Format unification on DCF method will make it possible to verify the report with others and lead to enlarge variety of database.
