Opinion report of an expert
■At the court, this report is used if you need to know whether the Real Property Appraisal Report submitted by other party is appropriate or not.
■Market conditions adjustment factor for periodic fair value reporting of rental property as explanatory notes to financial statements.
■This report is not used as a formal document submitted to the court or tax office etc.,
■If the acquisition price of the real estate is unknown, or the price at the time of purchase in the past is unknown, estimate the real estate price at time of purchase.
■Contents
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Second opinion for a report presented by other party’s real estate appraisers, by investigating the report’s appropriateness, reasonableness, and conformity to Japan’s Real Estate Appraisal Standards of real estate appraisal. For example, verify rent level, vacancy rate and various expense etc.,
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Market conditions adjustment factor based on published value of standard sites
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Market conditions adjustment factor based on sales evidence
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Estimate the price at the time of purchase in the past by using market conditions adjustment factor based on published value of standard sites
■Appraisal approaches not in conformity to Japan’s Real Estate Appraisal Standards is allowed as below cases;
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Real property appraisal is used only within the client.
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Disclosed opinion report of an expert does not significantly affect the judgment of the user
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In case real property appraisal is not disclosed, and the consent of the disclosure or submission destination about appraisal approaches not in conformity to Japan’s Real Estate Appraisal Standards, is obtained.
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Not be able to be in conformity to Japan’s Real Estate Appraisal Standards.
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There is justified reason that real property research report based on appraisal approaches is not in conformity to Japan’s Real Estate Appraisal Standards in view of scope of work and scope of users.
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