An accurate market value: from valuation to review of real estate appraisals

Abstract

In valuation, we can talk about the fields of researchers and practitioners. Researchers tend to place more emphasis on finding a foldable statistical model, and practitioners show a preference for reviewing reports. All these efforts have as a common aim the accurate market price for users which must be correctly informed. Thus, there is a lot of research on statistical models in the research area, and in valuation, there is more information on the market value accuracy and its reassurance by reviewing the reports. In this paper, the two opinions of researchers and practitioners meet and provide us with information that the two parts can use in the future. It also helps valuation reports users to distinguish between a correct or distorted value. Users can have more confidence in reports and professionals due to their knowledge of theory and practice.