房地产评估报告-翻译模板.doc

Real Estate Evaluation ReportName of Project: Entrusting Party: Appraisaling Institution: Appraisers: Appraisal Working Date: Appraisal Report No.: Content1. Letter to the Entrusting Party2. Statement by the appraisers3. Presumption and restrictive conditions4. Real Estate appraisal result report 5. AppendixLetter to the Entrusting PartyXXX: We accepted your appointment to conduct the appraisal on your real estate that you have entrusted us. The appraised object is the real estate located at Room 203-2,Floor 2, Building 1,Shiji Jinyuan Jiaju Square, No. 31 Qianjin Road, Fancheng District,Xiangyang City.Appraisal Object: Real estate of Room 203-2,Floor 2, Building 1,Shiji Jinyuan Jiaju Square, No. 31 Qianjin Road, Fancheng owned by Yu Jie, i.e., the total construction area of 121.19 square meters of non-residential building droit and corresponding allocation of state-owned land use right. Purpose of Appraisal: Supplying the reference basis of real estate market price for the entrusting partys knowledgeAppraisal Date: Nov 16, 2013 The appraisers have assessed the value of the above-mentioned real estate on the basis of independence, impersonality, equity, legitimacy and cautiousness, adhering to on-spot inspection of the real estate as well as comprehensive collection of related market information and appraised object information, in the light of general analysis the elements which will influence the market value of the real estate, comply with state regulations on real estate appraisal, real estate appraisal rules and given appraisal purpose as well as by utilizing logical appraisal processes and methods. The appraisal result of the appraised object on Nov 16, 2013 is as follows (currency: RMB):Unit Price of the appraised object：RMB15009 Yuan/Square MeterTotal Price of the appraised object: RMB1, 818,900.00 Yuan, among which the house value is RMB1, 725,400.00Yuan, and the land value is RMB93, 500.00 Yuan.Declaration：In use of this report, please note the evaluation assumptions and constraints of this appraisal report, and the report of the full text as an integral whole, only part of the content is not become effective valuation report.Xiangfan Chengzuo Real Estate Appraisal CO., LTD 11/17/2013Statement by the AppraisersWe hereby solemnly declare the following:1. All of the information which has been shown in this report is authentic and accurate.2. All of the analyses, comments and conclusions which have been shown in this report have been presented, given and drawn through our impartial analysis and professional knowledge. However, all of them have been restricted by the presumptions and restrictive conditions which have been explained in this report.3. We have not had the interest conflict with the appraised object, nor have common interests with or prejudice against the entrusting party.4. According to “Real Estate Appraisal Rules” GB/T50291-1999 which is the State Standard of the Peoples Republic of China and “Real Estate Mortgage and Appraisal Guidance” jointly issued by the ministry of construction, the bank of China, the China banking regulatory commission, we presented analyses, given comments, drawn conclusions and compose the report eventually.5. The appraisers who take charge of on-site inspection are Xu Dong and Mi Yongjun on Nov 16, 2013. 6. Price valuation report of Allocation of land use right cited real estate evaluation report Chengzuo Guzi(2013) No.10104-14. The registered real estate appraisers who take charge of the appraisal: Xu Dong Registered Public Real Estate Appraiser of P. R. China (Registration No.: 4220040031) Signature: Mi Yongjun Registered Public Real Estate Appraiser of P. R. China (Registration No.: 4220040153) Signature: Presumption and Restrictive Conditions1. The entrusting party obtained the appraised object legally and the appraised object is in sound condition at the appraisal time and is used legally, safely and normally at its optimal status. 2. The real estate market at the appraisal time operates publicly, equally and voluntarily.3. Any operation mode and procedure relating to the appraised object shall comply with the relevant national and local laws and regulations.4. The owner, the location, the category of property, the building area and the function of the appraised object in this report shall be subject to what have been recorded in the House Proprietorship Certificate provided by the entrusting party.5. The appraisal result in this report is the market value of the real estate at the appraisal time of 5th, July, 2010 and meets all the presumption and restrictive conditions. The real estate price shall be reappraised in case the conditions and purpose set in this report vary.6. The appraisal price in this report is objective and impartial market price, without considering the influence on the appraisal result by other rights such as mortgage and leasing right, risk of the future change of the real estate market, short-term disciplinary measures and relevant taxation, etc.7. The appraisal result shall remain effective within one year since the finalization of the report. If during the period, there is major change in national macroeconomic policy, the real estate market or the physical status of the appraised object which has major effects on the appraisal result, we shall be appointed again to perform the appraisal.8. The report shall only be used for the purpose of appraisal by the entrusting party, that is, to supply referential basis for the entrusting party to determine the market value of the real estate. The report shall not be used for other economic activities.9. The report shall be used as a whole and we shall not be held liable for the relevant losses resulted from the use of the part of the report.Appraisal Result Report1. The Entrusting Party:2. The Entrusted Appraising Party:3. Appraised Object: (1) Status of rights LocationHouse Ownership Certificate No.House OwnerNature of Real EstatePrivate-owned real estateConstruction StructureReinforced Concrete StructureFloorConstruction AreaInner Construction AreaDesign ApplicationNon-ResidencePractical ApplicationNon-ResidenceLayoutConstruction YearNewness RateSource of Property RightNature of Property RightShared by personsShared property right certificate No.-Land Use Right Registration No.Land GradeLand Use Right OwnerUsing TermCommercial BuildingUsing Right TypeTransference(Remise)Use Right Area30.51 Terminal Date3/2/2046According to the client, no ownership dispute valuation object till estimate point, no other right set, there is no other legal seek preferred payments(2) Status of ProprietorshipThe appraised object, located at Building 1, Shiji Jinyuan Jiaju Square, No. 31 Qianjin Road, Fancheng District,Xiangyang City, is a multiple-use building with steel reinforced concrete structure. The building finished in year 1996(register for 4 floors, and additional 12 floors finished in year 2007), south to Qianjin Road, east to Leyuan Alley, with ouside wall brick and aluminum alloy window. The 1st to 4th floor of Building 1,Shiji Jinyuan Jiaju Square, No. 31 Qianjin Road, Fancheng District,Xiangyang City are for commercial use of “Shiji Jinyuan Home Furnishing Square” . The entrance of the square is at the interchange of Qianjin Road and Leyuan Alley. The entrance door is glass door with double gate. There is fire stairs at the southwest side of the building and lift at the center of the “Square”. The appraised object is the Room 203-2, with interior decoration as: floor brick, latex paint, plasterboard ceiling. The main structure is in good condition with complete water and electricity wire, together with fine property management. (3) Regional Effects Analysis District general condition: The appraised object is located at Shiji Jinyuan Jiaju Square, No. 31 Qianjin Road, Fancheng District,Xiangyang City, south to Qianjin Road, east to Leyuan Alley, north to Maosheng residential community, west to Gas Company employee residential community. The location is about 1000m from the traffic center to enjoy the traffic convenience and also prosper business development. Transportation condition: The appraised object located near concentrated transportation network like Qianjin Road and Xinhua Road. Qianjin Road has bus No. 14, 25, 26, 38, 535, Xinhua Road has bus No. 10, 22, 23, 547 and the train station is just 1000m away. Business prosperity: The appraised object is located in the trading center of Xiangyang train station, surrounded by Shiji Jinyuan office building, Baihe small commodity market, Qianjin market, Xinhua market, Zhongnan market, Baihe fruit wholesale market, WUshang discount store. The business in this location is vigorous and prosperous. Tourist flow rate: The appraised object is located in the center of the Fancheng district with business prosperity, high population intensity and high tourist flow rate. Public facilities: Near to Qianjin Road Primary School, Xinhua Road Primary School, Zhiyuan High School, City Ninth High School, City Railway Center Hospital, City Traditional Hospital, PLA 477 Hospital, Xinhua Amusement Park. Environment condition: The appraised object is in the commercial trading area with good environment condition, no water or air pollution. (4) Purpose of the Appraisal To supply the reference basis of real estate market price for the entrusting partys knowledge, not for other uses. (5) Time of the AppraisalNov 16, 2013 (Same date for investigation and appraisal)(6) Definition of ValueReal estate mortgage value equals to the market value of the appraisal time, which assumes that there is no statutory priority under the authority of the market value of real estate minus the statutory priority payments. (7) Appraisal Basis: “Administration Rule of Urban Real Estate of P. R. China” “Guaranty Law of P.R. China” “Administration Rule of Urban Real Estate Mortgage” National Standard “Regulations for Real Estate Appraisal” of P. R. China (GB/T50291-1999) “Notice of benchmark land price of Xiangfan City from Xiangfan Peoples Government( updated in 2006)” (Xiang Zhengfa2007-32) The relevant documents supplied by the entrusting party Relevant documents concerning the real estate market mastered and collected by the appraising party(8) Appraisal Principles: Principle of independence, objectivity and fairness: The real estate appraisal shall be conducted on the basis of independence, objectivity and fairness. Principle of legality: The real estate appraisal shall be conducted on the basis of the legal proprietorship of the real estate, which contains the legal use, legal transaction or disposition, etc. Principle of Prudence: We shall not overestimate benefits and costs, and shall not choose cases with higher deal price; we shall not underestimate cost rate and choose lower relative parameters either. Prudence is necessary before making professional judgment under uncertain situations. Principle of Maximal and Optimal Use: The appraisal of the real estate shall be based on the maximal and optimal use. Principle of Appraisal Time: The appraisal result is the objective and reasonable price or value of the appraised object at the appraisal time. Principle of Replacement: The appraisal result shall not deviate from the normal price of similar property under similar conditions obviously.(9) Appraisal Method: According to the appraisal purpose, the development degree of Taiyuan Real Estate market and the appraisal maneuverability, on the basis of analyze the relevant data and investigate appraised object on-site. In view of the real estate of the same kind has a high frequency of leasing, as a result of this, the appraisers calculated the price of the appraised object by market comparison method. Consequently, according to the characteristics of the appraised object and the actual situation, as well as comply with the doctrine of real estate appraisal method, the method has been adopted to determine the market value of the appraised object.The method is to anticipate the normal net profit of the appraised object in the future and choose suitable capitalization rate to discount such profit to the appraisal time for accumulation, in order to estimate the objective and reasonable price or value of the appraised object.(10) Appraisal ResultThe appraisers have assessed the value of the above-mentioned real estate on the basis of independence, impersonality, equity, legitimacy and cautiousness, adhering to on-spot inspection of the real estate as well as comprehensive collection of related market information and appraisal object information, in the light of general analysis the elements which will influence the market value of the real estate, comply with state regulations on real estate appraisal, real estate appraisal rules and given appraisal purpose as well as by utilizing logical appraisal processes and methods. The appraisal result of the appraised object is as follows:The real estate mortgage value is RMB 1,818,900.00 Yuan, the house value is RMB1, 725,400.00Yuan, and the land value is RMB93, 500.00 Yuan.(11) Real estate mortgage realization and liquidation orderThe realization of the real estate mortgage is that when the debtor fails to perform the debt, real estate mortgagee will exercise its right to mortgage the real estate for cash to meet its creditors rights of the priority of compensation processProvision of article 46 of “Administration Rule of Urban Real Estate” regulates that “When the debtor does not fulfill the debt,the mortgagee has the rightto mortgage the property to the auctionprice of priorityin accordance with the law”Provision of article 54 of “Guaranty Law of P.R. China” regulates that “When the same property debtsto two or morecreditors,theauction orthe sale of collateralshall beliquidatedin accordance with the following provisions: The mortgage contract shall become effective according to the order of the mortgaged property of liquidation; if same order, the payment bases on the proportion of the bonds payable. Mortgage contract is effective from the date of signing, the registration of the mortgaged property, and pay in accordance with the prescribed in section (1); Unregistered, pay in accordance with the time sequence and if same order, the payment bases on the proportion of the bonds payable. Registered comes before the unregistered. Provision of article 47 of “Administration Rule of Urban Real Estate Mortgage” regulates: “Distribution of the property mortgage is as follows: (1). Pay mortgage expense; (2). Pay tax; (3). Pay interest and penalty of contract breach to the mortgagor; (4). Compensation to the mortgagee for the damage caused by breaching contract by obligator; (5). the rest returns to the mortgagor. (12) Analysis of Real Estate Liquidation Liquidity refers to the ability of assuming the valuation when the mortgage is realized, without too much loss under the condition of the real estate collateral, the possibility of converting into cash.1. Appraisal object designed for non-residential, practical use for non-residential, overall value is higher, the overall cash buy high threshold, trading limitations of unfavorable factors, and liquidation is weak. Fast liquidation may lead to large gap with real value. Mortgage Banks, please attach importance to it.2. Assume that point in valuation auction, because there are mandatory sanctions in the short term, potentially buy group limited and factors such as the in the mind to reject its cash prices generally lower, cash cost is higher. It is necessary to pay the auction fees, valuation fee, legal cost, asset security fee, land sales, sales tax, stamp duty, property registration fee and some of the charges. (13) Tips for usage of Real Estate Mortgage Appraisal Appraisal object and the real estate market conditions due to the time change may have impact on real estate mortgage value. Without increasing the legal seek preferred payments, appraisal object material from accidental damage, can be used normal maintenance. No large real estate market fluctuations, and without obvious changes in regional factors, valuation report is expected to use the period of validity, the real estate mortgage value basically remained stable Report user should pay attention to the Real Estate credit risk during the mortgage period: 1 Changes in income and reputation of borrower. 2 The risk of interest changes in Real Estate mortgage loan. 3 Mortgage of the real estate value change trend, whether because of the change of the status quo, features, adjustment of urban planning, traffic control, safety and environmental factors such as real estate mortgage value loss4 Mortgaged property in accordance with the law, at a discount to the difficulty of the auction or sell off and dispose of the real estate market conditions in accordance with the lawWhen using this appraisal report, all should fully consider various kinds of risks, and the final mortgag