What is the difference between a negotiated price and an appraisal price at a property auction?

When we buy a house, in addition to the transaction, we often hear about others, such as the listing price, appraisal price, market price, etc., especially the appraisal price and the market price, the gap is a bit big.

The real estate appraisal price is a professional appraiser through the field inspection, the structure, decoration, equipment and other new degree of the house to discount, and then according to the market ** to determine the present value. It is used in housing transactions, mortgages, auctions, pawns, transfers, property disposals, mergers, demolitions, and other activities. And what we will encounter is generally mortgage, demolition or second-hand housing loans.

The market price is the price set according to the market, which can generally reflect the latest house price. The new house is determined by the developer, and the second-hand house ** is determined by the seller, but now the price of the new house is limited, so it is not necessarily the market price. The market price and the listing price of a second-hand home are not necessarily equal, because the listing price is negotiable.

Therefore, it can be said that the market price is actually a market expectation, which is similar to the transaction price.

So why is there so much difference between the appraised price and the market price? Some even differ by hundreds of thousands! First of all, we must know that the appraisal price of real estate is usually ** in the mortgage state, and it will also change according to the market price and the market**, so considering the risk of the bank, the appraisal price of the property will generally be lower than the market price.

For example, the transaction price of a house is 4 million, and the official website of the petty bourgeoisie evaluates it at about 3.2 million. So if you want to take out a loan, you have to calculate it according to the appraisal price, assuming that the minimum down payment is 30%, then you can only borrow 320*, that is, 2.24 million. Why is it so?

This is going to talk about the above risks, the house price ** is not counted for the time being, what if the lender does not pay the monthly payment? Then the bank will freeze the house and then entrust the court to auction it. (Note:.)

The official website of the petty bourgeoisie is an online platform for the appraisal of the World Union, which can inquire about house prices, issue appraisal reports, and provide automatic housing valuation data services for free. )

However, as we all know, there is a difference between the process of foreclosure and general commercial housing, and it will definitely be cheaper than the market price, and the auction price of some houses is even as low as the market price. Therefore, considering this situation, the appraisal price will be lower than the market price, which will also facilitate the bank to recover the cost, otherwise the house will be sold, and only half of the money lent will be returned, and the bank will not lose money.

Why is there so much difference between the real estate appraisal price and the market price, in fact, it is to prevent risks, and the market may have the problem of inflated prices, such as **well, everyone will put the listing price too high, etc., so it will be more accurate after the actual survey by a professional appraisal company.

I think there will definitely be a difference between the auction premium and the appraisal price.

There is a lot of difference between the appraisal price of the foreclosure house and the market price, and we do not need to treat the appraisal price of the foreclosure house as its market price. The appraisal price is basically not used as a reference basis for the foreclosure house, and the data of this appraisal price is basically not very useful.

The appraisal of foreclosure houses is basically obtained by the court according to several aspects, the first is that the court will evaluate and price through the online inquiry of some platforms and some big data statistics. Second, the court may find some professional foreclosure appraisal companies to issue an appraisal report and set an appraisal price. The third is that the court will call the executor and the person subject to enforcement to sit together and discuss the appraisal price.

Fourth, the court may find an agency such as the Real Estate Bureau to consult and inquire about the price, so as to set an appraisal. In fact, no matter which of the four methods used by the court is used to evaluate and price, it cannot be used as the final real transaction**, which is just a reference for everyone.

But in general, the first of all, the foreclosure house is definitely lower than the normal market sale of the house, if you are more tight on hand and eager to buy a house, the foreclosure house can be considered, but first of all, you must be clear, the foreclosure house must have certain flaws, you must be able to accept, if you want to buy this kind of foreclosure house, it is best to find a professional agency to sell the foreclosure house if you do not understand, after all, they are experts, they will know more than you, and you must pay attention to the clarity of the warrant when buying, as well as the number of years, the nature of the land transfer, etc., must be clarified, whether the hukou can be moved in, these must be consulted clearly, as well as the arrears of the property fee of the foreclosure house need to be understood clearly, otherwise, there may be a lot more costs after buying.

There are pros and cons to everything, if you want to buy a foreclosure house at a price lower than the market price, you must have the ability to take risks, but as long as you understand all the issues clearly before buying, and find some professional foreclosure agencies to help you appraise and identify, in fact, foreclosure houses can still be purchased.

The ** of the assessment is often calculated based on the corresponding survey and market analysis. There is still a lot of difference with the market price, and there are many foreclosure houses whose appraisal price is much higher than the market price.

The appraisal price of the foreclosure house is evaluated by professionals according to the market**, and there is a lot of difference between the market price, and the appraisal price of the foreclosure house is very low compared with the market price.

This is the court's valuation, according to the actual situation of the valuation, generally there will be a certain gap with the market price, most of the cases ** is lower than the market price.

The difference is very large, according to the **, as well as the criteria for participating in the auction, with this valuation, there will be relevant institutions to evaluate.

According to the evaluation method of the institution, there will be evaluation criteria and reference value. A lot worse.

Legal analysis: For the property to be auctioned, the people's court shall entrust an appraisal agency with corresponding qualifications to conduct a ** assessment.

Legal basis: Provisions of the Supreme People's Court on the Auction and Sale of Property in Civil Enforcement by the People's Courts

Article 4: The people's courts shall entrust an appraisal agency with corresponding qualifications to conduct a ** appraisal of the property to be auctioned. If the value of the property is low or can be easily determined according to the usual method, the appraisal may not be conducted.

Where both parties and other enforcement creditors apply not to conduct an assessment, the People's Court shall grant it.

When conducting a noisy assessment of the equity of the person subject to enforcement, the people's court may order the relevant enterprise to provide accounting statements and other materials; If the relevant enterprise refuses to provide it, it may be compulsorily withdrawn.

Article 8 The reserve price shall be determined at the auction.

The auction reserve price shall be determined by the people's court with reference to the appraisal price; If no appraisal is made, it shall be determined with reference to the market price, and the opinions of the relevant parties shall be sought.

The reserve price determined by the people's court shall not be less than 80% of the appraised price or market price at the time of the first boring auction; In the event of an unsuccessful auction, the reserve price may be lowered at its discretion when the auction is held, but the amount of each reduction shall not exceed 20% of the previous reserve price.

Recently, the news of the premium of a set of foreclosure houses has attracted the attention of many people, and it has also caused a discussion on whether the cost performance of foreclosure houses is high. In practical terms, the advantages and disadvantages of foreclosure are coexisting. Specifically, it includes or talks about the following aspects:

Advantages of foreclosure houses:

1.The ** of foreclosure houses tend to be very cheap:

In many people's minds, foreclosure is cheap. Because foreclosure is a court-enforced auction, it is usually around 10% to 50% cheaper than the market price. This is also the reason why foreclosure houses have attracted so much attention.

2.There are many kinds of foreclosure houses:

Compared with normal house purchases, the ** of foreclosure houses is very diverse. Specifically, there are a variety of including residential, commercial properties, land, etc., which buyers can choose according to their needs. In addition, some foreclosure homes are new developments, and buyers have more freedom in design and decoration, and they will feel better after moving in.

The average ** needs to wait a long time to get the title. But in comparison, foreclosure is usually much faster. Buyers only need to place a bid, and after the auction has completed the relevant procedures, they can quickly obtain the title certificate.

This state of affairs makes many people have a soft spot for foreclosure houses.

Despite the above advantages, there are also some disadvantages to foreclosure houses:

1.There are certain risks associated with foreclosure houses:

Foreclosure houses are enforced to be auctioned by relevant parties, so unlike normal buying and selling houses, there are uncertainties in the housing condition, title certificates, and debts of foreclosure houses, and there may be certain risks. Therefore, more research and evaluation need to be done before purchasing.

2.The cost of renovation and renovation of foreclosure houses is high

For foreclosure houses, there are not many new houses, many foreclosure houses are a few years ago or even more than ten years ago, and due to their special nature, the interior of the house may have defects, which require a lot of time and energy to repair and renovate, so the cost will be even higher.

Therefore, foreclosure has both advantages and disadvantages, so if you want to buy a foreclosure house, you must do a good job of relevant research and analysis in advance, and make a decision after clarifying the relevant circumstances.

The appraised value of a foreclosure property is an appraisal made by the court based on the fair value on which the market at the time and the relevant regulations are based. The market price of foreclosure refers to the market pricing based on the actual value of the house, location and other factors under the current market**.

In practice, the court will evaluate the actual situation of the house, such as the area, structure, degree of decoration, etc., and will also refer to the local market** to determine the appraisal price. The appraisal price is generally true and fair, so it reflects the actual value of the house to a certain extent. The market price is affected by a variety of factors, such as local economic conditions, policies and regulations, and so on.

It should be noted that the appraisal price of foreclosure is not equivalent to the market price, because the appraisal price is evaluated in accordance with laws and regulations and notarization procedures, while the market price is formed by the influence of various factors such as the supply and demand relationship of the market economy, policies and regulations, etc. Therefore, the market price of foreclosure houses has the characteristics of being relatively flexible and unacceptable.

In practice, if you want to buy a foreclosure house, we can judge the actual value and market of the foreclosure house according to our own needs and actual situation, so as to determine whether it is worth buying and bidding. In addition, you should also understand the relevant regulations and policies before purchasing to avoid some unnecessary problems in the later stage.

In short, the appraisal price and market price of foreclosure houses have their own characteristics, and a comprehensive judgment needs to be made according to the actual situation. Buying a foreclosure property requires more understanding and consideration in order to secure our rights and interests. <>

Internal pricing rules for selling.

First of all, the artworks in the catalogue will have an expert appraisal, which consists of a minimum and maximum range of prices.

Usually, the consignment auction contract signed between the seller and the auction house will set a reserve price, and the transaction will only be considered closed if the transaction price is higher than this reserve price at the time of auction. And this ** is confidential and knows that it can be changed before the auction, and the auctioneer is forbidden to publish the reserve price.

The law stipulates that the auction reserve price cannot be higher than the minimum estimate by experts**. In general, the agreed reserve price is usually a price slightly lower than the minimum price of the estimated price. For example, if the estimated auction price of an antique is in the range of 800 to 1200 euros, then the secret auction reserve price signed between the seller and the auction house must be less than 800 euros, and we can guess that the secret reserve price is roughly between 750 and 800 euros.

The transaction price must not be lower than this reserve price, otherwise it will be considered an unsuccessful auction. However, there is no cap on more than 1,200 euros.