- •Word List:
- •Exercises to the text:
- •Price Versus Value
- •Word List:
- •Exercises to the text:
- •Approaches to Value
- •Word List:
- •Exercises to the text:
- •Cost Approach
- •Word List:
- •Exercises to the text:
- •Problematic, others, valuation, fairly, methodological, appraisal, embedded, comparison
- •The Sales Comparison Approach
- •Word List:
- •Exercises to the text:
- •Income Approach
- •Word List:
- •Exercises to the text:
- •Appraisers and Assessors
- •Word List:
- •Exercises to the text:
- •Perspective predominately assessors surrounding properties independent valuing assess
- •The Work of Appraisers and Assessors
- •Word List:
- •Exercises to the text:
- •Real Estate Appraisal
- •Word List:
- •Exercises to the text:
- •Report compared appraiser infrequently client property process
- •House Appraisals
- •Identification
- •Word List:
- •Exercises to the text:
- •What Is Included in a House Appraisal?
- •Word List:
- •Exercises to the text:
- •What Does a House Appraisal Entail?
- •Pricing a Home
- •Word List:
- •Exercises to the text:
- •Appraisal Value for a Home
- •Word List:
- •Exercises to the text:
- •Appraisal Fee for Buying a House?
- •Exercises to the text:
- •Getting a Damage Appraisal
- •Exercises to the text:
- •What is the Meaning of the Appraisal Value of a Home?
- •Influencing Factors
- •Exercises to the text:
- •Claims Adjuster
МІНІСТЕРСТВО ОСВІТИ І НАУКИ, МОЛОДІ ТА СПОРТУ УКРАЇНИ
Черкаський політехнічний технікум
Навчальні тексти
з іноземної мови за професійним спрямуванням
для студентів спеціальності:
5.03050802 ”Оціночна діяльність“
(3 курс, V семестр)
Розробив: викладач іноземної мови
А.В.Кособокова
Розглянуто і схвалено цикловою
комісією філологічних дисциплін
Протокол № ____ від _______________ 2011 р.
Голова комісії __________ А.О.Гаврилець
2011
Text 1.
Types of Value
T here are several types and definitions of value sought by a real estate appraisal. Some of the most common are:
Market Value – The price at which an asset would trade in a competitive Walrasian auction setting. Market Value is usually interchangeable with Open Market Value or Fair Value. International Valuation Standards (IVS) define Market Value as:
Market Value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.
Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and may be above or below the market value of a property.
Investment value – is the value to one particular investor, and is usually higher than the market value of a property.
Insurable value – is the value of real property covered by an insurance policy. Generally it does not include the site value.
Liquidation value – may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy
Черкаський політехнічний технікум Для студентів III курсу, група ОД
Text № 1. Викладач Кособокова А.В.
proceedings. It assumes a seller who is compelled to sell after an exposure period which is less than the market-normal time-frame.
Word List:
1. |
definition |
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2. |
value |
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3. |
appraisal |
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4. |
an asset |
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5. |
auction |
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6. |
to define |
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7. |
the estimated amount |
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8. |
property |
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9. |
valuation |
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10. |
an arms-length transaction |
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11. |
wherein |
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12. |
knowledgeably |
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13. |
prudently |
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14. |
undue |
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15. |
net present value |
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16. |
insurance policy |
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17. |
insurable value |
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18. |
liquidation value |
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19. |
orderly |
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20. |
bankruptcy |
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Exercises to the text:
Exercise 1. Make up all kinds of questions to the text.
1. ________________________________________________________________
2. ________________________________________________________________
Черкаський політехнічний технікум Для студентів III курсу, група ОД
Text № 1. Викладач Кособокова А.В.
3. ________________________________________________________________
4. ________________________________________________________________
Exercise 2. Translate the sentences into Ukrainian.
1. Market Value is usually interchangeable with Open Market Value or Fair Value.
____________________________________________________________________________________________________________________________________
2. The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use.
____________________________________________________________________________________________________________________________________
3. Generally it does not include the site value.
__________________________________________________________________
4. Liquidation value – may be analyzed as either a forced liquidation or an orderly liquidation.
____________________________________________________________________________________________________________________________________
Exercise 3. Correct the spelling mistakes.
apraysal ______________________________________________________
veluation _____________________________________________________
prudantli _____________________________________________________
liquideition valuy _______________________________________________
bankrupsy ____________________________________________________
Exercise 4. Use the proper tense forms of the verbs.
1. Value-in-use (to be) _________ the value to one particular user.
2. It (to assume) ____________ a seller who (to be) ______ compelled to sell after an exposure period which (to be) _______ less than the market-normal time-frame.
3. International Valuation Standards (IVS) (to define) ____________ Market Value as…
Черкаський політехнічний технікум Для студентів III курсу, група ОД
Text № 1. Викладач Кособокова А.В.
Text 2.