In order to reduce credit risk loans can be secured. Collateral can be any property owned by the borrower, which allowed the foreclosure. When a loan is very important to assess the mortgaged property. Value of the pledged object is not constant. Real estate appraisal done by an organization with a license for this activity. However,
as the practice of credit cooperatives in the Volgograd region, the
board of cooperatives can successfully cope with this problem. In assessing the value of the pledged object, two methods that we consider. 1. Market approach (direct sales comparison) is based on a comparison of data on sales of comparable properties. Its
essence lies in the fact that the market value of the property is equal
to the selling price of a comparable facility and an amendment to that
price-related differences in the characteristics of the objects to
compare and evaluate: Sryn. = Ssr. + Δ S, where Sryn. - The market value of the estimated object property; Ssr. - Selling price of the property being compared; Δ S - the total correction to the sales price. In practice, to estimate the market value of one object is used three to five compared to a property. To determine the amendments most widely used method of paired identical sales of property with a different feature. For
example, in an application for the issuance of credit to the
cooperative "Agrocredit" object of pledge individual stands a house with
a sauna. To
determine the market value of this object, it is necessary to calculate
corrections to the price of the house way pair of amendments that comparison across the five bath home with and without baths. Table 7 shows the calculation of corrections in the paired sales.
Credit Union
