An evaluation of factors causing variance in property assessment
Most of the previous studies on causes of valuation variance have concentrated on non-statutory valuation, with little attention to statutory valuation in both developed and developing countries, leaving a gap in the body of knowledge in this regard. Purposive sampling was adopted to select samples...
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Malaysian Institute Of Planners
2019
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Online Access: | http://eprints.utm.my/id/eprint/88832/1/MosesIdowuAtilola2019_AnEvaluationofFactors.pdf http://eprints.utm.my/id/eprint/88832/ http://www.dx.doi.org/10.21837/pmjournal.v17.i9.588 |
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my.utm.888322020-12-29T04:26:03Z http://eprints.utm.my/id/eprint/88832/ An evaluation of factors causing variance in property assessment Atilola, M. I. Ismail, A. Achu, K. Bujang, A. A. HD1394-1394.5 Real estate management Most of the previous studies on causes of valuation variance have concentrated on non-statutory valuation, with little attention to statutory valuation in both developed and developing countries, leaving a gap in the body of knowledge in this regard. Purposive sampling was adopted to select samples from registered estate surveyors and valuers in Kwara State, Nigeria. The data collection was done through a survey questionnaire given to 33 valuers and the Relative Importance Index (RII) was used to analyse the data collected. Findings showed that factors that fell within the range index of significant factors (0.841 to 0.979) are: experience in rating valuation, comprehensiveness of the law, unrealistic valuation assumption and availability of market indices for the input variables. Other significant factors are explicitness of the law, integrity of the valuer, valuer negligence, absence of quality control and training in rating valuation. The findings have practical implications on rating valuation stakeholders. Malaysian Institute Of Planners 2019 Article PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/88832/1/MosesIdowuAtilola2019_AnEvaluationofFactors.pdf Atilola, M. I. and Ismail, A. and Achu, K. and Bujang, A. A. (2019) An evaluation of factors causing variance in property assessment. Planning Malaysia, 17 (1). pp. 82-93. ISSN 1675-6215 http://www.dx.doi.org/10.21837/pmjournal.v17.i9.588 DOI: 10.21837/pmjournal.v17.i9.588 |
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HD1394-1394.5 Real estate management Atilola, M. I. Ismail, A. Achu, K. Bujang, A. A. An evaluation of factors causing variance in property assessment |
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Most of the previous studies on causes of valuation variance have concentrated on non-statutory valuation, with little attention to statutory valuation in both developed and developing countries, leaving a gap in the body of knowledge in this regard. Purposive sampling was adopted to select samples from registered estate surveyors and valuers in Kwara State, Nigeria. The data collection was done through a survey questionnaire given to 33 valuers and the Relative Importance Index (RII) was used to analyse the data collected. Findings showed that factors that fell within the range index of significant factors (0.841 to 0.979) are: experience in rating valuation, comprehensiveness of the law, unrealistic valuation assumption and availability of market indices for the input variables. Other significant factors are explicitness of the law, integrity of the valuer, valuer negligence, absence of quality control and training in rating valuation. The findings have practical implications on rating valuation stakeholders. |
format |
Article |
author |
Atilola, M. I. Ismail, A. Achu, K. Bujang, A. A. |
author_facet |
Atilola, M. I. Ismail, A. Achu, K. Bujang, A. A. |
author_sort |
Atilola, M. I. |
title |
An evaluation of factors causing variance in property assessment |
title_short |
An evaluation of factors causing variance in property assessment |
title_full |
An evaluation of factors causing variance in property assessment |
title_fullStr |
An evaluation of factors causing variance in property assessment |
title_full_unstemmed |
An evaluation of factors causing variance in property assessment |
title_sort |
evaluation of factors causing variance in property assessment |
publisher |
Malaysian Institute Of Planners |
publishDate |
2019 |
url |
http://eprints.utm.my/id/eprint/88832/1/MosesIdowuAtilola2019_AnEvaluationofFactors.pdf http://eprints.utm.my/id/eprint/88832/ http://www.dx.doi.org/10.21837/pmjournal.v17.i9.588 |
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13.18916 |