What is asset appraisal?
Asset appraisal refers to the appraisal and estimation of the current price of assets by appraisal institutions according to specific purposes, objective economic laws and fair criteria, statutory standards and procedures, and scientific methods. Its core is to estimate the price of assets at a certain point in time.
Characteristics of asset appraisal
Generally speaking, the characteristics of asset appraisal are marketization, impartiality, professionalism and consultation.
1. Marketability is a remarkable feature of asset appraisal. Asset appraisal is a professional intermediary service activity to meet the needs and requirements of market economy. Its basic goal is to judge and report the value of assets by simulating the market according to the different nature of asset business.
2. Fairness is also a prominent feature of asset appraisal. Fairness means that asset appraisal serves the needs of asset business, not the needs of any party in asset business. Asset appraisal is to express expert opinions on asset value from an independent and objective standpoint.
3. Professionalism and consultation are also an obvious feature of asset appraisal. First of all, a group of different types of experts and professionals should engage in asset appraisal services, form a professional division of labor, and make the appraisal activities expert and professional; Secondly, the appraiser's estimation and judgment of asset value is based on professional technical knowledge and experience. Thirdly, although asset appraisal is an expert behavior, the appraisal result is an expert opinion. However, the conclusion of asset appraisal is to provide professional appraisal opinions for asset business, and it has no enforcement effect itself. It is essentially consulting rather than pricing.