Problematic Issues of Scientific and Methodical Support of the Forensic Cost Evaluation of Real Estate Objects and the Ways to Solve Them

Abstract

The aim of the article is to develop a scientific and methodical support for the forensic cost evaluation of real estate objects defferent from the federal appraisal standards. The authors solve the problem of comparative analysis of the professional activity of a real estate appraiser and a forensic expert who determines the market value, they also reveal their formal and substantive differences. They come to a reasonable conclusion about the necessity to develop a special methodology for forensic cost evaluation, as a study focused on the judicial system and considering the modern achievements in construction sciences, international valuation standards.The proposed methodology includes the analysis of two evaluations presented by the litigants and the fair (equilibrium) value of the property in a forensic expert’s opinion. The authors offer to compare two cost models identifying the critical parameters that led to the formation of the initial cost interval.The proposed version of scientific and methodical support does not require changes in the legislation and federal evaluation standards, but it involves the development of the guidelines for determining fair value by comparing the estimates submitted to the court by the parties to the dispute. The suggested methodology presents some additional opportunities for the development of a system of pre-trial resolution of disputes.

Keywords

• real estate objects
• forensic expertise
• market value
• equilibrium value
• scientific and methodical support
• competition of the parties
• federal evaluation standards
• value interval
• materiality
• analogues