Auction is often applied in cases where the property is auctioned for charity, or the property is auctioned to execute a judgment. Assets before auction are usually priced to determine the reserve value, so that the seller asks for the most reasonable starting price.
Appraisal for auction is the determination of the value of an asset before it is put up for auction to fulfill the clients purpose (auction of charitable properties or auction for implementation. judgment, property recovery, compensation ... execution of civil judgment).
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The purpose of appraisal for auction
The customer looking to the valuation company to conduct a valuation for their assets for the purpose of auction is a careful step of customers before putting products out auction. Because each type of asset at a certain time it has different values. Therefore, the valuation of such assets in advance to help customers know the value of their assets before each auction.
For property valuation to conduct civil judgment execution, this is a mandatory step in property auction documents clearly specified by the state. Determining the starting price for auction, therefore, this valuation is a very important stage, especially in the case of conducting auctions, handling assets of civil law enforcement.