Collateral Value Calculation
Use
You use the collateral value calculation to assess the value of real estate collateral objects and hence the value of the encumbrances that secure a mortgage loan.
Features
A short version and a full version are available for calculating the collateral value. For information on the short version, see
Objects. In the menu, choose Environment ® Collateral Value Short Version.This section describes the full calculation.
The building value is calculated using the markdown procedure on the basis of the fair building costs minus a risk discount (collateral markdown).
When you create a new collateral value calculation, the object data (such as building parts and the real estate register) is copied to the calculation and saved in parallel to the original object data. This means that any changes made to the object data do not affect the collateral value. When you change the object data, you need to create a new collateral value calculation.
You use the Collateral Value function to Create, Change, Display, Copy and Fix the collateral value. You can only determine the collateral value for a collateral object you have already created and saved in the system (see
Creating an Object).You can calculate as many collateral values as you wish for a particular object and save all of these values in the system. This can be useful if you want to value a building at different times.
You can determine the collateral value on the basis of the asset value and/or the revenue value, and then fix the collateral value as required.
Collateral value components
On the basis of the values calculated by the system or provided by outside information sources (third-party expert opinion), you can enter the asset value, the revenue value, the selling value and the market value, and fix the collateral value.