Estimation of the cost of a residential building with a land plot. Appraisal reports Appraisal report and
- Report on the assessment of the market and liquidation value of the property located at the address: St. Petersburg, Kalininsky district, Grazhdansky pr-t, 41, letter A
The work was done by Colliers International. St. Petersburg, 2004.
All calculations were carried out in accordance with the provisions of the Federal Law "On Appraisal Activities in the Russian Federation", the valuation standards that are mandatory for the use by subjects of valuation activities, approved by Decree of the Government of the Russian Federation of July 6, 2001 No. 519, as well as the standards of professional activity in the field of real estate valuation property of the Russian Society of Appraisers and the International Valuation Standards developed by the International Committee for Property Valuation Standards (ICSOI).
2016-01-24 | popularity: 20065 - Report on determining the amount of damage from damage to a Toyota Cresta car (calculation of good residues)
The purpose of this appraisal is to determine the market value of the amount of damage to the property being appraised as of the appraisal date. The assessment was carried out in accordance with Decree of the Government of the Russian Federation of July 6, 2001 No. 519 “On Approval of Valuation Standards”, “Methodological Guidelines for Determining the Cost of Motor Vehicles, Taking into Account Natural Wear and Condition at the Time of Presentation”, developed by the State Scientific Center NAMI together with employees of the Federal Center for Forensic Expertise, approved by the Ministry of Economy of the Russian Federation.
Contractor: Denis Pashnin, Agency for Professional Property Appraisal
2015-04-17 | popularity: 21536 - Report on determining the market value of a one-room apartment located at the address: Novosibirsk, Sovetsky district, st. Lenin
The subject of this appraisal is a one-room apartment located in the city of Novosibirsk. The purpose of the appraisal is to determine the market value of the appraisal object.
According to the “Valuation Standards Mandatory for Application by Subjects of Valuation Activities” dated 06.07.01 No. 519, the term “market value” in this report means the following: the most probable price at which the object of valuation can be alienated on the open market in a competitive environment when the parties to the transaction act reasonably, having all the necessary information, and any extraordinary circumstances do not affect the value of the transaction.
The determination of market value is built on the premise that property is sold on the market subject to certain conditions listed above. As a result of a sale and purchase transaction, a set of property rights passes from the buyer to the seller. It is these rights that are the object of evaluation. In this paper, the right to be assessed is the property right.
After the analysis, the appraiser came to the conclusion that the best and most effective use of the appraisal object is to use it for its intended purpose - an apartment. Further calculations to determine the market value of the valuation object were carried out on the basis of this conclusion.
The evaluation procedure included: 1) collection of necessary documentation and information about the object of evaluation; 2) application of a comparative approach to assessing the market value; 3) writing this Report.
2015-03-24 | popularity: 17550 - Report on the determination of the market value of one ordinary share of OAO Kostromskaya GRES
As part of this assignment, the market value of one share in OAO Kostromskaya GRES was assessed. The results of the appraisal were used for the purpose of contributing shares in OAO Kostromskaya GRES as payment for additional shares in OAO OGK-3. The assessment was carried out as of April 01, 2005.
The evaluation process used various methods and approaches that are most appropriate for this case. This valuation was carried out in accordance with the Law of the Russian Federation "On Valuation Activities in the Russian Federation", "Valuation Standards Mandatory for Application by Subjects of Valuation Activities", Methodology and Guidelines for the Valuation of Business and (or) Assets of RAO "UES of Russia" and its SDCs, developed by by Deloitte & Touche.
Based on the results of the analysis of the strengths and weaknesses of the results obtained within the framework of various approaches, after consultations with representatives of investment companies, representatives of Deloitte and Touche, the Appraiser decided to consider, along with the first option of giving weights, the option of giving more weight to the results of the income approach. This choice is justified by the fact that when buying and selling an asset, a rational investor focuses primarily not on the retrospective of the company's activities, but on the prospective income streams that he can receive from the acquired asset.
Contractor: Consortium "Expert - Russian Assessment", as of April 01, 2005
2015-03-07 | popularity: 16242 - Report on determining the market value of the object "Administrative premises"
Report on the assessment of the market value of the property - administrative premises, with an area of 336.1 sq. m., owned by the municipality "City of Kirov".
The purpose of this assessment is to identify the peculiarities of the pricing of the appraised object in relation to the characteristics of the relevant market segment, legal title, quantitative and qualitative characteristics of the appraised object, as well as the specifics of law enforcement practice for the proposed transaction. This will make it possible to unambiguously identify the object of assessment in the system of real and compulsory rights, to give a proper justification for the type of value being determined. Analysis of the documentation will identify the main components of the risks associated with the assessment, and calculate the amount of their coverage.
The appraisal report was drawn up in accordance with the Federal Law "On Appraisal Activities in the Russian Federation" dated July 29, 1998 No. 135-FZ; federal valuation standards, a set of valuation standards of the Russian Society of Appraisers (SSO ROO 2010).
The analysis of the obtained results for compliance with market data showed that the market value of the property under appraisal has a value correlated with market indicators. The cost of objects is in the range of average values for objects located in the same part of the city of Kirov, having a similar purpose and technical condition.
The Appraiser has not conducted an audit or other financial verification of the information provided by you and used in this report, and therefore does not accept responsibility for the reliability of this information.
In accordance with the purpose of the valuation, the market value of the Object of Valuation was determined on the basis of Federal Law No. 135-FZ "On Valuation Activities in the Russian Federation" dated July 29, 1998 and the Code of Valuation Standards of the Russian Society of Appraisers SSO ROO 2010, harmonized with the International Valuation Standards (2007 ) and mandatory for use by members of the self-regulatory organization of appraisers.
The application of the MTR ROO 2010, which are mandatory for the use by the subjects of appraisal activities, is due to the fact that the Subject of Appraisal is located on the territory of the Russian Federation, as well as the fact that the Appraiser operates on the territory of the Russian Federation. These standards were used in determining the approaches to valuation, the procedure for carrying out work, and in compiling the Valuation Report.
The application of the Code of Standards of the Russian Society of Appraisers (ROO) is due to the fact that the ROO Valuation Standards most fully describe the terms, definitions, concepts and valuation methods used in the evaluation of various types of property.
2015-03-07 | popularity: 18620 - Report on determining the market value of the object "Shop premises"
Report on the assessment of the market value of the property - the premises of a store with an area of 30.2 sq. m., at the address: Kirov, st. Lenina, d. 86, owned by the municipality "City of Kirov".
The purpose of the appraisal is to determine the market value of the property. The result of the assessment is the final value of the value of the object of assessment. The result of the appraisal can be used to alienate municipal property.
The results of the evaluation of the described object are planned to be used for the alienation of municipal property.
The following valuation standards were used in this valuation: Code of valuation standards of the Russian Society of Appraisers SSO ROO 2010, harmonized with the International Valuation Standards (2007) and mandatory for use by members of a self-regulatory organization of appraisers.
The Code of Valuation Standards (SSO 2010) of the Russian Society of Appraisers (ROO) is designed to assess the value of property in the Russian Federation and other CIS countries - in full accordance with the adopted documents.
Performed by ANALIT LLC, Kirov, 2010
2015-03-07 | popularity: 14557 - Report on the assessment of the market value of registered ordinary shares of OJSC
Purpose and purpose of the assessment: determination of the market value of registered ordinary shares (100% of the authorized capital) of OJSC (Type of activity - production of printing products) in order to contribute to the authorized capital.
The property complex of the enterprise does not reflect the real ability of the enterprise to generate income, but reflects the current state of the enterprise, expressed through the state of its assets and liabilities. In this case, there is no need to determine the liquidation value at the time of valuation due to the absence of factors for urgent liquidation or business disposal. For the purposes of this valuation, according to our Appraiser, the most optimal method is the adjusted book value of the company's net assets.
As a result of the study of information provided about the enterprises of this industry in various sources, including the National Quotation System (www.nqs.ru) as of 01.10.2004, the information applicable for the purposes of this assessment on the price of shares of these enterprises at there is no over-the-counter market. Therefore, the methods of enterprises-analogues - the method of the capital market, the method of transactions cannot be used.
In order to estimate the market value of ordinary shares of OJSC KCC, this report used:
1. method of discounting cash flows;
2. method of adjusted balance net assets.
Executor: LLC "Art-expert". Kazan, 2004
2015-02-23 | popularity: 11763 - Report on determining the market value of the object "Premises of the post office"
The purpose of this assessment is to identify the peculiarities of the pricing of the appraised object in relation to the characteristics of the relevant market segment, legal title, quantitative and qualitative characteristics of the appraised object, as well as the specifics of law enforcement practice for the proposed transaction. This will make it possible to unambiguously identify the object of assessment in the system of real and compulsory rights, to give a proper justification for the type of value being determined. Analysis of the documentation will identify the main components of the risks associated with the assessment, and calculate the amount of their coverage. As a result, a proper economic and legal justification of the final assessment of the object for the specified purpose should be carried out.
The result of the appraisal is supposed to be used for the purpose of alienating property on the basis of a sale and purchase agreement, the restrictions are determined by the appraiser independently.
Communications office. Area 108.1 sq.m. Floor one. Address: Kirov region, Oktyabrsky avenue. The owner of the object of assessment is the municipal formation "City of Kirov".
Purpose of valuation: Determining the market value of the rights to be valued for the valuation object
The purpose of summarizing the results of all approaches used is to determine the advantages and disadvantages of each of them, and, thereby, to develop a single cost estimate. The advantages of each approach in assessing the property under consideration are determined by the following criteria:
The type, quality, and extent of information on which the analysis is based.
The ability to take into account the specific features of the object that affect its value, such as use, potential profitability.
Source: Federal State Unitary Enterprise "Rostekhinventarizatsiya - Federal BTI", Kirov branch, 2010.
2015-02-23 | popularity: 8620 - Report on the determination of the market value of the property "Cafe premises"
Report on the determination of the market value of an object of premises with an area of 33.2 sq. m. at the address Kirov region, Kirov, st. Moscow, 181
The purpose of the appraisal is to determine the market value of the property. The result of the assessment is the final value of the value of the object of assessment. The result of the appraisal can be used to alienate municipal property. The results of the evaluation of the described object are planned to be used for the alienation of municipal property.
The objective of this work is to identify the features of the pricing of the appraised object in relation to the characteristics of the relevant market segment, legal title, quantitative and qualitative characteristics of the appraised object, as well as the specifics of law enforcement practice for the proposed transaction. This will make it possible to unambiguously identify the object of assessment in the system of real and compulsory rights, to give a proper justification for the type of value being determined. Analysis of the documentation will identify the main components of the risks associated with the assessment, and calculate the amount of their coverage. As a result, a proper economic and legal justification of the final assessment of the object for the specified purpose should be carried out.
Performed by ANALIT LLC, Kirov, 2010
2014-11-08 | popularity: 11628 - Report on determining the market value of the property "Shop premises"
Report on the determination of the market value of an object of premises with an area of 14.2 sq. sq.m. m. at the address Kirov region, Kirov, st. Nekrasova, 1
The purpose of the appraisal is to determine the market value of the property. The result of the assessment is the final value of the value of the object of assessment. The result of the appraisal can be used to alienate municipal property.
This report has been prepared in accordance with Federal Law No. 135-FZ dated July 29, 1998 "On Appraisal Activities in the Russian Federation"; federal valuation standards, a set of valuation standards of the Russian Society of Appraisers (SSO ROO 2010).
The objective of this work is to identify the features of the pricing of the appraised object in relation to the characteristics of the relevant market segment, legal title, quantitative and qualitative characteristics of the appraised object, as well as the specifics of law enforcement practice for the proposed transaction. This will make it possible to unambiguously identify the object of assessment in the system of real and compulsory rights, to give a proper justification for the type of value being determined. Analysis of the documentation will identify the main components of the risks associated with the assessment, and calculate the amount of their coverage.
In the general case, the value recommended for making a transaction is the market value. The term implies a legitimate use, which in turn makes the typical seller responsible for guaranteeing the performance of the facility. In this case, the seller is not interested in warranty service and the service is carried out in accordance with the requirements of the Civil Code of the Russian Federation. Accordingly, in the calculation of cost parameters, it is necessary to take into account the absence of warranty obligations for operability and to carry out implementation on the “as is” basis.
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When inheriting real estate or applying for a mortgage loan, an assessment of the house and land is required. It is problematic to carry out the procedure on your own, the result will be approximate.
When is a property appraisal required?
An appraisal of the house and plot is required to establish the market value of the property. When making a purchase and sale transaction, the procedure is carried out on a voluntary basis.
The involvement of an appraiser is provided for by law in the following cases:
- Formation of an inheritance. It is necessary to identify the cost of the dwelling so that the notary's office issues a certificate confirming the right to dispose of the property.
- Bank deposit. A credit institution does not issue money without registration of an encumbrance. This requires an expert opinion on the value of the property.
- Real estate insurance. To calculate the amount of insurance, it is necessary to obtain data on the value of the property for which the insurance policy is issued.
- Damage assessment. The size of the amount for repair work is determined.
- Registration . The amount of the state duty depends on the value of the property.
- Appraisal of the house for the court. In case of divorce or disputes between heirs, determining the value of real estate helps to resolve property disputes.
IMPORTANT! An appraisal of a residential building is carried out to calculate contributions to the authorized capital of an enterprise. Founders have the right to contribute money or transfer personal property to the ownership of the company.
Who has the right to assess the house and land
Independent specialists, persons who have a license to conduct expert activities, have the right to conduct an assessment of the house. Appraisers are part of the SRO and have a civil liability insurance policy in the amount of at least 300 thousand rubles.
Property owners choose an expert on their own, taking into account the prices for services, reputation and other parameters. However, lending institutions, when issuing a mortgage loan, send borrowers to certain appraisers.
ADVICE! SROs that cooperate with credit institutions draw up a report in accordance with the requirements of the bank. This eliminates the risk of sending the document for revision or re-issuance.
The procedure for assessing a house with a land plot
The property appraisal process consists of a number of steps. The homeowner negotiates the terms of cooperation with the appraiser, sets the deadlines for the examination. An agreement is being drawn up.
After signing the contract, the owner of the property gives the expert the documentation for the house and agrees on the date of the visit of the specialist. During the verification process, the appraiser photographs the housing, inspects the building for illegal redevelopment.
An independent assessment of the house and the site is carried out on the basis of one of the following methods:
- Analog. The essence of the examination is to compare prices for such transactions during the year. Based on the results of the analysis, the appraiser determines the value of the current object. This technique is used in large cities.
- Expensive. A feature of the methodology is the assessment of the costs incurred by the homeowner during repairs and. Cost expertise is used to set the cost of country cottages.
- Profitable. It is used to evaluate city apartments and commercial real estate. Market value is determined by evaluating the return on investment in real estate.
When examining a private house and plot, the appraiser pays attention to the following parameters:
- Location of the property (development of infrastructure, type of settlement, etc.).
- Condition of construction (year of construction, number of floors, area, type of building materials, state of communications).
- The presence of an encumbrance on the site and cottage.
ATTENTION! If the real estate for sale was purchased using borrowed funds and the loan is not repaid, the owner needs to remove the encumbrance from the house and order an updated extract from the USRN.
The validity of the report for housing purchased for a mortgage is six months. If not only a house, but also a plot is bought on credit, an additional assessment of the land is required.
What documents need to be provided
To determine the value of a house, the following documentation is required:
- Duplicate of the identity card and TIN of the owner of the property.
- Cadastral passport and.
- A document confirming the ownership of the house.
When buying a home in a building under construction, an agreement with the developer is required.
Evaluation report
The real estate appraisal report is drawn up in writing. The pages are numbered, the report is stapled, certified with a stamp and signature of the SRO representative. The report contains an average of thirty pages.
The document contains the following information:
- data about the expert and the customer;
- information about methods of housing appraisal;
- information about the house inspected;
- real estate market analysis;
- identification of the market value of the object.
The report for the bank when applying for a mortgage loan contains:
- housing documentation;
- photographs taken during the examination;
- the market price of the property;
- liquidation value (the amount for which the bank will be able to sell the house if the borrower fails to fulfill its obligations).
If the client of the bank independently chose the appraisal company, in addition to the report, attach:
- diploma of education in the field of assessment;
- a document confirming membership in the SRO;
- civil liability insurance policy.
ADVICE! The customer of the assessment needs to carefully study the prepared report of the expert, being in the office of the company. This will help to quickly resolve possible issues and understand the nuances.
What can the appraisal cost affect?
The report of the SRO expert affects the following lending conditions:
- the size of the amount;
- term of the loan;
- interest rate.
If the real value of the object, indicated by the appraiser, is lower than the market value, the bank does not issue the required amount. In such a situation, the borrower must:
- require a re-examination;
- conduct an appraisal in another company;
- take out a consumer loan for the missing amount.
It takes three to five days to appraise and report on real estate purchased with borrowed funds.
Under market value apartment is understood as its real price, for which the buyer ready to buy such real estate in a free market and normal competition. In addition to the market value, there is also , which is somewhat less and is used as a tax base for determining the amount of property tax. The market price of the said property can be determined as on one's own, and with the help of a realtor or appraiser.
In the case of carrying out a market value, it is necessary to prepare a series for the appraiser. Based on the results of its activities, a detailed report will be prepared. Also, do not forget that in some real estate transactions it is necessary from the Bureau of Technical Inventory(BTI), which indicates the inventory value (in practice, it is still less than cadastral).
What is the market value of an apartment?
The market value of the apartment is real price for which the buyer is willing to purchase such property on the free market under normal competition. That is, the market price should not be influenced by factors other than competitive ones. In this case, the price is based on a lot of nuances. These include:
- object layout;
- usable area of real estate for sale;
- the physical condition of communications (heating, water supply, etc.).
It is worth noting separately such a factor as apartment location. The area, remoteness from schools, hospitals, transport interchanges, large shopping centers and so on is taken into account. All these conditions can significantly affect the real market price of real estate. It is also worth considering that good redecorating does not always increase the value of such property. You may encounter such buyers who are looking for an apartment with finished interior. But more often there are buyers who intend to carry out repairs in their own way.
In this way, market value apartments - this is the price for which the buyer is able to purchase property in market (competitive) conditions. The market price is affected by many different factors that need to be considered.
Cadastral and market value of the apartment: how they relate
The cadastral value of an apartment is the price of a property, which is determined Federal Cadastral Chamber in the course of an assessment carried out in accordance with Federal Law No. 135-FZ of July 29, 1998 "On valuation activities in the Russian Federation".
Basically the cadastral value of said property is needed to pay property tax. It is from the cadastral value that the mandatory tax is calculated. Relatively recently, the cadastral value was significantly increased in an attempt to bring it closer to the market, however, two indicators did not equal, the market and cadastral price is still differ.
The ratio of the above price indicators is made at the level evaluation criteria, that is, what is taken as the basis for the assessment and the factors affecting the total price. As you know, the market value is influenced by many factors, while the cadastral value is much less. The cadastral value of an apartment is affected by the following nuances:
- average price per square meter (including the index of the region);
- year of construction of the house in which the appraised property is located.
The difference in the approaches to calculating the price of real estate determines between themselves and the difference between the market and cadastral values. Market value much higher cadastral.
In practice, the market price is higher than the cadastral one. half or one third. The above values coincide mainly in the old housing stock, the market price of apartments of which is low.
In order to sell an apartment, you first need to know its real (market) value. As you know, the cadastral value at which the tax is paid is often does not reflect the real price of a home. Therefore, it is necessary to estimate the price in other ways. The property owner has several such:
- self-assessment;
- real estate appraisal;
- appraisal by an independent appraiser.
The first of these options is minimum cash outlay, however, the maximum of the person's own efforts to determine . The two remaining options are some financial costs, since the services of a realtor and an appraiser are not free. The modern market for the sale of real estate is mostly occupied by realtors, that is, when selling or buying such property, citizens often turn to them.
However, a realtor can also be hired for a simple appraisal of the value of an apartment, without further services for its implementation.
In this case, a person who wants to know the price will not have to think about determining it on his own, but proceed from the price offered by the realtor.
How to estimate the value of an apartment yourself
Self-assessment of the cost of an apartment involves monitoring similar proposals for the sale of such property. To do this, you can use popular sites on the Internet or the corresponding thematic newspaper products. Should focus on similar parameters:
- area;
- area;
- number of rooms;
- other factors that in one way or another affect the price of said property.
Having found similar offers, you need to pay attention to the fact that persons selling their homes may inflate the price at their own discretion.
In addition, if the apartment is being sold in Moscow or the Moscow region, then you can use online calculator apartment prices. In this case, you must fill in all the columns and get the result. In the case of other regions of the country, it will be necessary to monitor proposals on one's own. However, various sites have convenient search services, where you can enter data that is similar to the property being sold, to search for similar options.
Dergunov V.I. planned to sell a one-room apartment. Considering it inappropriate to spend money on the services of a realtor or an independent appraiser. After reviewing several sites, such as Avito and From Hand to Hand, and comparing similar offers for the sale of an apartment, Dergunov was able to determine the approximate market value of his home.
The cadastral value of the apartment at
On the official website of Rosreestr, there are some convenient Services. For example, by going to the "Services" tab, and then to "Reference information on real estate objects online", you can determine the cadastral value real estate object.
To do this, you must specify the cadastral number or correctly determine the address of the apartment. If a cadastral valuation was carried out, then such information will be specified as a result of the query.
However, such information is useful only if the sale of the apartment will take place precisely by cadastral value. If the sale of such real estate is planned for the market, then it is best to use the specified service not to use and turn to other methods of determining the value of property.
Independent appraisal of the apartment
An independent appraisal of an apartment is one way to determine the price such property. Today, there are many companies involved in appraisal activities. An independent valuation procedure may be necessary if it is impossible to determine the value of the property on your own. In addition, experts in this field are well aware of all the intricacies of the apartment purchase and sale market, have special skills and knowledge, which helps to establish objective market price for the housing being sold.
When conducting an independent assessment, the persons carrying it out use a number of methods, the choice of which depends on the object of assessment. Thus, there are the following evaluation methods:
- comparative;
- profitable;
- costly.
The most common method is comparison method. It is used only when there is a real opportunity to compare the object of assessment (apartment) with analogues. For example, a number of apartments in the same area are compared, with similar years of construction of the whole house, dwelling area and other factors that affect the market price.
This approach is enough objectively reflects the market value of the said property, and also takes into account various manifestations of current trends in the real estate purchase and sale market.
income method it is mainly used when profit is made from property. For example, if the apartment is used for business (ground floors of houses, housing for daily rent, etc.), then the assessment will take into account estimated income(based on income already received). The downside of this approach is a small range of applications, as well as the fact that the income taken into account in the assessment is only predicted.
Cost method is used in the event that the property being valued has no analogues. We are talking about exceptional properties, which cannot be compared with other properties at the moment. In such cases, the appraiser calculates funds spent for the construction of such a facility. This method may not always reflect the real market price, however, this method is universal, since with its help you can evaluate absolutely any property, including an apartment.
Thus, an independent assessment is used to determine the most adequate market value apartments.
Documents for evaluation
As for most processes related to the sale or other actions with real estate for apartment appraisal it is necessary to prepare a number of documents:
- certificate of state registration of the right to property (from July 2016 - an extract from the USRR);
- information (if any) about (mortgage, pledge, rent, and so on);
- passport details of the person who ordered the assessment;
- if there are redevelopments - information about them;
- object;
- explication to the plan.
The listed documents must be provided to the appraiser for carrying out the most objective evaluation procedure the cost of the apartment.
Report on appraisal of the market value of the apartment
The report on appraisal of the market value of an apartment is an official document that is compiled by an appraiser. Its necessity is due to the fact that such a document can be submit to court as evidence, use as substantiation of the property price. Like any other official documents, the report must contain certain information. In this way, the evaluation report includes:
- information about the customer and appraiser;
- description of the evaluation method;
- description of the appraisal object (apartment);
- analysis of the market for the sale of such property;
- calculation of the market price of such property;
- photographic materials of the object of assessment;
- information about legal documents.
The report is signed, stapled and numbered, approved by the seal appraiser company.
Also, along with the report, documents on the registration of the company conducting the assessment, certificates and other necessary documents are attached.
Help BTI on the cost of the apartment
For processing some transactions, the owner of the apartment may need certificate from BTI. It can be obtained by contacting the relevant territorial body of the specified organization. You can get such a certificate only homeowner, for which a reference is made. To receive, you must present the following the documents:
- owner's passport;
- certificate of state registration of ownership of the apartment or an extract from the USRR.
This reference contains inventory value information apartments, object plan and explication. The specified inventory value is the sum of the following factors:
- dwelling area;
- list of communications;
- year of construction of the house in which the property is located.
Inventory cost much lower cadastral and market price. In fact, it only includes building costs apartments (construction materials, internal communications) minus real wear.
Conclusion
In any transactions with an apartment, you need to be prepared for the fact that you will have to meet with various types of value of such a property, such as market, cadastral and inventory values. The real value of said property is its market price, it is necessary to focus on it when making transactions. This price can be determined in different ways. like yourself(without financial costs), and with the help of a realtor or appraiser(with payment for their services).
The cadastral value is mainly used for tax purposes, while the inventory value for issuance necessary in some cases BTI certificates.
Question
How to determine the market value of an apartment?
I plan to sell my apartment, but I can't decide on its real price. I have information about the cadastral value. Is this value equal to the market value? If not, how do I determine the market price of my property?
Answer
The cadastral value is equal to the market value only in exceptional cases. In most cases, the market value is more than the cadastral value by half or a third.There are several ways to determine the market price. You can conduct an independent assessment of the apartment by comparing your housing with similar offers on the real estate market. If this option does not suit you, then you can contact realtors or appraisers who, for a fee, will evaluate your property and determine the market value corresponding to your apartment.