What is an appraisal in the purchase-sale of real estate?

To be able to inform anyone about the value of a property at the time of wanting to sell or buy an appraisal must be made, this will allow us to determine the real price of a property and not have an erroneous price.

The characteristics

– Investigation

– Market analysis

– Urban conditions

– Physical conditions of the property

Benefits of making an appraisal

– A detailed and accurate estimate of the value of a piece of furniture or property is obtained, and it is carried out by an impartial professional.

– The process is practical and technical which determines the real price of a property according to the physical conditions it has.

Guarantees of the appraisals

– They are legal and give attestation.

– They are accepted in any financial entity and in state entities.

When a purchase process is carried out, the interested parties always rely on an appraisal, since this makes the negotiation process easier and helps us to make better decisions regarding tax payments.

To ask for a mortgage or to sell a property, it is important to know the real value of the property.

• Types of appraisals

-Commercial: it helps to know the price you can charge for your house when you sell it or when you want to buy a property.

-Financial: at the time of acquiring a property you will need to write it, and for that you need this type of appraisal.

-Cadastral: the Government uses it to determine how much property tax will be charged in the year for a property.

-Bank related (Mortgage Guarantee): this appraisal is for people or companies that wish to request a loan with financial institutions.

• Requirements

-Copy of the property payment.

-Copy of the scriptures.

-Scale map of the property (in case of not having it, a visit is made.)

-Photographic report.

The price is calculated based on the square meters of construction, or a plot of land based on the value of the home.

• Any improvement that has been added is considered.
• Any loss of value caused by the depreciation of the improvements is subtracted.
• The estimated value of the land is added based on a similar real estate sale analysis.

The delivery of the appraisal depends on the degree of difficulty of the property, that is, the characteristics, location, built meters, free meters and other additional information; so an appraisal takes approximately 3 business days.

The person who sells the property is the one who must contact a valuation institution and pay the appraisal; In addition to carrying out all the corresponding procedures and coordinating the visit to be carried out.

Remember that to choose an appraiser you must resort to an institution with experience, and in Quadrans we have professional appraisers who can guide you in the practical and simple aspects, as well as in the legal and legal aspects that are presented within the appraisals.

Legal and Accounting Consulting in Playa del Carmen