Post by account_disabled on Feb 27, 2024 2:09:41 GMT -5
And for the purchase and sale of properties, this evaluation offers a reliable basis for negotiation in addition to making the purchase fairer for both sides. Therefore, the evaluation is one of the first steps in property negotiations, through which it is possible to identify the property's situation. It aims to get to know you in depth and involves thorough research into your conditions. Most of the time, real estate agents are able to carry out this evaluation, after completing the property evaluation course and registering with the CNAI. This way, brokers will be qualified as property appraisers or expert appraisers. We will see more details about this formation later. Therefore, the role of the appraiser or expert is to verify the characteristics of the properties, whether positive or negative, and thus define the fair value of the property. Within this process, there are some essential points that need to be studied, such as the objective of the evaluation. If it is just for asset assessment, it can be done in a less detailed way. But to better understand this important step, let's see what an appraisal is, who are the professionals who can do it and how to carry out a good property appraisal. What is a property appraisal? property valuation To put a property up for sale or when it is necessary to know the market value of a property, an appraisal must be carried out. In the case of sale, generally the broker hired to sell the property makes this assessment. But if the owner just wants to know the value of the property, the service can be contracted separately. Generally in these cases, owners hire appraisers or experts. This work involves analyzing the entire property, carrying out a survey of documents, photography and analysis of the property's surroundings. As it is an important role, to fulfill it the professional needs to be an engineer, architect or real estate broker with a Property Valuation or Expert Appraiser course. Professionals must also be duly registered with the CNAI or hold a Real Estate Appraiser certificate.
Evaluators must also be regulated by the responsible bodies, CREA, CAU or CRECI . The main criteria used in evaluating the property are: location; size of the property; structure; age of the property; finishes; documentation; court positioning; basic activities; coatings; painting; facade; electrical; hydraulics. What are the property valuation methods? Qualified professionals can use some methods to evaluate properties, the most common are evolutionary, involutive and comparative. Evolutionary method: Used mainly for urban properties, the evolutionary method begins with calculating the value of the land and its improvements. Involutional method: It is Mexico WhatsApp Number usually used to evaluate unusual land, it seeks to identify the market value according to the land's use. And it is based on a technical and economic study, where a hypothetical project is created, compatible with the characteristics of the property, considering the market, etc… Comparative method: This method is the most used, as the name suggests, a comparison is made with the market data that was collected. In other words, according to the characteristics of the property being evaluated, the neighborhood, number of rooms, among others… It is mainly based on transactions that were made for similar properties, from which an average of the values of properties with the same characteristics or that are as similar as possible is made. In any case, regardless of the method used, the assessment must be carried out with maximum attention and dedication.
Because it is from there that the broker's work begins . To evaluate a property correctly, it is also necessary to prepare a property valuation report. This document must express the market value based on several analyzed details. Check it out below: What is the property valuation report? property valuation report The property valuation report is a document issued after a qualified professional evaluates the location. It must contain a general analysis in order to reveal the costs that a potential buyer or tenant will incur. The preparation of this opinion is essential to ensure good negotiation, as the report will avoid disagreements between the parties. Remembering that in cases of property valuation, the market value of the property must also be considered, which is nothing more than an estimate that the public authority makes, through a calculation, to deduce the real value of an asset. The report must be prepared based on the Standards of the Brazilian Association of Standards and Techniques (ABNT) CONFEA-CREA System, Guidelines of the Brazilian Institute of Engineering Expertise (IBAPE) and Royal Institution of Chartered Surveyors (RICS). In short, the report is essential to determine the market value of the property and its possible appreciation or devaluation. Who can carry out the property valuation report? As mentioned previously, the professionals capable of carrying out the appraisal report are architects, engineers and real estate brokers with property appraiser qualifications and with the records already mentioned. The company or professional that issues a property valuation report is primarily responsible for the information provided and the veracity of the data entered in the document. It is worth mentioning that in addition to training and the necessary records, to produce the document it is necessary to have a very broad knowledge of the real estate market in the region, as this is a factor that can bring variations to the final report. For example, an apartment valued in a region with greater foot traffic, a greater number of commercial establishments and transport facilities, has a much higher value.
Evaluators must also be regulated by the responsible bodies, CREA, CAU or CRECI . The main criteria used in evaluating the property are: location; size of the property; structure; age of the property; finishes; documentation; court positioning; basic activities; coatings; painting; facade; electrical; hydraulics. What are the property valuation methods? Qualified professionals can use some methods to evaluate properties, the most common are evolutionary, involutive and comparative. Evolutionary method: Used mainly for urban properties, the evolutionary method begins with calculating the value of the land and its improvements. Involutional method: It is Mexico WhatsApp Number usually used to evaluate unusual land, it seeks to identify the market value according to the land's use. And it is based on a technical and economic study, where a hypothetical project is created, compatible with the characteristics of the property, considering the market, etc… Comparative method: This method is the most used, as the name suggests, a comparison is made with the market data that was collected. In other words, according to the characteristics of the property being evaluated, the neighborhood, number of rooms, among others… It is mainly based on transactions that were made for similar properties, from which an average of the values of properties with the same characteristics or that are as similar as possible is made. In any case, regardless of the method used, the assessment must be carried out with maximum attention and dedication.
Because it is from there that the broker's work begins . To evaluate a property correctly, it is also necessary to prepare a property valuation report. This document must express the market value based on several analyzed details. Check it out below: What is the property valuation report? property valuation report The property valuation report is a document issued after a qualified professional evaluates the location. It must contain a general analysis in order to reveal the costs that a potential buyer or tenant will incur. The preparation of this opinion is essential to ensure good negotiation, as the report will avoid disagreements between the parties. Remembering that in cases of property valuation, the market value of the property must also be considered, which is nothing more than an estimate that the public authority makes, through a calculation, to deduce the real value of an asset. The report must be prepared based on the Standards of the Brazilian Association of Standards and Techniques (ABNT) CONFEA-CREA System, Guidelines of the Brazilian Institute of Engineering Expertise (IBAPE) and Royal Institution of Chartered Surveyors (RICS). In short, the report is essential to determine the market value of the property and its possible appreciation or devaluation. Who can carry out the property valuation report? As mentioned previously, the professionals capable of carrying out the appraisal report are architects, engineers and real estate brokers with property appraiser qualifications and with the records already mentioned. The company or professional that issues a property valuation report is primarily responsible for the information provided and the veracity of the data entered in the document. It is worth mentioning that in addition to training and the necessary records, to produce the document it is necessary to have a very broad knowledge of the real estate market in the region, as this is a factor that can bring variations to the final report. For example, an apartment valued in a region with greater foot traffic, a greater number of commercial establishments and transport facilities, has a much higher value.