Real Estate
Valuation
Accurate Evaluation, Safe Investment.
Real estate appraisal is a process we do to determine the economic value of a real estate (real estate, land, building, residence, commercial property, etc.). In this process, we ensure that a real estate is correctly evaluated in financial transactions such as purchase, sale, lease, mortgage. Property valuation uses a variety of methods and techniques to determine the market value, income value or cost value of a property.
Details of our valuation transactions:
Determining Valuation Purpose:We determine the purpose of the valuation. For example, held-for-sale valuation, mortgage valuation, insurance valuation, or investment valuation.
Data collecting:We collect the necessary data for the valuation process. These data include the physical characteristics of the real estate, its location, other real estates in the surrounding, market trends, local economic factors, construction costs, etc. may contain information such as
Selection of Valuation Approach:Depending on the valuation purpose, we choose one of three different valuation approaches: the market value approach, the revenue value approach, or the cost value approach.
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We Use the Market Value Approach: We determine the market value of the property based on the selling prices of similar properties.
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We Use the Income Value Approach: We evaluate the future cash flows by calculating the rental income of the real estate.
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We Use the Cost Value Approach: We evaluate the property over the cost of rebuilding.
Evaluation Analysis:We analyze and calculate the value of the real estate using the data we collect and the valuation approach we choose.
Preparation of the Valuation Report:We turn the valuation results into a report. This report details the value of real estate, the methods, data and analysis we use. It also includes the date of the valuation, our identity and, where applicable, the valuation conditions. The valuation report is used in the decision-making processes of the relevant parties (proprietors, banks, investors, government agencies, etc.).
The valuation report shows that the property has been properly valued and has a solid foundation on its value. This report provides a reliable source of information to property owners, buyers, sellers, lenders and other interested parties. It is also used for a number of purposes such as taxation, insurance, investment and legal transactions.
The valuation report is an important document to prove the expertise and competence of the appraiser or organization. Therefore, the valuation process and reporting standards are usually carried out in accordance with the standards set by national or international professional organizations.