Know the cost of appraisals
How much does an appraisal cost?
The appraisal is an instrument that provides the person requesting it with an estimate of the value of a movable or immovable asset such as a property, a piece of jewelry or a car and is carried out by professional appraisers. This type of document allows us to provide clarity about the value. real estate, which generates trust between buyers and sellers and facilitates the negotiation process.
Professional appraisers require certain documents to be able to carry out an appraisal properly, so some of the documents requested are: the water bill, architectural plans, property deed, property bill, the completion of work document for a new home, preferably, it is advisable to make sure of the requirements requested by the financial institution that corresponds to your credit.
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What would be the cost of an appraisal?
The cost of appraisals must be established based on the square meters of a movable or immovable property in terms of both land and construction. This cost varies and depends on a wide variety of factors such as the city, the municipality or the state where the property is located, this is why there is no specific way in which the cost of an appraisal can be calculated, it all depends on the property that will be valued and what type of appraisal will be carried out.
Between companies, independent professionals or banks there are differences between the appraisals they carry out and the rates they manage, depending on the approaches and way of working of each one.
| Type of property/square meters of construction and/or land | Appraisal Cost Commercial |
|---|---|
| House of 60 to 150 m2 | $3,400.00 |
| House from 151 to 250 m2 | $3,700.00 |
| House of 251 to 350 m2 | $4,300.00 |
| House of 351 to 450 m2 | $4,800.00 |
| House from 451 to 650 m2 | $6,400.00 |
| House of 651 to 750 m2 | $7,200.00 |
| House of 751 to 850 m2 | $8,400.00 |
| Apartment up to 50 m2 | $3,600.00 |
| Apartment from 51 to 100 m2 | $3,800.00 |
| Apartment from 101 to 150 m2 | $4,000.00 |
| Apartment from 151 to 200 m2 | $4,300.00 |
| Land from 50 to 350 m2 | $4,000.00 |
| Land from 351 to 600 m2 | $4,800.00 |
| Land from 601 to 800 m2 | $5,800.00 |
| Land from 801 to 1,000 m2 | $7,200.00 |
| Land from 1,001 to 2,500 m2 | $9,000.00 |
| Land from 2,501 to 5,000 m2 | $9,500.00 |
| Land from 5,001 to 8,500 m2 | $10,500.00 |
| Land from 8,501 to 10,000 m2 | $11,200.00 |
THE VALUES IN THIS TABLE ARE AN EXAMPLE, THE COST OF THE APPRAISALS DEPENDS ON MORE SPECIFIC FACTORS OF EACH PROPERTY. THE REAL COST MAY VARY.
| Value of the Car | Appraisal Cost Commercial |
|---|---|
| $50,000 to $200,000 | $3,100.00 |
| $200,000 to $300,000 | $4,000.00 |
| $300,000 to $700,000 | $5,300.00 |
| $700,000 to $1'000,000 | $7,200.00 |
| $1'000,000 to $3'000,000 | $9,000.00 |
| $3'000,000 to $6'000,000 | $12,000.00 |
| $6'000,000 to $10'000,000 | $16,000.00 |
| $10'000,000 to $30'000,000 | $20,000.00 |
THE VALUES IN THIS TABLE ARE AN EXAMPLE, THE COST OF THE APPRAISALS DEPENDS ON MORE FACTORS. THE REAL COST MAY VARY.
How is the cost of an appraisal determined?
In order to adequately determine the fees for valuation services, there are different methodologies that can be applied, one of which is carried out by institutions such as Infonavit either fovissste, which grant a large amount of credit annually and have a fixed fee, the payment for this service can be calculated based on the area in square meters of the real estate.
Another alternative is an operation called calculation to the thousand, in which the fees are established based on a percentage of the rate according to the total value of the property.
On the other hand, the final cost of a property should be very similar to the cost estimated with the real estate appraisal, but other factors often play a role, for example, if the owner were to have an economic emergency and had to sell his property, you can lower the price to close the deal fast; Or if what the buyer really wants is to keep a house or an apartment, they may be willing to modify their offer to make sure of it.
These situations are the ones that, in the end, end up distorting those values (between offer, appraisal and closing value) and it does not mean that they are right or wrong, there are simply implications that generate corrections in the value of the assets.
Within the regulations of the Federal Mortgage Society A validity of 6 months is established, this is because it is considered that this is the period of time in which the real estate market could suffer some considerable changes, that is, alterations that could affect the value of a property. , either increasing or decreasing the cost.
Solution Matrix
Currently, Professional Economic Analyzes offer a wide range of products and services for different markets and customer needs, such as those mentioned below:
| JUDICIAL | business demands | Commercial valuation of personal property Commercial Real Estate Valuation Appraisal of intangibles (brands, patents, etc.) |
| JUDICIAL | Dissolution of the conjugal union | Commercial valuation of personal property Commercial Real Estate Valuation Appraisal of intangibles (brands, patents, etc.) |
| JUDICIAL | dation of payment | Commercial valuation of personal property Commercial Real Estate Valuation Appraisal of intangibles (brands, patents, etc.) |
| REGULATORY | For property tax payment | Cadastral appraisal of real estate |
| REGULATORY | For housing credit | INFONAVIT and ISSSTE property appraisal |
| REGULATORY | For disincorporation of assets (government) | Commercial valuation of personal property Commercial Real Estate Valuation |
| FINANCIAL | Financial Information Standards (NIF) | |
| FINANCIAL | Business acquisitions (b-7) | Fixed asset appraisal Going concern appraisal |
| FINANCIAL | Plant and equipment properties (c-6) | Fixed asset control Appraisal of intangibles (brands, patents, etc.) Fixed asset appraisal Analysis of useful lives |
| FINANCIAL | Impairment of long-lived assets (c-15) | Fixed asset control Fixed asset appraisal financial appraisal |
| FINANCIAL | international financial reporting standards (ifrs) | |
| FINANCIAL | Plant and equipment properties (nic-16) | Fixed asset control Fixed asset appraisal Appraisal of intangibles (brands, patents, etc.) Analysis of useful lives |
| FINANCIAL | Fair value measurement (IFRS-13) | Fixed asset appraisal |
| FINANCIAL | Impairment of long-lived assets (nic-36) | Fixed asset control Fixed asset appraisal financial appraisal |
| FINANCIAL | insurance appraisal | Fixed asset control Fixed asset appraisal |
| PROSECUTORS | For tax guarantee | Commercial valuation of personal property Commercial Real Estate Valuation Going concern appraisal Appraisal of intangibles (brands, patents, etc.) |
| PROSECUTORS | Pricing transfer studies | Fixed asset appraisal Real estate appraisal merchandise appraisal Service appraisal |
| STRATEGIC | Dissolution of companies | Commercial valuation of personal property Commercial Real Estate Valuation Appraisal of intangibles (brands, patents, etc.) |
| STRATEGIC | business sale | Commercial valuation of personal property Commercial Real Estate Valuation Going concern appraisal Appraisal of intangibles (brands, patents, etc.) |
| STRATEGIC | Establishment of rental prices | Fixed asset appraisal Commercial valuation of personal property Commercial Real Estate Valuation Appraisal of intangibles (brands, patents, etc.) |
What are the steps to request an appraisal with us?
In order to determine the cost of the appraisals you require, the first thing you should do is contact contact with our advisors, who will support and guide you in your application, This is for the purpose of being able to know in more detail the type of appraisal you require. Based on this, our advisors and appraisers will determine the cost of the appraisal depending on the type of property or property, the location, the characteristics of the property to be appraised, among others. other factors.
An appraisal is essential, at the end of the day knowing the exact value brings us many benefits, if you have already decided to start with the appraisals ANEPSA is your best option.
