House Appraisal – Expert Appraisers

home appraisal

Why do home appraisals with a certified appraiser?

During the buying and selling process, a user can obtain reliable and technical information about the cost of the property through a Home Appraisal, by definition, valuing means determining the value of things, referring to a property or real estate, An appraisal is the exact estimate of the value of a property, which is represented by an officially valid document signed by certified appraisers.

What are home appraisals used for?

Home appraisals They serve to establish the price of a property, it is necessary for the seller to know the fair value of the property, in this way he will avoid selling it at a very high price and making it difficult to sell, or too low and generating losses. 

On the other hand, it will give the buyer certainty that the property has a fair value and will allow them to know different characteristics that motivate or question the purchase of the property, such as the conditions of the facilities and finishes of the property. For this reason, it is necessary to carry out a home appraisal.

What aspects are taken into account in a home appraisal?

To carry out a home appraisal, the appraiser takes into account various factors such as:

  • Physical conditions of the property
  • Square meters of land
  • Square meters of construction
  • State of conservation 
  • Services you have
  • Quality of construction materials
  • Location
  • habitability

Later, the professional in charge will proceed to carry out a market study of properties similar to the environment, in order to assign the corresponding value to the home.

What is a home appraiser?

A home appraiser is a certified expert who has a title and professional certificate of appraiser, which is issued by different institutions. In addition, these experts have knowledge of architecture and civil engineering, which provides them with the bases and foundations to make an appropriate opinion when carrying out the valuation.

Where can I get a home appraiser?

According to article 3 of the Regulations of the Federal Tax Code Those institutions authorized to carry out appraisals are: 

  • The Institute of Administration and Appraisals of National Assets
  • credit institutions
  • Public brokers that have a valid registration before the Ministry of Economy
  • Companies dedicated to the purchase, sale or auction of goods
  • Certified Appraisers

How to value a house?

There are 3 valuation approachesDepending on the purpose of the appraisal and the needs of the client, the appropriate one is chosen:

focus typeHow does it apply?
market focusBased on comparables in the area where the property is located, it is possible to determine the purchase-sale value of the property. This study is complemented by a physical inspection of the property to determine its state of conservation and obtain its commercial value.
Specific cost approachThe value of the property is determined as if it were new and is subsequently depreciated based on the finishes, state of conservation, age, m2, location, etc.
Income Justification ApproachIt is determined how much the property can be rented for a month and a year.

What do I need to request a home appraisal at ANEPSA?

When requesting a home appraisal, it is necessary to determine what type of appraisal should be performed depending on the client's objectives, subsequently It is necessary to deliver some documents and information regarding the property, in order to provide better service and verify that everything is correct at the time of the valuation.

Commercial Appraisals

If what you are looking for is to know the sale, purchase or rent price of a property, the commercial appraisal It will help you define the value of said asset or it will also serve as a reference to know its value within the market. Among the documents required for this appraisal are:

scripturesproperty ticket
water ticketIdentification or company name

Property Valuation

This type of appraisal will serve you to have a support in which the taxable base of the property tax can be established and that in this way the payment of the correct amount of the fiscal value of the properties can be made. The documents required are:

copy deedCopy of property receipt
Copy of water billCopy of statement of completion of works
Architectural plansCondominium regime (in the case of condominium apartments and/or houses)

Credit Appraisal (Infonavit, Fovissste, Issfam)

In order to calculate the appropriate amount in the financing request, a credit appraisal is requested, since it is in this part where the value of the home is indicated and allows the person who grants the credit to verify the value of the loan guarantee. To request a credit appraisal, the following documents are required:

Title deedsscriptures
Certificate of freedom or inexistence of encumbranceUpdated property ticket without debit
Updated water bill without debitOfficial identification of the applicant and owner
RFC or CURP of the applicant and ownerAppraisal and technical quality report request form (downloadable from the Infonavit website)

How much do you charge for a home appraisal? 

Home appraisal value varies as it is estimated based on these factors:

  • Price per m2 of the area
  • m2 of land
  • m2 of construction

How long does a home appraisal take?

The home appraisal takes 3 business days depending on the type of appraisal and its requirements.

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