Real Estate Appraisal
What are real estate appraisals used for?
The Real Estate Appraisal They are the most effective way to know the fair value of the property or land that you want to buy, sell or deed, it may also be required in the Infonavit for credit application, tax and treasury for leasing purposes. All according to your objectives, guidelines and/or strategies.
These appraisals can be used to value your real estate assets, either:
What types of real estate appraisals do we do?
|Commercial||Mortgage Credit I Infonavit and Fovissste|
|Cadastral / Fiscal ISAI – ISR||Opinion of Value / Estimate of Value|
|Income Capitalization / Income Justification||Probate / Deed|
|Tax Guarantee||Highest and Best Use|
DESCRIPTION OF TYPES OF REAL ESTATE APPRAISALS
What properties can be valued?
If the property you want to value is not on the list, contact us.
What aspects are taken into account in the valuation of real estate?
A Real Estate Appraisal is carried out by analyzing different factors such as:
- Age of the property
- m² of construction
- Total area
- Quality and type of finishes
- State of conservation
- Existence of electrical installation
- Existence of hydraulic installation
- Existence of gas installation
- Location – Within this point are considered:
- Type of use
- Street lighting
- Drinking water
- Access to public transport
- Urban growth
- Access roads to the property
Real estate valuation methods:
There are 3 real estate valuation approaches to determine the value of real estate:
|physical or direct approach||It is obtained by calculating construction materials and facilities.|
|Comparative or market approach||It is considered according to the market offer of similar properties in the same area or similar areas.|
|Income capitalization approach||A comparison is made based on similar properties in the area or similar areas that are for rent, to identify the value of all future income that the property will produce|
How long are real estate appraisals valid?
In general, the validity of a real estate appraisal is from six months to a year, as long as the property is not modified during the administrative procedures and there are no economic conditions different from those in which the appraisal was carried out.
Why is it important to carry out a real estate appraisal?
One of the main benefits of carrying out a real estate appraisal is that people have the certainty that they will be buying, selling or renting a home at a fair price, which will give the person greater security when carrying out the procedure they want. In the case of sellers, they will be able to put a suitable price on the home without having considerable losses and without having a very high price, while in the case of someone who buys or rents, they will have the certainty that they are paying the fair price and suitable for the dwelling in question.
Another reason for which a real estate appraisal can be useful is in the event that a mortgage loan is required, since to release this credit, banking institutions request an appraisal of the property in question.
What does the appraisal include?
Determination of real estate value
They may vary depending on the type of appraisal.
Quote here Real Estate Appraisals
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