Question 1

What Is Real Estate Valuation?

Accepted Answer

Real estate valuation is a professional process carried out to determine the market value of a property. It takes into account the property's material and physical characteristics, environmental factors and market conditions. Valuation can be carried out for various purposes: mortgage collateral valuation for financial institutions, sale or rental pricing for property owners, valuation for tax purposes and valuation for investment purposes. The process is usually carried out by a real estate expert or a valuation firm and includes inspecting the physical condition of the property, making on-site observations, assessing environmental factors and analysing the market for comparable properties.

Question 2

Why Is Real Estate Valuation Necessary?

Accepted Answer

Real estate valuation gives property owners reliable information about true value. Banks require it for loan applications, and it is an important document in tax filing processes. It supports informed decisions in investment and portfolio management, serves as evidence in legal disputes and insurance claims, and provides guidance for market analysis and strategy development.

Question 3

How Does the Valuation Process Work?

Accepted Answer

The process consists of these stages: application and information gathering, fieldwork and data collection, market research and data analysis, selection of the valuation approach (market, income or cost approach), preparation of the valuation report, and presentation and explanation of the report. Every project is unique, and additional steps may be required depending on the process.

Question 4

What Is a Valuation Based On?

Accepted Answer

A valuation is based on market research and analysis, the physical condition of the property, comparable sales and other comparable data, the income approach (especially for commercial real estate), the cost approach, and the valuation expert's professional experience and expertise.

Question 5

What Does a Valuation Report Include?

Accepted Answer

The report includes the purpose and scope of the valuation, a general description of the property, the valuation methods and analyses used, the valuation results (market value and valuation date), and appendices and supporting information (market analyses, comparable sales data and similar material).

Question 6

How Long Does the Valuation Process Take?

Accepted Answer

The duration varies depending on the complexity and size of the property and on market conditions; it is generally completed within a few days to a few weeks. Fieldwork can take from a few hours to a few days, while analysis and reporting can take from a few days to a few weeks.

Question 7

How Much Does Your Valuation Service Cost?

Accepted Answer

The cost varies depending on the type, size and location of the property and the scope of the requested service. We apply a flexible pricing policy that suits our clients' needs and budgets. For a full quotation, please contact us.

Question 8

How Long Is a Valuation Report Valid?

Accepted Answer

A valuation report is generally valid for 3 to 6 months from the date it is prepared. This period may be shorter when market conditions change quickly. For detailed information about the validity period, you can contact us.

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