real estate valuation expertise
Real estate market value
The real estate market value appraisal is positioned above all as an impartial and independent evaluation. Whether for sale, purchase, inheritance, insurance or other needs, it aims to determine the market value of a property at a given time. It is accomplished by writing a report which describes the legal, technical and economic aspects of the property in question. Impartiality excludes any financial conflict of interest between the expert appraiser and other real estate players such as agencies, insurance companies or banks.
The expert mission
This real estate valuation mission includes various studies allowing the real estate valuation expert to evaluate the property by considering all the elements likely to influence its value. These elements include, among others, location, environment, mode of ownership, management, rental situation, easements and quality of construction. A complete visit of the property, as well as its equipment, is generally carried out. If certain parts of the property are not accessible, this is recorded in the report and taken into account in the evaluation.
Advantage of expertise
A real estate valuation report offers the possibility of making informed decisions regarding the management of your real estate assets, based on a complete evaluation of the fair price. This report can be presented to third parties, thus providing an assessment recognized by the courts and the tax administration. It strengthens the negotiation by providing arguments justifying the estimate of value. By relying on the opinion of an independent real estate expert, the negotiation can be carried out with solid arguments.
What situation requires expertise
A real estate appraisal report is necessary for the evaluation of property in amicable contexts such as the sale of a property, the privatization of a common area in co-ownership, or the negotiation of the price during a purchase. It is also essential in contentious situations, such as division in the event of divorce, inheritance, tax declaration, or guarantee for a bank loan.
Content of an expert report
The real estate appraisal report includes an in-depth analysis of the information and documents relating to the appraised property. It explains the calculation methods, justifies their choice, and demonstrates in a reasoned manner the criteria which led to the value retained. This detailed report includes the description of the mission, the geographical, legal and urban situation of the property, its description, the rental situation, the qualitative assessment, the evaluation, the conclusions and annexes and of course a market study.
The expert's evaluation is based on this in-depth study of the real estate market where the property is located. This part of the report, crucial to determining value, must include references to similar real estate transactions. It makes it possible to estimate a market price for the appraised property.
Expert Charter
The Charter of Real Estate Valuation Expertise, adopted in January 1998, sets out the methods and procedures for experts in their mission. It defines the general conditions for exercising expertise in matters of professional ethics. Hiring a real estate expert who is a member of an association that has signed this Charter ensures a quality service, guaranteeing the impartiality of the expert.