What is valuation, and how does it work?
A certified appraiser determines the market value of a residential or commercial property in a verified valuation. A verified valuation is required when applying for a mortgage. The bank or mortgage lender determines the loan amount based on the valuation of a recognized appraiser. Therefore, it is crucial to carry out the valuation thoroughly and professionally.
What determines the valuation of a property?
- The content and surface of the property;
- The functional layout;
- The quality of the materials used;
- The extent to which the property is energy efficient and insulated;
- The location and the environment;
- The market situation;
- The state of maintenance
When is a valuation report required?
- When buying or selling a house;
- When dividing property;
- When properties must be declared for tax purposes;
- When taking out a building insurance policy;
- To object to the value applied by the government;
- When taking out or increasing a mortgage
For many years, members associated with TVC have valued companies and houses at the highest level. As a result, the valuation reports are professional, accurate, and accepted by banks and financial institutions.