It is not a secret for anyone that during the sale of real estate it is necessary to conduct an expert assessment of the property. This issue has many nuances. That is why in this article lawyers Prykhodko and Partners will reveal the issue of expert assessment of residential and commercial property. We will pay attention to the most important questions that may arise in the process of buying or selling real estate.
What is a real estate appraisal?
The real estate appraisal procedure consists in the determined prices of property, property and non-property rights, as well as business and intangible assets. The most common type of assessment is the assessment of real estate objects. The procedure involves determining the value of the object or the legal rights to it. In the future, this information is used to conclude and implement the sales agreement.
The most used service in this area is an expert appraisal of real estate for sale. In addition to this option, there are other popular forms of real estate appraisal. In particular, a real estate appraisal provided by BTI is often required. This procedure is usually performed in situations where the owner is listing a residential or commercial property for sale that needs restoration. In recent years, potential real estate owners have begun to pay much more attention to the amount of taxes. Having bought a cottage, an apartment or a non-residential building, they will be obliged to pay them regularly.
This issue can be determined quite precisely with the help of a cadastral assessment of real estate. The procedure is performed by using the mass evaluation method. This means that together with the prices for the cadastre, the market value and the amount of potential tax are determined.
How is an expert assessment of residential and commercial real estate carried out?
According to the current Ukrainian legislation, real estate evaluation can be carried out both independently and with the help of special specialists – expert appraisers.
It is difficult enough to independently conduct an expert assessment of residential or commercial real estate. What are the risks? For example, you can enter incorrect information about real estate or incorrectly choose analogs for comparison. As a result, you will receive a more inflated value of real estate, and it is from this amount that you will have to pay taxes. In addition, you may have a number of questions that you may not always be able to answer.
An expert appraiser evaluates residential and commercial real estate based on the mechanisms provided by the state, his own knowledge and experience.
In addition, the subject of appraisal activity has a number of additional levers of influence on the process of establishing the fair value of property. This will protect the customer from mandatory payments and excessive taxes.
Among the specialists of our law firm Prykhodko and Partners are experts who specialize in the evaluation of residential and commercial real estate. As a result, you will receive a complete property appraisal report with justification of the total value of real estate.
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