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The appraisal is an assessment performed by a licensed professional in real estate and determines the amount of money the bank lends to the buyer when applying for a mortgage. To the person requesting the loan's interest that the pricing is as close as possible or exceeds the price he must pay the seller, otherwise pay the difference not covered by the mortgage. Importantly, not always the bank grants a loan for 100% of property value, it is usually around 80%, especially if the forecast of the evolution of the price of it is negative. In this case the individual must have money to give an entry to the home purchase.

By law, the bank and the person requesting the loan must agree to choose the company or certified professional who performs the assessment and who pays the costs of service. However, in practice often impose their bank and charge the buyer expert expert appraisal. The cost of the appraisal of an apartment is usually between 100 € and 300 €.

For the valuation of a flat or any other property, the appraiser takes into account a multitude of features: location, square footage, number of bedrooms, number of bathrooms, quality of materials, etc. The expert made a study of the prices of similar homes in the same area and used as a benchmark for the pricing issue.

Factors that increase the appraised value

There are some features that increase the value of the property and the availability of community spaces such as elevator and sports grounds and swimming pool. Also, positively influence the commercial offer in the area and facilities such as schools and hospitals. Other positive aspects include the installation of air conditioning and parquet and laminate flooring. Currently in the market for new developments in growing neighborhoods, new buildings often have a swimming pool and paddle tennis court or similar value being sought after by potential buyers.

Factors that reduce the appraised value

As factors affecting the value of the pricing we have the conservation status of the property (peeling paint, old doors in poor condition, etc..) Lack of public transport near the noise (which can be produced by traffic or commercial premises such as bars and discotheques) and proximity to industries that emit fumes and produce odors.

Appraisal Document

Then we will discuss the contents of a document appraisal, taking as an example an assessment of Tinsa. The document is divided into four sections:

• Summary appraisal: Includes details of the applicant, the assessor's data, the location of the property and the appraised value. Also included are the basic features of the house: floor area, floor area, type of housing (exterior or interior), number of bedrooms, number of bathrooms and toilets, etc. Finally, we include information from other similar homes in the area. (3 sheets to the present paper)


• appraisal certificate: is the official document proving the market value of the property. Includes data from the appraiser, the owner of the house, the assessed value calculated, counters, etc. (2 sheets for the document under consideration)


• appraisal report: includes the most extensive documentation. The main sections are: requesting the appraisal and purpose, identifying and locating, testing and documentation location and environment, description and area of \u200b\u200bthe building, description planning, system protection, tenancy and occupancy, market analysis, and calculation of technical values \u200b\u200band appraised.


• List Includes photographs, location map, sketch of the property and documentation.

Finally, say that real estate booms housing appraisals are usually done to increase during recessions and down.