How is it made a property evaluation?

1. The documentation about the real estate building by a real estate assessor
• the identification of the real estate property ;
• the identification of the documents that certify the right of property on the object of evaluation ;
• the assessment of the purpose of the real estate evaluation and of the type of value that must be determined ;
• the visit of the property that must be evaluated, taking photos both from the inside of the property as from the outside of the property, the demand of copies (duplicates) of the property’s papers.
2. The centralization and the analysis of the data and of the information
• the gathering and the analysis of the data and of the relevant information. This data and this information will contain necessary elements for applying the assessment methods. (the costs method, the analysis of the best utilization, the method of the direct comparison)
• one determines compliance with standards, specific assumptions, limiting conditions and sources of information ;
3. The elaboration of the real estate assessment

The assessment of the real estate property is finalized by the elaboration of an evaluation report.

The real estate evaluation report explains the analytical processes that have been completed during the evaluation and presents significant information that were used in the analysis. The type, the size and the content of an evaluation report varies depending on the type of property, on the legal requirements and on the nature and the complexity of real estate evaluation.