Real Estate Assessments
Real estate appraisers in our country sometimes cause disagreements and discussions about the lack of knowledge.
It may turn out to be risky in the hands of pseudo appraisers, we explain the different types of appraisals.
Physical or Direct Appraisal
This assessment describes the physical value of the copyrighted material in question, ie, how much it would cost to rebuild the same property? demerits and penalties applied because of the life consumed the building through the years and the level of maintenance that has been made
How much worth at that moment that property as is?, How much are the old stone today?
Several property value a precise scientific methods to calculate this value, however does not take into account the Law of Supply and Demand of the property and this is where it causes great confusion because if it makes a technical assessment, “Physical or Direct “The public believes that it will sell at exactly that value, which in most cases not.
Image: Google
Some appraisers are not qualified without valid licenses are such appraisals resulting in unrealistic prices.
Even some nephews or other close relatives who have studied a little engineering or architecture, dare to do appraisals without professionals in the field, to mislead the public and causing confusion.
It is therefore important that such appraisals be done by an expert in the field.
Income capitalization Appraisal
Analyze the income that could be paid for the property in question, capitalizing on a percentage that is the result of the type of ownership. The conservation status, the ease of renting, the rate that banks pay to have deposited money, inflation, appreciation, demerits and other factors, are where you get a value of that property by making a mathematical analysis.
This assessment does not match the physical or direct assessment, as this valuation by capitalization of income, indicates what the capital would have to invest in the property to stop the rent above.
This type of assessment and analysis of the factors are very complicated, you dare not do it alone, always consult a professional.
