When it is necessary to evaluate real estate

The Definition of “property” is very clearly given in the Civil Code of Russia, according to some articles which properties are land and all existing controls.

In connection with active development of market relations, the evaluation of real estate today – a very popular type of service. At the moment there are many types of land ownership (public, private, commercial), each of which, anyway, needs assessments.

The Evaluation shall be:

- the residential real estate, which includes individual houses, apartments;

the land;

- commercial real estate type: hotel, warehouse, office, retail space;

- incomplete construction objects;

- real industrial type;

- utilities

- various support and utility structures located on land.

Immediately the valuation is required in many cases associated with the process of sale of land and located on it buildings and structures in the delivery of property in rent, the resolution of a variety of property disputes, in accession to inheritance rights, registration with the balance not previously considered objects. Today it has become very popular so-called mortgage lending. In the case of obtaining such loans, the valuation of real estate is not only desirable but even necessary, as banks give the borrower the money only after receiving an official appraisal certificate.

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Can Not do without this procedure and any investment project, conclusion of various insurance contracts, the signing of marriage contracts and many other legal actions with real estate. In case of damage to property as a result of accidents, spills, fires, natural and other disasters required the assessment of real property damage to determine the size of the damage and calculation of amounts necessary for restoration or repair work. The assessment, by the way, should hold even when the resolution of the conflict is by peaceful means, without recourse to the court.

Typically, the customer usually knows the approximate cost to be assessed object, but do not forget that typically is calculated its market value, which depends on many factors, including from the prices set at the moment on the market. For this reason, the assessments should be trusted only to professionals, because today there are many companies providing similar services. In addition, the independent examination ends with a results document (act on the assessment), which has formal legal status.

And another important fact: the assessment of properties held as at a particular date. Usually it is the day of carrying out expert examination of the object.

There is Also another kind of real estate valuation - the so-called cadastral valuation. This type of examination is considered mandatory in many cases, especially when it comes to issues of taxation, carrying out of land transactions by state organizations. In this case the customer of the assessment activities is not a private owner or a legal entity, and the authority of municipal management.

Due to the above we can draw the following conclusion: the assessment of properties – this is a serious process, which requires appropriate qualifications and knowledge. That is why the implementation of expert activities should be entrusted to professionals well-established in this sphere of activity.