Property Valuation: New real estate valuation tool in just 2 minutes.
Real estate valuation is one of the most important factors in selling property, whether to give it away or mortgage it. This can include the valuation of an apartment, house, commercial premises, administrative premises, land plots and even forests. Often, when selling housing, their owners try to save money and assess the value of the housing themselves. However, property valuation requires not only accuracy and preparation of a plan, but also experience. Therefore, a professional valuation will be much more accurate and objective.
One of the most frequently asked questions in our work practice is "how much is my property worth?" Together with our team, we decided to make this task easier for all of you and created this new and smart real estate valuation tool that will allow you to find out the preliminary value of your real estate in just a few minutes.
The tool is constantly updated with the help of artificial intelligence (AI), so we hope to be able to provide you with the most accurate assessments possible.
Asset valuation tool –https://www.nt-kaunas.lt/turto-vertinimas
Asset value analysis process
The analysis of the property valuation is carried out gradually, following a precise plan. First, data analysis is performed, the documents required for the valuation are prepared and their analysis is performed. The valuation requires an inspection of the property, therefore the real estate appraiser arrives at the location at a pre-agreed time and inspects the property to be valued. Later, a report is prepared, which analyzes the documents provided by the client and the information collected during the inspection. A conclusion is prepared. Finally, a real estate valuation report is provided to the client.
The main criteria for evaluating housing:
- Location;
- Year of construction;
- Total area;
- Heating method;
- Number of rooms;
- Building type.
Asset value analysis process
- Its owner changes. Property is sold, exchanged, donated, inherited;
- You want to buy, sell, exchange, mortgage or otherwise transfer property;
- Companies are subject to bankruptcy proceedings;
- The property is pledged to obtain a loan or EU support;
- The property is taxed, insured, and declared;
- Assets are recorded in financial accounting documents;
- Is recognized as ownerless;
- Enforcement of court or bailiff orders;
- This is requested by the property owner or the client of the property valuation.
Documents required to conduct an appraisal of an apartment or house.
If an apartment valuation is being carried out:
- Extract from the central data bank of the State Enterprise Centre of Registers Real Estate Register;
- (if the apartment belongs to a plot of land or part thereof);
If a home appraisal is being performed:
- Extract from the central data bank of the State Enterprise Centre of Registers Real Estate Register;
- Apartment cadastral (inventory) file;
- Land plot plan;
- Cadastral documents of dependencies.
How long does a real estate appraisal take?
The preparation of a property valuation report takes an average of 2 to 4 days. This period is reasonable if all documents are in order and submitted, but if they are not available or not all prepared or even lost, the search for them can take up to 20 days. Therefore, when planning to conduct a property valuation , it is recommended to take care of the necessary documents in advance. This will help save time.
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