Avaliação imobiliária

Avaliação imobiliária

The real estateinfo-icon valuation is a process that involves the physical inspection of a duly certified professional appraiser to a property with the purpose of estimating the financial value of it.

From a real estate point of view, the valuation of a property is a process usually required whenever the transaction of an apartment, house, shop or land is concerned, for the purposes of sale, lease or in the context of a mortgage loan.

What is the purpose of a real estate appraisal?

The real estate valuation is required for several purposes, being compulsory in some situations:

  • Num processo de crédito hipotecário para a compra ou construçãoinfo-icon de um imóvel;
  • Por motivos fiscais, tal como a avaliação patrimonial (VPTinfo-icon) que entre outros fins, serve de base ao cálculo de impostosinfo-icon como o IMIinfo-icon, IMTinfo-icon, etc.;
  • No âmbito de um processo judicial;
  • Herança ou partilha de imóveisinfo-icon;
  • Expropriação por motivos de utilidade publica;
  • Avaliação requerida por uma entidade seguradora;
  • Diversos tipos de transações;
  • No âmbito de um processo de investimento;
  • No âmbito de uma avaliação patrimonial de um particular ou empresa.

Como se avalia um imóvel?

A avaliação de um bem imobiliárioinfo-icon pode ser feita por diversos métodos, entre os quais há a destacar os 3 seguintes:

Comparative Method - Also called "Direct Method", "Comparison", "Synthetic" or "Empirical", is based on knowledge of the local real estate market and values of real estate transactions similar to those of the property to be evaluated. This is one of the methods most used and inspires greater confidence because it mirrors the commercial value of the good, when subject to the law of demand and supply.

Income Method - Also referred to as "Analytical Method", "Income Capitalization Method", "Exploration Method" or "Indirect Method", and is used when it is possible to estimate the yield obtainable by a given property, taking based on the current capitalization of the expected net income. In conjunction with the previous one, this is one of the most used methods in Portugal.

Cost Method - Also referred to as the "Investment Method," "Cost of Reproduction Method," "Cost of Replacement Method," or "Cost of Replacement Method," is to determine the value of the property through the sum of the value of the land market and of all the necessary costs for the construction of a property with the same physical and functional characteristics. It is used in the evaluation of properties rarely transacted, such as public patrimony, churches, castles, etc.

Who can carry out a real estate appraisal?

Real estate appraisals must be done by professionals - appraiser or real estate expert - with a degree in: Real Estate Management, Engineering or Architecture, or in a relevant area related to Real Estate Appraisal; experience in Real Estate Assessments; active registration with the CMVM.They must be enrolled in the professional association and have insurance.

What data should be included in a Real Estate Assessment

The report shall contain references to the following:

  1. Identification of the entity conducting the evaluation;
  2. Clear identification of the object of the evaluation, including photographs and description of its physical, functional, etc .;
  3. Purpose of the evaluation, with reference to the entity or person for whom the evaluation is carried out;
  4. Basis and assumptions for the evaluation;
  5. Date of last visit to the property and date of evaluation;
  6. Warnings (in relation to the discrepancy between the physical reality and the description in the matrix register, when there are doubts in the identification of the property or in relation to the structure and state of conservation, when what is evaluated is not in agreement with theexisting legislation, or has a non-existent use to determine, when there are doubts regarding sources of information, the owner of the property at the time of the evaluation and the conditions of lease or cession);
  7. Method chosen;
  8. Calculation of justification, justified range of errors justified;
  9. Value of the asset (number and in full), when the valuation affects a good that consists of different cadastre properties or fractions for registration purposes, the total value of the property must be given and the partial value of each of the parts that or constitute (ex.Value for each fraction or parking garage);
  10. Signature of the appraiser.

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