Real estate appraisal methods

There are different types of pricing depending on the objective you have. The value obtained by the property for sale and the one that is fixed in the contract of sale to obtain a mortgage may be different. They are distinguished by two main values:

· Market value: value that the third party is willing to pay for it, through a private contract between a voluntary seller and a buyer.

· Mortgage value: is the value that a professional puts to the property by means of a valuation. This step is necessary to make a purchase and sale that needs to ask the bank for financing.

Other relevant methods:

· Tax values: The method used by the Treasury to pay the taxes that derive from the property.

· Cadastral value: is an administrative value that depends on the criterion of the municipality, considers aspects such as: the location, the cost of production, market value, etc. This value is based on the value of the land on which the property is located.

· Value of land: it deals with the price of the floor of the house and the raw material used in construction. Any property has value of land even if there is no free space to build.

There are many factors that influence the appraisal of housing, in Agenthia we want to help you in the process. That is why, from our website you can request a free appraisal of your property.