Tag: Lands And Houses Evaluation

When it comes to land valuation, the main confusion among customers is which evaluation they need: expert or regulatory one. Pay attention to this question to avoid the situation when you ordered a service that you do not really need in this particular case. To save your time and money, let’s see how these two jobs differ.

Expert money evaluation of land. The process of determination by the appraiser of the market value of the land. In most cases, this calculation is based on an analysis of offers to sell similar real estate. As a result of such an analysis, it is concluded that since similar areas cost so much, then our price should be somewhere within the same limits. Documents obtained by the customer as a result of such work are most often required for presentation to a notary in the execution of sales transactions, as well as for presentation in court.

In contrast to the expert evaluation, normative monetary evaluation is issued by government bodies. The value it defines has little to do with the market because it is not based on market data. It is used most often for the calculation of land tax, as well as for the notary registration of gift agreements.

You can find answers to other questions about the valuations of land parcels by reading the materials in our collection: