A process such as an assessment of your or someone else’s real estate is one of the most common types of evaluation activities. Simply put, this is a full assessment of the cost of a real estate object. Often, in order to adequately sell your property, you immediately write ads to print publications or post ads on the Internet, such as “Selling apartments urgently”. But, before inviting others to others, first correctly and correctly evaluate it, so as not to lose with the price.
When assessing real estate, several types of value are considered determining: market, restorative, substitution, liquidation. If we consider the market value, then it is based on the cost of your object in a modern market economy. Often, the market value is used in the process of transactions of the purchase – sale, transfer of the real estate for security, determining rental payments. At the moment, the market value is considered the most important for any person, since it reflects the true, real price of real estate.
By liquidation value is understood the value that is obtained in the process of selling the estimated object within a limited period of time. This cost will always be lower than market. The cost of replacement implies the full cost of the construction of a new building or a certain structure, subject to accounting for the accumulated wear. And the recovery is called the cost that is mainly applicable in the process of registration of insurance contracts. Under such agreements, provided that the insured event occurs, a certain payment must be made, which is equal to the cost of the structure itself without taking into account wear. You can find out the entire list of documents that are necessary when evaluating your real estate from a real estate specialist, or from legal lawyers.