For pricing is the valuation of an object, either a work of art, a jewel, a house or business. Usually when we talk of valuations (in Spain) is usually dealing with mortgage valuations (which are regulated by ministerial order ECO/805/2003 of March 27 and subsequent amendments) and that those assessments are being made on real estate (land, buildings, mines, etc ...), which are used for the use of the property appraised as a guarantee or warranty of a mortgage loan. These valuations should not be confused with those made by employees of real estate, that prior to the sale of an apartment, usually perform a valuation of it. These valuations are not valid before the Bank of England.
PROCESS OF AN Taxation:
When applying for a mortgage, the bank or savings bank charge a valuation of the goods to be used as collateral in case of default (sometimes you can go to the bank with a pricing charge at a particular valuer). The valuation is performed by a valuer from a company valuation accepted by the Bank of Spain, who visits the property to tax, which is usually measured, and produces a photograph of the same plane. Subsequently conducted an assessment report of the property, which is audited once or several times by his company to verify the completeness of the report with the law and with the market. Once the report is audited refers to the particular bank or to have applied. Subsequently, the bank can grant a loan that is a percentage of the appraised value of the property used as collateral. online dictionary Generally tends to lend up to 80 of the appraised value without the need for further assurances that the property appraised. To overcome this percentage the bank also requires the applicant to sign the mortgage and other guarantors, thus sharing responsibility in the event of default.
Titration Assessor:
Depending on either the tax assessor should be an architect or technical architect (residential or commercial, or industrial engineer industrial engineer (construction industry), agricultural engineer or agronomist (farm, farming land or buildings in rustic ), etc ... Sometimes a property should be evaluated by a set of techniques with different degrees due to its complexity. Thus, a mineral that can be rated by a mining engineer who TASE mine, an architect Engineer TASE or industrial buildings and an agronomist who TASE land.
METHODS Taxation:
Normally, the appraiser estimated the value of the property for benchmarking, researching the selling prices of similar properties. This method is best used for the valuation of homes, industrial buildings, parking and commercial premises. If you are hired, also capitalizes on the rental income and get a second value, different to that obtained by the method of comparison. The appraised value will always be the lesser
In the case of urban land, so its value can be calculated by other methods, such as the Residual method Residual Dynamic and Static Methods. Basically, these methods allow what is to calculate the land value from the sale value of items you can build on that land and discounting the benefit of the developer, construction costs, financial, commercial, etc ...
Some buildings like the farm, the farm economy (which are properties that can only be used for a type of business, such as a camping site, a quarry, a hotel, etc ...) has a double value. For a fee is the cost of the property (the value of land and construction costs) and on the other hand is a calculation of the value of the business, capitalizing on the rents that can have that business. The appraised value is always the lesser.
COMMENTS:
As in almost all sectors, companies are adjusting and adjusting more or less professional, so that while some companies are in line with the values that are in the market, others are overly cautious or overly generous. If the appraisal value is much higher than the actual value of the property, the bank can lend more money, causing many managers to pressure banks to their chartered tasen higher. This practice, widespread, making many mortgage loan guarantees do not cover the real value of the loan.
The Bank of England conducts regular inspections of companies to control pricing.
Some companies are independent business valuation, while others belong to a bank or savings bank or group of savings banks.
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