Real estate Appraisals
Real estate appraisals are included in the main services offered by the real estate agency Greca House. Appraising a property is an important part of the process of buying or selling a property. In addition, every financial institution, in order to provide a mortgage loan, requires a formal appraisal from a certified professional.
An accurate and reliable appraisal of a property, combined with appropriate technical and legal advice, plays an important role in the overall success of an investment in real estate. The global economy is constantly reshaping, creating significant investment opportunities in the real estate market. However, in order to make your investment safe, a reliable analysis of the value of the property by an experienced company is required.
Why real estate appraisals are important
Professional real estate appraisals are also the ones that will determine the real value of a home or a business place. If you are planning to buy a home or are considering investing in real estate, you have probably heard that you need an appraiser. This is an inevitable part of the process, which must be carried out by a specialized real estate agency.
Real estate appraisals are especially important for the simple reason that they protect your investment. They help you ensure that as a buyer you will not pay higher amounts to acquire a property, or as a seller you will not receive a lower price than you should, according to the prices on the current market.
What does a property appraisal include?
The appraisal of a property usually begins with the inspection of its interior and exterior spaces from an appraiser, in order to form a detailed picture. Then, depending on the type of property, a detailed comparison will be made with the sale prices of similar properties in the same area or similar characteristics, so that the appraiser can come to his final report.
How is the value of a property assessed?
The factors that affect the final price in real estate appraisals are several. The most important ones that an analyst focuses on are:
- Recent property purchase prices in the same area.
- Operational problems of the property in plumbing or electrical installations, etc.
- The near location of the property (close to sub, central point, etc.).
- The overall trend of the economy in the field of real estate.
Of course a real estate appraiser is not going to check all the damages of a property that may affect your living in it. In order to be absolutely sure of your purchase, it would be good to contact a competent technician.
Why choose our real estate appraisals?
The many years of our experience, the excellent specialization of our analysts – appraisers and the continuous monitoring of developments in the field of real estate, allows us to implement any assessment with absolute accuracy. We are able to capture detailed and reasoned reports on the real value of a property based on current conditions. For more information on the appraisal of your property you can contact us directly.
