For someone who is not experienced with loans, evaluation of the apartment for a mortgage seems some completely irrelevant part of registration of the contract.However, it is not so.According to experts, real estate appraisal work is one of the most important processes in obtaining mortgages, because it is from them in the end depends on the size of the loan and the maximum period for which it can be issued.
Evaluation of apartments for a mortgage: the importance
valuation of the property by a professional is important in that it is based on it, the banking organization decides on the amount of loans to be granted.In addition, if it is produced by a professional who is familiar with the requirements of the financial institution, the likelihood of a favorable solution to the borrower increased several times.
also estimate apartments for mortgages determines the most likely its value for sale on the secondary real estate market, as well as the size of the discount on the urgency of the sale.Such action avoids reducing the size of the loan, which often resorted banking organizations.That is why any borrower is required to take responsibility for the choice of the expert appraiser.He must have the necessary knowledge and seek to maximize protect the interests of his client in the relationship with the bank.
stages of evaluation work
truly professional assessment of the apartment for a mortgage involves quite extensive and complex set of actions that can be divided into several milestones:
- first estimated location of the object.The area where it is located, its remoteness from the center.Accessibility and availability of public transport, environmental conditions.Status area in the immediate vicinity of the property, the condition of the entire infrastructure of the area.
- The second step is the evaluation of the property.It is important the following data: type of building, year of construction, material floors and walls, tall buildings, and the state of its communications, the presence of an underground garage or parking lot.
- The third step is to evaluate the characteristics of the apartment.At the same time it is considered as the total area and the residential area of the territory.Number of rooms, ceiling height, floor location, status, the presence of a loggia or a balcony.
Documentary basis for assessing property
Evaluation of apartments for mortgage Sberbank should always contain the information on the appraiser and customer service.Description of the methods that were used to it, as well as a detailed description of the property with actual photographs.In addition, the document should be included research of the market at the time of the procedure, the calculation of the cost of all necessary documents for the contract.The cost of apartments for the assessment of the mortgage on average between three and five thousand, but in some cases this amount may be higher because of the difficulties in obtaining the necessary papers.Report on the procedure are always issued in accordance with legal requirements, and all pages are then enumerated and sewn.In addition, the document must be sealed by the company's valuation.
