What is a property valuation? why it is important?

The purpose of property valuation is to determine the monetary value of a real estate property. This value is typically determined by analyzing the property’s physical characteristics, such as size, location, condition and age, as well as any improvements that have been made to it and comparing it to similar properties in the area.

What is the cost of a property valuation report/ certificate?

Government-approved property valuer in India  and UAE

Importance/Purpose of property valuation.

The value determined by property valuation can be used for a variety of purposes, including:

Buying and selling:

Real estate valuation is used to determine the price at which a property should be sold or purchased. This ensures that both parties have a clear understanding of the value of the property in question.

Taxation: 

Real estate valuation is used to determine the value of a property for tax purposes. The value of a property is often used as the basis for determining how much property tax is owed.

Finance:

 Banks and other lending institutions use real estate valuation to determine the value of a property when issuing mortgages and other types of loans. This helps to ensure that the lender is protected against the possibility of the property losing value over time.

Insurance: 

Insurance companies use real estate valuation to determine the value of a property for the purpose of insuring it. This helps to ensure that the insurance company is able to pay out a claim in the event that the property is destroyed or damaged.

Investment and Development: 

Investors and developers use real estate valuation to determine the value of a property in order to make informed decisions about whether to buy, sell or develop it.

Estate Planning and Probate: 

Real estate valuation is used in the process of settling an estate when someone dies. The value of the property will be required for the distribution of assets.

In summary, property valuation reports determine the monetary value of the real estate, which is useful for buying and selling, taxation, financing, insurance, investment and development as well as estate planning and probate. It is an important step in many real estate transactions and decisions.

Property valuation for immigration or Visa purposes 

Property valuation for immigration refers to the process of determining the value of a piece of real estate that is being used as collateral for an immigration investment program. These programs, also known as EB-5 programs, allow foreign investors to obtain a U.S. green card by investing a certain amount of money into a U.S. business or real estate project.

The value of the property being used as collateral is an important factor in determining the amount of investment that is required under the EB-5 program. The property must be appraised by a qualified appraiser to determine its current market value. This appraisal is then used to determine the total value of the investment and to ensure that the investment is sufficient to qualify for the EB-5 program.