Why should you obtain an appraisal or valuation?

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• The title deed of the real estate you plan to purchase may contain liens, annotations, mortgages, or other declarations. Without proper information about any restrictive encumbrances, you might face last-minute surprises, leading to potential financial losses.   

• Lack of verification opportunities may result in uncertainties regarding whether the property shown to you matches the agreed-upon real estate in terms of location, floor, and project size. This increases the risk of purchasing a problematic property.                           

• Limited control over the real estate market may lead to buying a property at a price exceeding its actual value, resulting in a non-profitable investment.                                             

• Deceptive practices, such as presenting a larger apartment in a desired location, may conceal the fact that the property has a smaller usable area.                                                           

• Without an appraisal report at the time of purchase, you may encounter difficulties addressing any physical or legal problems arising in the years following the acquisition. To mitigate potential risks and prevent financial losses, it is essential to consult with a Capital Markets Board (CMB) licensed expert when buying or selling real estate.                       

• An appraisal report is also valuable in cases of property transfer through inheritance, providing assistance when determining a fair share.                                                                            

• In instances where real estate is used as collateral in credit transactions, presenting the expertise report to relevant institutions can be beneficial in safeguarding your interests."