Documentation to Support Property Valuation
The Appraiser's access to the legal, up-to-date and legible documentation of the property to be appraised, among other steps and factors to take into account and develop, is one of the main supports for a good appraisal report.
Documentation for a property valuation
Depending on the type of asset to be valued and the work to be carried out by the valuer, previously agreed with the client, it will be adjusted to each situation resulting from the information needs.
For example, to estimate the market value of a vacant property, it should be made available:
- a Land Registry Certificate or Permanent Certificate Code;
- Up-to-date plans approved by the Municipality and a Licence to Use.
Who provides the documentation?
Normally the documentation is provided by the Client and depending on the type of property to be valued and the work to be carried out by the Valuer, previously agreed with the client, it will be adjusted to each situation depending on the information needs.
Information Quality
Obviously, the more and better information about the asset that is made available to the valuer, the better and more reliable the estimate of value will be, ruling out the use of assumptions that may later not be true in reality.
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