For someone who has not experienced loans,an apartment for a mortgage seems to be some absolutely insignificant part of the contract. However, this is not at all the case. According to experts, valuation of real estate is one of the most important processes in the design of mortgages, because it depends on them the size of the loan and the maximum period for which it can be issued.
Estimation of an apartment for a mortgage: importance
Estimation of the value of the property from the sideprofessional is important because, based on it, the banking organization decides on the amount of the loan to be issued. In addition, if it is produced by a professional who is familiar with the requirements of a financial institution, then the probability of a favorable decision for the borrower increases several times.
The appraisal of an apartment for a mortgage is also determinedthe most likely its value for sale in the secondary real estate market, as well as the discount on the urgency of the sale. Such actions allow avoiding a decrease in the size of the loan, which bank organizations often resort to. That is why any borrower is required to responsibly approach the selection of a specialist appraiser. He must have the necessary knowledge and strive to maximally protect the interests of his client in relations with the bank.
Evaluation work stages
A truly professional assessment of an apartment for a mortgage implies a fairly extensive and complex set of actions that can be divided into several important stages:
- First, the location of the object is estimated.The area where it is located, its remoteness from the center. Availability and availability of public transport, ecological situation. The state of the territory in the immediate vicinity of the property, the state of the infrastructure of the whole area.
- The second stage is the evaluation of the real estate itself.Here the following information is important: the type of building, the year of its construction, the material of the ceilings and walls, the height of the building and the state of its communications, the presence of an underground garage or parking for cars.
- The third stage is the evaluation of characteristicsapartments. At the same time, it considers both its total area and the area of the residential area. Number of rooms, height of ceilings, floor of location, condition, availability of a loggia or balcony.
Documentary basis for real estate valuation
Evaluation of an apartment for Sberbank mortgage alwaysshould contain information about the appraiser and the customer of the service. Description of the methods that were used for it, as well as a detailed description of the property with actual photos. In addition, the document should include market research at the time of the procedure, the calculation of the cost and all the documents necessary for the conclusion of the contract. The cost of estimating an apartment for a mortgage is on average between three and five thousand rubles, but in some cases this amount may be higher because of the difficulties in processing the required securities. The report on the conduct of this procedure is always formalized in accordance with legislative requirements, and all of its pages are numbered and stitched. In addition, the document must necessarily be sealed by the appraisal company.
