Why appraisal services for tangible assets are in demand

New organizations are constantly being created and older-style ones dissolved; real and movable property are being sold and acquired. Countless other business operations take place every hour. The laws of a market economy are such that everything has its own price and can be expressed in monetary terms. This applies not only to property — buildings, assets and liabilities, vehicles — but also to intellectual property. The desired result in such circumstances can easily be achieved if, for example, property is accurately appraised or the object of a purchase or exchange is evaluated. For this reason, appraisal activity continues to develop at a rapid pace. This article is devoted specifically to that activity.

By appraisal activity one should understand the various actions of its participants aimed at determining market or other types of value (price for existing use, the value of the appraisal object for tax purposes, the salvage value of the appraisal object). Participants can be practitioners (legal entities or individuals) on one side and clients on the other. There are many organizations in this field ready to provide a range of related services. Apartment valuation remains very common. Next comes appraisal of other types of property; it is often necessary, for example, to appraise weapons and similar items.

Property has always been considered a successful way to invest money. It can be fully used for various personal purposes. Valuation of non-residential premises is an example of real estate appraisal. When speaking of real estate, it is necessary to take into account that its price may depend on many factors, examples of which include inflationary processes, the rate of wear and tear, and the sphere of use. A wide variety of valuables may pass by inheritance, and this fact must be taken into account. All this is provided for by companies operating in this sector. Their range of services is not limited to appraising a car for inheritance, appraising a share of charter capital for inheritance, or appraising a firearm. If you have a vague idea about the business, an appraisal of a share of charter capital for inheritance is extremely important for you. Land valuation is carried out in many cases, such as purchase or sale, lease, or combined business valuation. The following aspects are taken into account: the intended use of the plot, possible options for changing it, its size, and others. Valuation of ownership shares also plays a significant role. It is used when carrying out various transactions — sale, purchase, exchange between contributors. It is often relevant in cases of accession, division, or merger of a business, given that it makes it possible to determine the actual ownership ratios among the owners. When property is divided between spouses, in connection with purchase or sale, as well as when obtaining a loan secured by collateral, services will be relevant: house valuation>. When disputes arise among heirs regarding the property they have inherited, and also for calculating the notarial fee, an estate appraisal should be performed. The system of consumer lending is developing rapidly, with collateral serving as a guarantee of repayment. To ensure that the loan amount and the value of the pledged property correspond to each other, banks commonly carry out collateral valuation.

To perform a property appraisal, the appraiser must possess a high level of qualification. Gathering the necessary information about the object is the first stage. The next step is its analysis and the selection of the most appropriate methodology for valuation. Calculations based on the chosen methods are carried out in the third step. The results are substantiated, and any discrepancies are immediately resolved if they arise. Preparing the report is the final stage. It contains all information about the valuation procedure, the methods used, and the results, including the final price of the object. It should be easy to understand and must be drawn up in accordance with all legal requirements.

The organization’s practice and reputation, the cost of services, and the promptness of work — these are an approximate list of criteria for choosing an appraisal firm.