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001-E Introduction : Home
011-E Property Management Contract : 010-E-Our activities
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print article020-E Valuations

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20-E ReAct VALUATIONS:

 

One of the tasks of an estate agent should be his ability to carry out valuations on properties. To do this properly he obviously need to have good knowledge of the local market, for that reason it is advisable to appoint somebody who is familiar with the area the property is situated in.

 

A valuation can be needed for various reasons:

  • Just for you to know what your property is worth
  • In case of a second opinion
  • For court cases
  • For tax reasons
  • In case of divorce
  • To establish the value for inheritance purposes
  • To obtain a mortgage
  • And without doubt for other motives as well.
 

To carry out an official valuation and to establish the value the valuator should be in the possession of the following documents:

 
    1. The Caderneta Predial Urbana and or Rústico (log book of the property), which will indicate the official sizes as registered in the tax department and the age.
    2. A Certidão de Teor (Registration) which will give info over who the legal owner is and if mortgages or other encumbrances are registered against the property
    3. A licença de Habitação (habitation license), which will give the information if the property is legally occupied in the eyes of the local Camâra (town council)
    4. Title deed when the property was purchased.
    5. Certified plans of the Town Hall of projects submitted and approved.
    6. Energy Certificate (new)
    7. A plan of the land and area at scale 1:2.000
    8. A plan of the land at scale 1:25.000
    9. Any info on Condominium fees if applicable
    10. Info on possible obtainable rental or other income.
    11. Other fixed expenses.
    12. Whatever else you feel is essential to know.
 

After my retirement as an estate agent I stayed in touch with the real estate market for which reason I can carry this out.

My basic fees for carrying out valuations are laid down in the following table.

 

Valuations:

Price:

IVA

Total incl. IVA

Between

And

Extra p/km.

Incl. IVA

Fee:

€ 500

23%

€ 615,50

00 km.

50 km.

€00,00

€ 00,00

Above

 

if

 

above

50 km.

€ 1,00

€ 1,23

   

applicable

         

 

Date Inserted: 01 November 2017
Last Updated: 17 January 2018
 
Have questions or comments on this article? email me

 

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