Among the execution value and rebuilding value, a real estate appraisal helps to establish
a property's market value - the likely sales price it would bring if offered in an open
and competitive real estate market.
Selling or buying
If you are in the market for selling or buying real estate property you most probably
want to know if the price is reasonable. Selling your property while the competition is
more reasonably priced won't do you any good. As a buyer you most certainly don't want
to pay too much. Our objective appraisals will help you making the right decision,
whether you're selling or buying.
Bank or lender
A bank or lender will require an appraisal when you ask to use a home or other real estate
as security for a loan, because it wants to make sure that the property will sell for at
least the amount of money it is lending. An appraisal is the only valuation report a bank
will consider when deciding whether or not to lend the money.
When buying a house you need to insure it for example against fire or storms. Therefore your
insurer needs to know the rebuilding value of the property.
Divorce or death
In the event of divorce or death an appraisal is inevitable to come to a fair division
between the parties involved.
What you'll see on an appraisal report from Van Olst Real Estate Curaçao
Appraisals are detailed reports, but here are a few things they include:
- Details about the subject property
- Statements about issues the appraiser feels are harmful to the property's value,
such as poor access to the property, leakages or termites etc.
- Notations about seriously flawed characteristics
- What type of area the home is in (a development, stand alone, etc.)
Van Olst Real Estate Curaçao is here to help determine a realistic price for whatever
purpose you might need it.