Practical aspects in real estate valuation

List of required documents for appraising an apartment

The list of necessary documents for real estate valuation has a fairly large amount of information, so it is discussed in more detail in the table below. information, therefore it is discussed in more detail in the table below.

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List of documents for obtaining a mortgage

In order to apply for a mortgage, you need to collect a certain package of documents, discussed in detail in the list below:

• a completed application form, which can be downloaded from the bank’s official website and submitted as an application for a mortgage;
• passports of borrowers, co-borrowers, possible guarantors (basic copies of the document must be submitted);
• original and copies of TIN;
• SNILS;
• photocopies of all pages of the work book, which must be certified by the employer companies. If you have an employment contract, you must submit a certified copy of it;
• certificate of income in form 2-NDFL for the last 6 or 12 months. At the same time, some banks do not require a document, but can check the level of income using the TIN;
• necessary documents for the property that will be issued with a mortgage (statement of absence of debts, restrictions, appraisal);
• military ID for men under 27 years of age;
• additional documents (preferential mortgages for the military, maternity capital, papers for the purchase of secondary housing, housing certificates).

How does this procedure work?

Before ordering an appraisal, you must obtain pre-approval from the bank for your mortgage. An assessment is carried out to determine the final amount. If you order an appraisal before contacting a bank and are denied a mortgage, you will have to do it again for another bank.

Sequencing:

• Agree with the seller and the bank;
• Select an artist;
• Conclude an agreement for the provision of services;
• Remit payment;
• Provide the documents necessary for the assessment;
• Provide appraiser access to the property;
• Get the report.

Features of assessment for individual banks

Some features of assessments in individual banks are discussed in more detail below.

Sberbank

The official website of Sberbank provides complete information on the list of documents for obtaining a mortgage and puts forward certain requirements for the assessment of collateral real estate:

• the assessment should be made by a list of companies that are in special confidence of the bank. Their list is also presented on the bank’s official website;
• the time for preparing the report after the examination must be at least 3 months;
• the finished real estate valuation document must contain information about the real value of housing and have an expert analysis of market segments in comparison with similar properties;
• attachment to the report of all necessary documents (technical documentation, technical passport, standards used in the assessment);
• the appraiser must personally visit the apartment and take photographs confirming its general condition;
• indication of additional characteristics (transportation, distance from the metro, location).

Documents for appraising an apartment for a mortgage in Sberbank have a standard set of papers discussed in more detail above.

VTB 24

The bank carries out professional assessments only from verified companies that are presented on the official website of the institution. The borrower has the right to choose a suitable organization to carry out this procedure. In this case, the choice of the borrower must be agreed upon with the bank to ensure the purity of the transaction. Conducting an assessment by a trusted company allows you to receive a completed report within 1–2 days, which significantly saves time for both parties. It is best to prepare documents for appraising an apartment for a mortgage at VTB in advance after receiving advice from a loan specialist, since a shortage of one of the documents will suspend the procedure indefinitely.

Raiffeisenbank

Raiffeisenbank does not put forward any specific requirements for assessing real estate, but this condition is mandatory for obtaining a mortgage. However, the institution does not have a specific list of trusted organizations to carry out the procedure. The completed apartment assessment report is considered valid for 6 months from the date of the procedure. After time has passed, the assessment will need to be carried out again, so this aspect must be taken into account when applying for a mortgage.

Property Valuation Certificate

Advice from lawyers:

1. In January 2008, I divorced my husband. In 2010, she filed for division of property (house and land). The court determined 1/2 of the household. Now you need to allocate 1/2 part in kind in order to connect utilities separately. Question: what state duty do I need to pay if I have already paid for the first section? And how to draw up a Property Valuation Report? And what organization can do this?

1.1. The state duty in your case will be 300 rubles.

Did the answer help you?YesNo

1.2. When filing a claim of a property nature that is not subject to assessment, as well as a claim of a non-property nature: for individuals - 200 rubles; for organizations - 4,000 rubles; Property valuation is based on many factors. You need the help of a lawyer in such cases - this is the most important thing in this matter. If you need help, please contact us.

Did the answer help you?YesNo

Consultation on your issue

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2. For several days now I have been receiving SMS messages and phone calls. calls from IBA Finance about loan debt from a bank from which I have never taken out a loan. What to do? I’m not reacting in any way yet because I have no obligations to this bank. Today they are already threatening an inspection commission to draw up a property assessment report.

2.1. You can write a statement to the police that unknown persons are extorting money from you.

Did the answer help you?YesNo

3. Should the documents on the privatization of an apartment in 1998 contain a property valuation act?

3.1. Unknown, depends on your municipality.

Did the answer help you?YesNo

4. The assessment of movable and immovable property was carried out in October 2010, the court for the division of property took place in October 2012, what is the validity period of the property assessment act.

4.1. Vladimir! The opposing party has the right to conduct an examination at its own expense, with further costs borne by the losing party.

Did the answer help you?YesNo

5. An LLC is registered. The authorized capital is formed by property. Question No. 1: How is this stated in the Charter? So write: The authorized capital is formed by property, the name of the property is such and such, its cost is 20,000 rubles? Question No. 2: How should the founders of an LLC pay for the authorized capital? Deposit 20,000 rubles in cash to Sberbank (for example), presenting a Property Valuation Certificate?

5.1. 1. The Charter no longer states what the management company paid for when establishing the LLC; it simply indicates its size (20,000 rubles) and the fact that it was paid for 100 (or 50) percent. You register the property in the agreement on the establishment of the LLC (although it is not a constituent document, but no one has canceled it) and in Protocol No. 1, you give it an assessment yourself (for example, a chair - 5,000 rubles, a table - 5,000 rubles, a computer - 10,000 and etc.)… 2. Money must be brought to the bank - if the management company is depositing money in money, you do not need to bring any money when paying for the management company with property. The main thing is that the capital amount is no more than 20,000 rubles, and then it will be necessary to involve a property appraiser.

Did the answer help you?YesNo

6. We register an LLC, the authorized capital of which includes property worth 20,000 rubles. A property valuation report was drawn up, all 3 founders put their signatures. Does this act need to be submitted to the tax office along with the entire package of documents? And also, does this point need to be stated in the charter? Question regarding the authorized capital.

6.1. Hello Andrei! An act for registering an LLC must be submitted. Keep in mind that the LLC Law provides for approval of the assessment of a property contribution to the authorized capital worth no more than 20,000 rubles. at the general meeting of founders. It is better to prepare the minutes of the meeting immediately, so as not to report it later.

Did the answer help you?YesNo

7. If the authorized capital of an LLC is formed from property, is it necessary to open a current account? And then what should be on this account? And one more thing - what documents are needed to confirm that the authorized capital was formed from property? (there is an act of property valuation, an act of acceptance and transfer). what else is needed?

7.1. A current account will still need to be opened after state registration of a legal entity, at least to pay taxes. If the authorized capital is less than 20 thousand and is formed from property, then an appraisal report is not required. If at the expense of money, then it must be deposited into a special bank account.

Did the answer help you?YesNo

8. Please explain how the non-monetary part of the Authorized Fund (office equipment) is assessed when registering an LLC if the company is created by a single Founder? Who should sign the Property Valuation Report? Regards, Tatiana.

8.1. Federal Law of February 8, 1998 N 14-FZ “On Limited Liability Companies” (as amended on July 11, December 31, 1998, March 21, 2002) "Article 39. Decision-making on issues within the competence general meeting of the company's participants, the sole participant of the company. In a company consisting of one participant, decisions on issues falling within the competence of the general meeting of the company's participants are made by the sole participant of the company individually and are drawn up in writing. In this case, the provisions of Articles 34, 35, 36, 37, 38 and 43 of this Federal Law do not apply, with the exception of the provisions relating to the timing of the annual general meeting of the company’s participants.”

Did the answer help you?YesNo

List of possible title documents

When applying for a mortgage, additional title documents may be required:

• certificate of inheritance, open will, which is the fundamental document for the successor to assume the rights and pay the state fee;
• information about other shareholders (degree of relationship with the applicant, gender, age);
• information about the repairs and decoration of the premises (receipts, materials used, actions and entities performing them);
• actual place of residence of citizens in certain circumstances;
• photographic materials, which are most often provided by a professional appraiser.

Documents for independent assessment

The real estate assessment must be independent and reflect the real circumstances and condition of the apartment. The procedure is initiated by trusted companies that provide evidence of their high professional activity:

• availability of appropriate education confirming the level of qualification of a specialist; accreditation of the organization in which the professional works, which confirms the level of his professionalism;
• a document confirming the inclusion of the organization in the register of appraisers;
• passport of a citizen of the Russian Federation to determine the compliance of the information provided.

The borrower or the court has the right to receive the above documents to confirm the legality of this procedure. Appraisal of an apartment is considered an important procedure that allows you to identify all existing circumstances and evaluate the results obtained to resolve possible controversial issues.

Who is doing

The market is flooded with offers for apartment valuation services. Organizations conducting assessments are divided into three types:

1. Companies;
2. Independent expert legal entities;
3. Individuals registered as individual entrepreneurs.

Many banks have lists of accredited companies that they trust. It is better to order an assessment from approved organizations. Along with “white” lists, banks also have “black lists” of unscrupulous appraisers.

Before ordering the procedure, the candidacy of the selected appraiser is agreed with the bank. If the appraiser or his report is not satisfactory to the bank, you will have to order and pay for the procedure again.

When choosing an appraiser registered as an individual entrepreneur, check their liability insurance policy. It must be issued for at least 300 thousand rubles. The policy guarantees payments in the event of damage to the appraisal customer as a result of violation of the rules and standards of appraisal activities.

See this same topic: What should you do next after paying off your mortgage in full?

Where can you order an assessment and the average cost of services in major cities?

Many banks provide their lists of trusted organizations that provide professional real estate appraisals. The borrower needs to make a choice, since if the report is submitted by another company, there is a risk of refusal to issue a mortgage. If the bank does not put forward certain requirements regarding the choice of a trusted organization, then it is necessary to select a trusted company by studying the following aspects:

• the company's authority in the relevant market;
• provision of a wide or narrowly focused range of services;
• license to carry out professional activities;
• availability of insurance in the company and the size of the policy;
• viewing online reviews about the relevant company;
• availability of a certificate of membership in SROs (self-regulatory organizations).

The cost of an expert assessment of real estate depends on the region of residence and the cost of living of citizens. Detailed pricing information is provided in the table below.

Where to contact?

If you need an assessment of any property - movable or immovable, damage after a flood or fire, damage after an accident and much more, you can safely contact us. Appraisal specialists have qualification certificates confirming the right to conduct appraisal activities.

Our assessment reports are prepared in accordance with legal requirements. Over the years, we have produced thousands of appraisal reports. We work with both legal entities and individuals. Our consultations are free. You can contact us directly from this site.