Appraisal and Property Valuation

Real estate appraisal and property valuation services in the Philippines involve the estimation of the market value of a property. These services can be provided by licensed appraisers or valuation firms, and are typically used for various purposes, such as sale or purchase transactions, mortgage lending, property taxation, and insurance purposes. Some of the common services offered by appraisers and valuation firms include:

1. Property valuation: This involves the estimation of a property's market value, based on various factors such as location, size, condition, and recent sales of comparable properties.

2. Appraisal for mortgage lending: Appraisers can provide appraisals for mortgage lending purposes, helping lenders determine the loan-to-value ratio and the amount of financing that can be extended to the borrower.

3. Appraisal for property taxation: Appraisers can provide appraisals for property taxation purposes, helping local governments determine the property tax base.

4. Appraisal for insurance purposes: Appraisers can provide appraisals for insurance purposes, helping insurance companies determine the value of the property for insurance coverage purposes.

5. Litigation support: Appraisers can provide expert testimony and support in legal disputes involving real estate valuation issues.