by Melih Alsaç
The real estate appraisal report is a critical document in mortgage loan applications. This report is prepared by appraisers and provides detailed information about the legal, official and physical condition of the real estate. In this article, we will focus on the importance and content of the real estate appraisal report.
General Content:
The valuation report includes details such as title deed and municipal records, technical specifications, location, interior and exterior features of the real estate. The report may also include visual data. Banks apply to valuation institutions to determine the value of the real estate and these institutions prepare a report by assigning expert valuation persons.
Bank Requests and Scope:
Banks usually request a valuation report for a specific independent section or real estate in loan applications. This report provides comprehensive information on the market value, technical specifications and general condition of the real estate in question. It plays an important role in the evaluation of the loan application and is an effective factor in determining loan eligibility.
A valuation report is considered an official document used in the process of determining the value of a real estate property. It allows banks to make a reliable assessment and contributes to the fair evaluation of individuals and companies applying for loans. Therefore, it is of great importance to create an accurate and reliable valuation report in real estate purchase and sale transactions and loan applications.
