Valuation methods for a certified real estate valuer

Valuation methods for a certified real estate valuer. Each certified real estate valuer takes multiple methods, which are all interconnected methods and working mechanisms, to produce an estimate realistic and convincing market value of the property.

These methods can be divided into two parts according to the scientific and mathematical level they are based on:

First method:

It is the traditional method that does not rely on scientific or mathematical foundations but rather is based on the extent of the valuer’s experience and practice, and his knowledge of the prevailing real estate prices.

The valuer is usually one of the real estate dealers, and although this method is the quickest and easiest method of valuer, it is the lowest quality method and the most prone to error. But due to the ease we mentioned above, and because the error in estimating the value of the property in it is not large. It is the most widely used method in the Kingdom’s courts and among ordinary people in their general affairs. However, financial companies and banks do not adopt this method in transactions that requires a property valuation. Rather, it resorts to scientific methods that will be presented in the second method.

Second method:

It is a method that relies on practicing experts, either personally or through real estate valuation companies. Those who carry out the valuation process on scientific grounds and a prescribed accounting for real estate valuation.

Assets Experts Company is a certified real estate appraiser for professional consulting, real estate valuation services, and machinery and equipment appraisal. We will provide you with an approved valuation report. For more details about the valuation, we are happy to contact you on the number: 0555550431.