The Valuation Process Explained
Are you curious about exactly how the appraisal process works? On this page you can read step by step what is needed to arrive at a careful and substantiated valuation report. Would you like to request a valuation report directly? Then click here!
1. Initial phone consultation
We start with a telephone introductory meeting in which we discuss your wishes and the purpose of the valuation. We also explain the working method and any particularities.
2. Documentation
We need your help to collect all the necessary documents and data, such as questionnaires, association documentation and the energy label. Have you purchased a property? In most cases, all the documents are already present and we request them from the real estate agent involved.
We request all other information such as cadastral information, title deeds and relevant (market) data ourselves from the relevant authority.
3. Inspection
During the inspection, we carefully assess the property and take precise measurements to determine the square footage. We evaluate the condition of the property, the layout, the level of finishing, and any special features such as structural defects or recent renovations. We also consider the type of property, its location, the surrounding area, and the available amenities. All of this is essential for an accurate property valuation.
4. Research and valuation
In this phase, we combine the inspection data with market analysis and other relevant information. We compare your home with similar properties in the area that have recently been sold and take into account latest market developments. Legal or economic aspects, such as ground lease, special clauses and rights and obligations are also included in the final value assessment.
5. The appraisal report
We incorporate all the information collected into a detailed report that meets the applicable guidelines of relevant laws and regulations.
6. Verification and validation
The report is checked and validated by the NWWI so that it meets the requirements of banks and other institutions. The NWWI validates valuation reports of affiliated appraisers and ensures that each valuation is drawn up uniformly and according to clear guidelines. This ensures a clear, objective and reliable valuation.
7. And done!
Once the appraisal report is ready, the validated appraisal report including all associated documentation is delivered to you digitally. Payment is made via a payment link or invoice. After payment, the valuation report is released. In many cases you can deduct the cost of the valuation report from your income tax. The appraisal report is directly usable for mortgage applications, for example.
Can we help you further?
Feel free to get in touch with us!