Real estate appraisal is the process of estimating the material value of a property and determining the appropriate price for it, to reach a fair market value for the property. The process of real estate appraisal relies on specific principles and standards that contribute to setting the actual price of the property. Real estate appraisal includes all types of residential and commercial properties, whether it's an apartment, land, commercial complex, farm, and others.
A real estate appraiser can be a real estate company, real estate office, real estate agency, or any legally certified individual to perform this task. The role of a real estate appraiser involves analyzing the market value of the property by inventorying the information of the property to be appraised, such as its location, type, area, additions if any, along with preparing appraisal reports, all based on property appraisal strategies. Homes Jordan is the largest real estate agency for marketing properties in Jordan, and one of its tasks is property appraisal, as it possesses its own precise mechanism for property appraisal, contributing to making it the best property appraisal company in Jordan.
The relationship with the property includes buying, selling, renting, investing, or real estate development, taking into consideration the type of property. So why is real estate appraisal carried out despite property prices being largely known to many people based on multiple factors such as the economic situation, area, property type, and others?
Real Estate Sale and Purchase Transactions: No decision to sell, buy, or exchange property can be made without a real and actual appraisal of the property regardless of the property.
Mortgage: It is an agreement between two parties to mortgage the property against a financial loan for property-related purposes.
Legal Procedures: Such as advertising the property for sale in a public auction, or resolving legal disputes.
Budget Preparation and Financial Reports related to property asset valuation.
Obtaining insurance coverage for the property, to determine the value of the property insurance amount against damages and risks.
Inventory procedures for inheritance: All the deceased's real estate properties are inventoried and appraised for distribution or disposal among heirs.
Companies: Establishing, merging, or liquidating companies and distributing shares.
One of the important purposes of real estate appraisal is obtaining an investor card or applying for residency in Jordan through real estate investment for non-Jordanian foreigners, as it requires property appraisal to comply with the conditions for obtaining one.
Therefore, Homes Jordan is the best property appraisal company in Jordan, distinguished by its comprehensive services in the real estate field from providing real estate consultations to completing sales and purchase transactions.
Comparison: This is the direct strategy for real estate appraisal, applied when there are real information and data about the properties to be sold or purchased to find their actual value, relying on the principle of appraising the property based on similar properties in terms of location, area, and building condition.
Cost: This is the indirect strategy for real estate appraisal, applied when there is no real information and data about the properties for comparison and appraisal, relying on calculating the cost of properties based on the cost of land and building if any.
Income: This is a strategy used to appraise properties that generate continuous income or with knowledge of future income, and this strategy is related to calculating the property's annual income after deducting expenses and operating costs.
It's not easy to classify a real estate company as the best property appraisal company in Jordan as Homes Jordan has been classified, especially since Homes Jordan has managed to include in its real estate appraisal all the factors affecting real estate appraisal such as:
The location is a crucial factor in real estate appraisal, starting from the governorate in which it is located, the city, the region, and the neighborhood. The location of the property near border areas or tourist areas also affects real estate appraisal.
Is it a modern property designed with modern technological specifications, or is it an old property requiring renovation and maintenance?
Building Age, Property Area.
Residential areas in Amman are subject to regulatory provisions classified into categories A, B, C, special, and others, and the property appraisal varies from one area to another according to this category, with the price rising or falling.
Classifying the property into residential or commercial, determining its type, land, villa, detached house, commercial complex, etc.
Listing additional features in the property from facilities and services that enhance the property's value during the appraisal process, such as swimming pools, roof floors, warehouses, central heating and cooling, and others.
Such as water, sanitation, electricity, natural gas services, and others that play a major role in the real estate appraisal process.
It is one of the factors that play an additional role in the real estate appraisal process.
These factors are essential factors affecting property appraisal, but they are not separate from other factors that are taken into account, such as the country's economic situation in general, the global economic situation, in addition to general political conditions. These two factors play another role through which they affect property appraisal and determine its price, whether positively or negatively.
(Homes Jordan has a significant role in the property appraisal process as the best property appraisal company in Jordan, where Homes Jordan's role is manifested through providing clients with an accredited report based on their requirements, and this role appears as the final result of the property appraisal service through this link: https://www.homes-jordan.com/en/property-evaluation .
Homes Jordan did not suffice to be a real estate agency with the largest property list in Jordan, providing real estate and engineering consultations to its clients, but it sought to gain its clients' trust and meet their requirements wherever they are inside or outside Jordan and provide them with all real estate services that save them time and effort to complete.
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