When you need a house valuation
- selling or buying
- a bank loan, when the house is collateral
- inheritance, probate and division of property
- court proceedings
- real estate transfer tax
What determines the value of a house
Location and sea view, distance from the shore and the road, plot size, floor area and layout, age, condition and build quality, parking and access. It also matters whether the house is registered in the cadastre and has permits, or has been legalised.
How the valuation works
- You send the basic details: type, size and location.
- The appraiser inspects the house on site and reviews the documents.
- After a detailed analysis of the market, of contracts for similar properties that have been sold and of listings, a conclusion is reached.
- You receive a written report with a reasoned value.
What to prepare
Title deed extract (list nepokretnosti), cadastral map copy, building or occupancy permit (or legalisation decision), and if you have them, the project or purchase contract.
FAQ
Is a valuation the same as the asking price in an ad?
No. An ad shows what the seller is asking; a valuation shows what the house is really worth, based on actual sales and the condition of the building.
Can a house without legalisation be valued?
Yes, but it affects the value, and often whether a bank accepts it as collateral. The report states this clearly.
Do I need a valuation if the sale contract states the price of the house and I want to pay transfer tax on that price?
Yes, because the agreed (and probably already paid) price of the house does not necessarily mean that it is the market value. Real estate transfer tax is paid on the market value of the property at the time the contract is concluded.