The validity period of such certificates varies. It all depends on the nature and purpose of the assessment. Usually the period is not less than 6 months, but in each specific case it can be more or less.

Market

Market value identify companies so that the owner can sell the property, pledge, lease or contribute to the authorized capital. To do this, you need to know the market value of housing. Usually it greatly exceeds the cadastral value.

Thanks to such information, the owner can adequately assess the cost of the apartment. Putting it up for sale, it's important to know the right price, otherwise the buyer will have to wait for years. Or, if you lower the price, you will lose part of the possible profit.

Market valuations are often carried out by private companies. The final figure is influenced by:

1. Layout.
2. Number of rooms.
3. Footage
4. Infrastructure.
5. Availability of communications.
6. State of repair.

Therefore, the final figure can be almost twice the cadastral value.

Attention! The certificate of market value is valid for six months. The fact is that the real estate market is changing very quickly. Therefore, it is impossible to predict an adequate cost for more than six months.

Housing prices are constantly changing. In an unstable economy, it is impossible to predict the cost for more than 6 months.

Inventory

This type of assessment is carried out by BTI employees. This price is much lower than the market price, because the analysis takes into account:

• Footage
• Availability of communications.
• Year the house was built.

Employees are not interested in either repairs or infrastructure. That is why the price is much lower.

An inventory or balance sheet valuation is carried out, most often, to determine the size of the inheritance. In some cases, it is needed for the alienation of property or for the tax inspectorate.

It is issued on a special form. The service is paid (about 600 rubles). If the BTI contains information about the valuation of real estate, then the period for issuing the certificate is up to 10 working days. If you need to visit the apartment and carry out the assessment procedure itself, the time period may be long. It all depends on the workload of specialists.

The validity period of the certificate itself is unlimited. The date of issue is important. That is, if a certificate is taken to establish the amount of inheritance, then the certificate must be issued immediately after the death of the owner. Then the data in it will be relevant.

If the certificate is needed for bank employees or for privatization, then it must be received in the current year.

It does not have a clear expiration date.

Cadastral

Important! A cadastral valuation is necessary to determine the rent for land and the redemption amount. Conducted by government agencies.

Before the introduction of the unified register of the Unified State Register of Real Estate, the amount of taxes for real estate was determined based on the balance sheet (inventory) value. For an apartment of 30 sq. m. citizens need to pay no more than 500 rubles.

With the introduction of the Unified State Register civil servants plan to introduce tax calculation based on cadastral value. It is higher than the balance sheet. Accordingly, the tax amount will increase. But there are also advantages. With the introduction of such a register, calculations will be made in the shortest possible time. And you can privatize or change the owner within 10 days.

Until such innovations come into force, the calculation is made at the book price. The cadastral valuation period may vary. But the law defines a maximum period of 5 years.

Validity period for assessing the market value of housing for a mortgage

When applying for a mortgage loan, you will have to provide the bank with a certificate of the market value of the apartment. It is necessary so that the bank can calculate the loan amount. And if the terms of the contract are not met, the apartment will be sold at auction, setting the price based on this amount.

The legislation establishes the general validity period of the certificate as 6 months. After this period, the price for the apartment is not recommended, so the bank most likely will not accept such a certificate.

Often the assessment is carried out immediately before the execution of the contract, so its duration is unimportant. The assessment is carried out by the borrower at his own expense. To ensure the security of the transaction and to ensure that the bank will accept the certificate, it is recommended to conduct an assessment in companies that cooperate with the bank.

How long does it take to analyze apartment prices?

Because the procedure for determining the market price is carried out by private companies, it is difficult to name a specific period of time. A specialist needs to study the situation on the real estate market, the infrastructure, the condition of the house and the apartment itself.

All this determines how long the procedure will take. Usually the process does not take more than two days. But in different cases the time may be increased. To know exactly the time frame, you need to contact the selected company.

Reference! The assessment period depends on the type of procedure, complexity, the company that will perform the work and the specialist himself.

The market price certificate becomes invalid after 6 months, the inventory certificate has no specific validity period, and the cadastral certificate becomes invalid after 5 years. For a mortgage, as well as for other purposes, the certificate will be valid for six months.

– this is a set of actions aimed at determining the real (market) value of an object.

Carrying out the procedure is a prerequisite when applying for a mortgage.

Legal requirements

Valuation activities in Russia are regulated (the latest changes were made in 2019).

The main requirements of the law are the need to conduct an objective assessment of the value of real estate.

Before starting work, a specialist must research the real estate market and its segments that influence pricing.

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Video: apartment assessment

Mortgage assessment

Real estate

The following factors are taken into account:

The listed evaluation criteria apply to primary and secondary market apartments.

If the housing is new, the house has just been rented out, there is only a rough renovation, then specialists additionally study the sound insulation, the quality of the wiring, the presence of a metal door, and the condition of the entrance.

Other factors also influence the cost of an apartment:

The appraiser carefully examines the condition of the house and apartment, making not only an objective, but also a subjective assessment of the property being sold.

All received data is entered into a document for the most accurate analysis.

Secondary housing

If the housing was already owned, then the following are additionally taken into account:

Evaluating secondary housing is much more difficult and takes longer, since it can be difficult to determine the condition of the walls and floors behind the finishing, and repairs can hide traces of water leaks and accidents.

The presence of illegal redevelopment must be taken into account. If an unauthorized reconfiguration of the housing configuration was carried out in the premises, the transaction will be impossible.

Procedure

To conduct a real estate assessment, you must contact a specialized organization and leave an application.

Before providing a service, an agreement is concluded with the customer, which specifies the purpose, task and type of assessment.

The appraiser will need to provide:

• cadastral passport for housing (issued at the BTI);
• apartment plan and;
• customer's passport.

Choosing an organization

There are two ways to find a company or specialist to evaluate real estate when applying for a mortgage:

1. On one's own.
2. Based on the bank's recommendation.

The second option is more profitable and reliable (it is impossible to fall for scammers).

How it happens

Valuation of residential real estate includes three main methods:

The appraiser can use other methods in his work if necessary.

The housing assessment procedure is carried out as follows:

Who pays

On average, you will have to pay 10 thousand rubles for an apartment appraisal. If the housing is classified as luxury real estate, then the cost rises to 30 thousand rubles and higher.

People who decide to purchase a home through a loan ask themselves the following questions: is an apartment appraisal necessary for a mortgage in a new building? Why is this procedure necessary? Who should determine the price of housing and at whose expense is this done? How to order an appraisal service and what should you pay attention to when choosing an appraiser? How to avoid running into pitfalls and losing or overpaying money? Let's try to answer all these questions.

Why evaluate an apartment in a new building with a mortgage?

Valuation means determining the value of housing on the market, which is carried out by a person who has a license for this activity. An appraisal will be required if you intend to apply for a mortgage loan to purchase square meters in a new home. Federal Law dated July 16, 1998 N 102-FZ (as amended on December 31, 2017) “On mortgage (real estate pledge)” obliges the determination of the value of the object when registering a mortgage in connection with the mortgage.

Why evaluate an object? Before issuing money, the financial institution must be sure that in a situation where the borrower is unable to fulfill his debt obligations, the property can be sold and thus return the bank funds. A complete list of everything you need to buy an apartment in a new building.

The appraiser's opinion is also used in the following circumstances:

1. To determine the amount of compensation payments if there is a division of property.
2. If disputes arise with the Federal Tax Service regarding the size of the tax base.

Who carries out the assessment?

So, ? The price can be determined either by independent appraisers with the appropriate license or by a specialist from a credit institution.

The following requirements apply to the expert::

1. Must insure the activity for at least 12 months.
2. Must be a member of an SRO (self-regulatory organization) and pay contributions on a regular basis.
3. Have a civil insurance policy with an insurance amount of 300,000 rubles.
4. Not be a relative of the person who intends to sign the mortgage obligations.

What should you pay special attention to when choosing an expert organization?

Attention should be paid to such points as:

• Reputation.
• How long has the company been on the market?
• The presence of positive or negative reviews.

It makes sense to request contract forms and reports to check whether they comply with the requirements of Art. Art. 10, 11 of the Federal Law “On Valuation Activities”.

It is important to know that the borrower has the right to seek services from companies that do not have bank accreditation. In circumstances where a financial institution issues a denial, the denial should be requested in writing, which includes an explanation. If the refusal is justified, you need to ask the appraisers to eliminate the shortcomings. If there is a refusal to correct the deficiencies, you should contact an expert who is a member of the SRO.

In a situation where a banking organization gives an unreasonable refusal, the borrower has the right to file a statement of claim with the judicial authorities. The claim must contain a demand to accept the conclusion and issue the necessary amount of money.

Which party is responsible for paying for the service?

The borrower is required to pay for the expert's services. The cost of the procedure for assessing a property in a new building, if there is a mortgage loan, starts from 2,500 rubles. The amount may vary depending on the region. For example, in Moscow and Moscow Region you will have to pay 3,500-4,000 rubles, while in St. Petersburg - 3,000-3,500.

How to order an assessment?

First of all, you need to choose an expert. To speed up the process of obtaining mortgage funds and to be sure of the correctness of the assessment, it is preferable to choose a specialist who is on the register of a financial institution. The speed is explained by the fact that the security service does not have to waste time checking the expert’s credentials.

At the same time, we must not forget that the bank does not have the right to force the client to work with a certain appraiser. The choice of a professional is the borrower’s right.

After the choice in favor of one or another expert is made, you must provide the following documents:

• Passport of the person acting as the borrower.
• New building plans and premises.
• Cadastral passport, which is issued by the BTI.
• Contract on shared participation (if drawn up in an unfinished building).

The borrower has the right to contact appraisers who are not accredited by the bank.

The assessment process works as follows:

1. Conclusion of an agreement with an expert organization. The contract must specify the terms and purposes of the provision of services.
2. Schedule a day to inspect the premises. It should be taken into account that the appraiser arrives only during daylight hours.
3. A conclusion is issued within 3 days from the date of inspection.

How is the premises inspected?

The inspection consists of several steps:

1. Actually inspection of the apartment. The average inspection time is 15 minutes.
2. Photographing the home and the building in which it is located. The purpose of photography is to identify defects or record their absence.
3. Calculation of the cost of the object.
4. Drawing up a conclusion based on the data received and analysis of similar properties. The conclusion is valid for six months. The report must include copies of housing documentation and photographs. The average length of a report is 28-31 pages.

When determining the price, not only the constant characteristics of the apartment are taken into account, but also the living conditions in the area. Developed infrastructure will increase the estimated value.

What options for assessing objects exist?

The following options are available for determining the value of real estate::

• Market: analysis of transactions on the market similar to the one you plan to make.
• Expensive: the costs that would arise if a similar facility were built are calculated.
• Profitable: The prospects for an increase in market value are taken into account.

To obtain a mortgage loan, it is necessary to conduct a market valuation of the property. What documents will be needed to evaluate an apartment for a mortgage? The bank must know information about the market value of the collateral that is transferred to them when applying for a loan.

To do this, you need to contact an appraiser who works in an organization officially engaged in this activity. Without such an assessment, the bank will not approve a mortgage loan, since the provision of papers indicating the market value is a prerequisite for obtaining a loan.

An independent assessment of real estate when applying for a mortgage is necessary so that the organization issuing the loan is confident that the cost of the loan issued is equal to the price of the collateral.

To conduct an assessment, you must contact an independent expert. A written agreement on the provision of services must be concluded with him. This is necessary so that in the event of a refusal to issue a loan due to poor work, the appraiser will bear certain obligations.

F Z N 135 “On valuation activities in the Russian Federation” dated July 29, 1998 contains a provision on the obligation to conclude an agreement between the parties. The organization providing an employee to assess a residential property must have accreditation, which is confirmed by documents.

If desired, the person applying for a mortgage loan can contact a private specialist who must be licensed to conduct a real estate appraisal. But bank employees give more preference to appraisers from organizations, so if they don’t like the work done, they will have to appraise the premises and pay for this service again.

A banking institution can recommend several organizations to choose from from which you can order this procedure. But it is not necessary to choose only from the options presented - it is permissible to look for another institution.

Papers required for an individual

When contacting an appraiser, an individual who is the owner of the premises is required to provide documentation. What documents are needed:

• paper on the right of ownership of the property purchased with a mortgage;
• a certificate containing information about persons registered in the residential area;
• technical passport (if planning has been carried out, then permission from the authorities);
• paper, which is proof that the property has no encumbrances.

If you are evaluating a residential property that currently does not have an owner, you must provide:

• contract of sale;
• passport of the applying citizen;
• papers from BTI and technical passport.

You also need to make photocopies of these papers, as they will be attached to the report issued by the appraiser. To be approved for a mortgage, photographs must be included with the report, which will be taken by the appraiser. The owner of the premises only needs to take care of the cleanliness of the apartment. Good photographs are needed so that the bank can see the collateral.

Important! The report will contain not only photos of the apartment, but also photographs taken at the entrance and near the house. The inspection should be carried out during daylight hours. Without photographs, the bank may refuse to approve a loan application, so the applicant must ensure that they are taken.

Documents required from legal entities

When housing is purchased in an unfinished house, the developer will be considered the owner of the premises. In this case, the necessary documents for concluding a service agreement with the appraiser are slightly different:

• permission to carry out construction work, which is issued in relation to the developer;
• Developer's TIN and checkpoint;
• paper that confirms the right to use or own the plot of land on which a residential property is being built;
• house design plan;
• concluded agreement for shared participation in construction;
• paper indicating the date when the facility is planned to be put into operation;
• a document containing information that the apartment is not encumbered with anything;
• certificate of book value (in some cases, if the developer is the owner of the property).

The developer pays for the appraisal activities. If the bank refuses to approve the loan, it has the right, under the concluded agreement, to demand the return of funds from the company that carried out the assessment.

When choosing organizations conducting assessment activities, it is necessary to rely on the experience of employees and customer reviews. The presence of predominantly positive reviews indicates the high quality of services.

Assessment paper

After the assessment procedure, the customer will be issued a report containing:

• all information about the apartment;
• information about location, yard, etc.;
• information about the location of the metro building;
• availability of parking spaces near the residential building;
• the material from which the house is built;
• the appraiser’s opinion on the feasibility of repairs in the apartment;
• cost per sq. m. in the apartment;
• other information.

The report contains detailed information about the movable property pledged when applying for a mortgage. It should also contain good quality color photographs of the apartment, house and surrounding area.

The borrower can order additional documents from a specialist - for example, a certificate of no encumbrances on the apartment. It is registered in Rosreestr, which is located at the location of the property.

Collecting documents to evaluate an apartment for obtaining a mortgage is an important step when taking out a loan. Poor quality of this service may result in refusal to repay the mortgage loan. The choice of an organization providing such services must be approached carefully.

Attention! Due to recent changes in legislation, the legal information in this article may be out of date!

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An independent assessment of the value of the property will be carried out before the loan is issued to the borrower. This is necessary so that the bank is confident that it will return the initial amount back if the borrower is unable to pay the loan. If a difficult situation arises, the financial institution sells the property, thereby covering its expenses.

It should be noted that banks, as a rule, undervalue the property and reduce the cost of real estate, guided by considerations of their own benefit. Borrowers tend to increase the price in order to get the highest possible loan.

That is why an independent assessment of the collateral for an apartment is important for both parties. The status of the process for determining the price of an object is official, so it provides a number of opportunities for the client. This is how you can understand why an apartment appraisal is needed for a mortgage in a new building.

The assessment report is used in court if the following situations arise:

1. when determining compensation during division of property.
2. In disputes with tax authorities about the size of the tax base. It is on this basis that property tax will be calculated, and personal income tax will also be calculated on it.

Who conducts it?

An assessment of a new building with a mortgage before receiving a loan can be done by specialists from a financial institution that have received a license, as well as by independent appraisers.

The appraiser's activities must be insured, the amount of liability insurance must be at least 300 thousand rubles. In addition, the expert must be registered in the SRO.

Where and who orders?

Payment for the expert's work falls on the borrower's shoulders. He can contact any specialist who meets accepted standards.

But you need to understand that the decision to entrust an assessment to a specific expert is best agreed upon with the bank to which the borrower submitted documents to apply for a mortgage loan.

The easiest way is to choose the appraiser who is in the register of trusted partners of the organization. By contacting the bank, the borrower can get acquainted with the list of specialists and then contact any of them. In this case, the company’s security service will not have to check the activities of the expert, and the borrower will receive a loan faster.

Of course, a bank client has the right to obtain information about the cost of housing from any other specialist, but in this case, the process of obtaining a loan may be delayed due to verification.

It is necessary to understand that the bank can only give recommendations. A financial institution has no right to force a client to use the services of a specific specialist.

Independent experts are members of the SRO. You can find their contact information on websites and message boards.

How to order?

After you have chosen an expert, you should pay him a visit. You must bring the following documents to the appraisal company:

• housing plan. Floor plan of the house;
• cadastral passport, it can be obtained from the BTI;
• If you plan to purchase an apartment in a building under construction, then you need a share participation agreement.

The procedure for contacting an appraisal company is as follows:

1. First you need to conclude a contract for the provision of services. It is worth paying attention to the fact that the document must clearly indicate the timing of the assessment, and the goals of the procedure must be stated.
2. Assessments are carried out only during daylight hours. It is worth scheduling an inspection taking this point into account.
3. The date is determined. The expert’s services are paid for, the amount can be paid in cash or by bank transfer.

The appraiser carefully checks the documents and analyzes the situation. Only after this does he go to the site.

What is the price?

The average cost of evaluating an apartment in a new building for a mortgage is from 2,500 rubles.

How is it carried out?

The procedure for assessing a mortgage in a new building consists of several steps.

1. First, the expert examines the object. Usually this takes no more than a quarter of an hour, but it all depends on the professionalism of the appraiser.
2. Then he photographs all the rooms of the apartment and takes photographs of the area around the house. During the inspection, he identifies defects in the building or records their absence.
3. After the procedure is completed, the specialist prepares calculations to determine the cost of housing.

   To do this, he uses different methods. In the process, positive factors must be taken into account, as well as negative aspects that in the future may lead to a decrease in the cost of housing.

   Attention! The price of an apartment is increased by developed infrastructure, the presence of roads and access roads, the presence of public transport near the house, and the location of the residential complex relative to the city center.

The height of the ceilings in the apartment, the size of the rooms and total area, the number of bathrooms and the size of the balcony will also be taken into account.

What are the results of the assessment?

After inspecting the property, the expert examines the database of real estate properties for sale and examines the availability of similar properties on the market. Based on the results of the work, he prepares a report. Typically the assessment process takes no more than 5 days. The report is valid for 6 months.

An appraisal is required when taking out a mortgage loan. If you need a mortgage urgently, the easiest way is to contact an expert recommended by the bank. In this case, you will not have to wait for the organization’s security service to check the specialist’s activities.