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A field
work
Property Appraisal
OUR TRAINING
Our valuers in property appraisal have been trained at the Institut de l’Expertise, the ESSEC Business School of Paris and the ESI (Ecole Supérieure de l’Immobilier of the FNAIM) in Paris la Défense.
All our valuers comply in their property appraisal missions with the Property Valuation Appraisal Charter (5th edition – October 2017) and with the 2020 European Valuation Standards published by TEGoVA (the Blue Book, 9th edition).
Each valuation report is signed by our valuer in charge of the mission, subject to the approval of the Professional Third-Party Liability of COFARIS EVALUTATION.
Our mission in propery appraisal
Our property valuations are the result of field work and allow you to assess a complete report:
- Study of the physical and technical factors
- Study of the legal and tax factors
- Study of the socio-economic factors
- Valuation methods depending on the mission (direct comparison, capitalisation, DCF,…)
- Analysis of the situation and property market
- Analysis of the elements of added value and depreciated value
- Analysis of the market references
- Viewing of the property with photographs
- Determination of the market or rental value of the property
- Determination of the forced sale value (in case of auction sale)
- Determination of the mortgage value (risk optimisation in the granting stage)
- Determination of the LTV ratio (Loan To Value: essential ratio between the market value and the mortgage value)
Property appraisal always intervenes
for the sake of objectivity!
Property appraisal is made under different circumstances: granting of loans, financing, amicably, disputed… always done objectively !
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Property appraisal :
Business property
Here it is a question of studying the different assets related to the company:
• Office property,
• The business premises and industrial premises,
• Property specific to a specific economic activity (hotels, cinemas, clinics, logistics, old peoples’ homes or dependent housing,…).
Unlike residential housing, the occupant is very often the tenant. Therefore, there are two property markets: that of the tenant and that of the owner. They may have convergent but also divergent objectives.
In fact, French legislation on commercial leases provides relative flexibility to the sitting tenant and constitutes a permanent vacancy risk for the owner.
Knowing the actual rental value of a property, allowing for rent negotiation, knowing the market value of its assets, for drawing up an appraisal on the one hand, borrowing, transferring, arbitrating, increasing its value on the other hand, are elements which require regular appraisal in property value.
