Hire the best valuers in Gyeda
Peony Realty Ltd
Estate agents
Ihugba Emmanuel Chibueze
Estate agents
Oluwfemi Adebodun
Estate agents
Training and education to become a real estate expert
To become a real estate expert, it is recommended to pursue specialized training within the real estate sector, which can be provided by higher education establishments, professional training organizations or representative organizations of real estate professionals. Training can focus on areas such as asset management, rental management, the Carrez Law, real estate diagnostics, real estate law, appraisal expertise, judicial or amicable expertise, knowledge of the real estate market, etc. It is also possible to specialize in a specific area of real estate expertise, such as building expertise or certification. To practice as a real estate expert, it is often necessary to possess a professional card, issued by the Chamber of Commerce and Industry or another recognized professional organization. In addition, real estate experts must be recognized as such, with expertise and experience in the real estate sector. Independent real estate experts can also obtain official recognition by becoming certified experts. Finally, it is common for real estate experts to work in collaboration with other real estate professionals, such as real estate diagnosticians, in order to provide comprehensive and accurate expertise for their clients.
What is the role of a real estate expert?
The role of a real estate expert is to conduct a complete and accurate assessment of a property or real estate asset, using rigorous evaluation methods and taking into account various criteria such as the property's condition, Carrez law, technical diagnostics, rental value, recent real estate transactions in the area, the real estate market, types of properties, upcoming real estate projects, etc. The work of the real estate expert may include defining market value, determining market value, estimating the value of the property or real estate asset in question, as well as drafting a detailed assessment report. This report can be used for various purposes, such as selling the property, wealth management, succession, real estate transactions, mortgages, expropriation, etc. The real estate expert may also be called upon to work in specific areas of real estate, such as commercial real estate, business assets, commercial premises, professional real estate, land, etc. The role of the real estate expert is to ensure the impartiality of their assessment, being recognized, certified, and independent real estate professionals. They may be members of the Chamber of Real Estate Experts or the National Company of Experts and must respect an expertise charter to ensure the quality of their work. Real estate experts can work for individuals, companies, real estate agencies, insurance companies, tax authorities, or courts, and their mission is to provide an accurate and reliable estimate of the value of a property or real estate asset. They may also be called upon to act as expert evaluators in disputes or legal proceedings, conducting judicial or amicable assessments.
Why use a real estate expert?
Calling upon a real estate expert is important for several reasons. Firstly, a real estate appraisal carried out by experts is the best way to properly assess the value of a property. Real estate experts have the knowledge, skills, and tools necessary to accurately and reliably evaluate a property, using rigorous evaluation methods and taking into account all relevant criteria, such as the Carrez Law, technical diagnostics, rental value, recent real estate transactions in the area, the real estate market, types of properties, upcoming real estate projects, etc. Calling upon a real estate expert is also important to know the value of one's real estate assets or a real estate asset before putting it up for sale. Real estate experts can provide an accurate estimate of the value of real estate, which can help owners set a realistic asking price and sell their property more quickly. Expert appraisal reports carried out by real estate experts are also important for insurance companies, as they can serve as a basis for assessing risks and setting insurance premiums. Real estate experts must therefore have professional liability insurance to guarantee the quality of their work and cover the risks associated with their activity. Finally, calling upon a real estate expert is important because they are subject to strict ethics and professional confidentiality, which guarantees the confidentiality of information exchanged and the quality of their work. Real estate experts can also be members of the National Company of Real Estate Experts, which guarantees their professionalism and competence. Their knowledge of the real estate market is also an asset for evaluating the value of a property in a specific economic context.
How to find a real estate expert?
To find a real estate expert, here are some possible options: - Professional directories: it is possible to find real estate experts in professional directories such as those of Chambers of real estate experts, Expert companies or professional real estate associations, or even Starofservice. - Specialized websites: specialized websites such as real estate agencies or real estate appraisal firms can also offer real estate experts to carry out property appraisals or real estate appraisals. - Recommendations: Recommendations from trustworthy individuals who have already used a real estate expert can be very useful in finding a reliable and competent expert.
What is the cost of a real estate appraisal?
The cost of a real estate appraisal varies depending on different criteria such as the nature of the mission, the location of the property, the complexity of the appraisal, the experience and reputation of the real estate expert, as well as the duration of the mission. Generally, the cost of a real estate appraisal is calculated based on the time spent on the mission, the number of necessary trips, the complexity of the file, and ancillary expenses (travel expenses, technical expertise fees...). The fees of real estate experts are free and may vary depending on the professionals. On average, for a standard real estate appraisal, the cost can range from €500 to €2,000 excluding taxes. However, for more complex appraisals or high-value properties, the rates can be higher.
How to choose a good real estate expert?
The choice of a real estate expert is an important step in ensuring quality expertise. Here are some criteria to consider when choosing a real estate expert: • Education and experience: Check that the real estate expert has solid education and experience in the field of real estate expertise. Real estate experts must also undergo ongoing training to keep their skills up to date. • Specialization: It is important to choose a real estate expert specialized in the type of property or mission you want to appraise. For example, if you want to appraise a commercial property, it is best to choose an expert who specializes in this field. • Reputation: Inquire about the reputation and references of the real estate expert. You can read reviews from previous clients and verify if the real estate expert is a member of a professional organization. • Transparency: Ask for a detailed quote and a list of services included in the expertise. The real estate expert should also clearly explain their evaluation method and criteria used to determine the property value. • Availability: Check the availability of the real estate expert and their response time. • Professional liability insurance: Check that the real estate expert has professional liability insurance to cover any errors or negligence.
Questions to ask a real estate expert during the first contact.
- What is your education and experience as a real estate expert? - Are you specialized in a specific type of property or geographic region? - Can you provide me with references from satisfied clients that I can contact? - How do you carry out a real estate appraisal? - What is the average duration of an appraisal, and when can I expect to receive your report? - Can you explain the different valuation methods you use to determine the value of a property? - What is the cost of your appraisal, and how is it calculated? - Do you have professional liability insurance? - What is your commitment to confidentiality and respecting professional secrecy? - How can you assure me that your appraisal will be impartial and objective?