Estimation of an apartment for a mortgage: realities of modern crediting

For someone who has not experienced loans, the assessmentapartments for mortgage seems to be some completely irrelevant part of the contract. However, this is not the case. According to experts, real estate appraisal is one of the most important processes in mortgage processing, because the size of the loan and the maximum period for which it can be issued depends on them.

Apartment valuation for mortgage: importance

Valuation of the property fromprofessional is important because it is based on it, the banking organization decides on the size of the loan issued. In addition, if it is produced by a professional who is familiar with the requirements of a financial organization, then the probability of a favorable decision for the borrower increases several times.

Also assessment of the apartment for the mortgage determinesits most likely cost for sale in the secondary real estate market, as well as the size of the discount on the urgency of the sale. Such actions are allowed to avoid reducing the size of the loan, which is often used by banking organizations. That is why any borrower is required to take a responsible approach to the choice of a specialist appraiser. He must have the necessary knowledge and strive to protect the interests of his client as much as possible in relations with the bank.

Stages of the assessment work

A truly professional assessment of an apartment for a mortgage implies a rather extensive and complex set of actions that can be divided into several important stages:

1. First, the location of the object is estimated.The area where it is located, its distance from the center. Accessibility and availability of public transport, environmental conditions. The state of the territory in close proximity to real estate, the state of the infrastructure of the entire area.
2. Вторым этапом является оценка самой недвижимости.Here the following data is important: the type of building, the year of its construction, the material of the floors and walls, the height of the building and the state of its communications, the presence of an underground garage or parking for cars.
3. The third step is to evaluate the characteristicsapartments. At the same time, both its total area and the area of ​​a residential area are considered. Number of rooms, ceiling height, floor location, condition, the presence of a loggia or balcony.

Documentary base for real estate appraisal

Appraisal of an apartment for Sberbank mortgage alwaysshould contain information about the appraiser and the customer of the service. Description of the methods used for it, as well as a detailed description of the property with relevant photos. In addition, the document should include market research at the time of the procedure, the calculation of the cost and all the documents necessary for the conclusion of the contract. The cost of appraising an apartment for a mortgage is on average between three and five thousand rubles, but in some cases this amount may be higher due to difficulties in obtaining the necessary papers. A report on the conduct of this procedure is always executed in accordance with legal requirements, and all its pages are numbered and sewn. In addition, the document must be stamped by the appraisal company.