{"id":45740,"date":"2021-05-18T10:00:43","date_gmt":"2021-05-18T08:00:43","guid":{"rendered":"https:\/\/ahre.be\/real-estate-understanding-market-value-appraisals\/"},"modified":"2025-11-04T12:58:59","modified_gmt":"2025-11-04T11:58:59","slug":"real-estate-understanding-market-value-appraisals","status":"publish","type":"post","link":"https:\/\/ahre.be\/en\/real-estate-understanding-market-value-appraisals\/","title":{"rendered":"Real Estate: Understanding Market Value Appraisals"},"content":{"rendered":"\n

In the context of an inheritance<\/strong>, in case of divorce<\/strong>,\nfor the re-evaluation of a bank loan<\/strong>, or if you wish to obtain a\nmortgage loan<\/strong> to purchase the property of your dreams, you\nmay need to obtain a market value appraisal<\/strong> of the property\nconcerned.<\/p>\n\n

Often confused with property valuation<\/strong>, a market value appraisal is actually quite different. What does it involve? When should you resort to it? Who should you contact to perform it? We explain everything in this new article! <\/p>\n\n

Property Valuation<\/h2>\n\n

Before listing an apartment, a house, or\nany other type of property for sale, the seller will need to determine a fair and\nappropriate selling price<\/strong>. If the determined price is too high, the property will be<\/x>less attractive to potential buyers, and the sales period risks<\/x>being prolonged. This situation is often caused by a lack of objectivity on\nthe part of the seller, who will generally be influenced by a strong emotional bond\nto their own property. Conversely, if the property is\nundervalued, often due to a lack of market knowledge, the risk of\nlosing money is very real. <\/p>\n\n

Fortunately, many real estate agencies<\/strong>\noffer to provide a free valuation of your property.<\/strong> <\/em>The real estate\nagent <\/strong>responsible for the task analyzes your property, its composition, its\ncondition, and its location. Often, they do not provide you with a precise price or\na written report, but rather a price range that will allow you to list\nyour property for sale. <\/p>\n\n

Please note that although performed by professionals, it is not uncommon for two price valuations to be very different. To avoid this inconvenience, we advise you to entrust the valuation of your property <\/strong>to a real estate agency located in your neighborhood, which therefore benefits from a perfect knowledge of the local market<\/strong>. <\/p>\n\n

Real Estate Market Value Appraisal<\/h2>\n\n

Unlike a property valuation, which is a\ncommercial assessment of your property, a market value appraisal<\/strong> involves a\nmuch more detailed and in-depth analysis of the property to obtain a precise\nselling price. Indeed, the expert’s report precisely describes the\nproperty and its configuration, and also includes notes on the\nbuilding’s structure and condition. <\/p>\n\n

In reality, in the context of a standard valuation, the real estate agent’s objective is to secure the sales mandate for your property in order to sell it at the best price. For a market value appraisal<\/strong>, the real estate expert performing the appraisal is completely independent<\/strong> and does not act on behalf of a real estate agency. Furthermore, they are remunerated per assignment, and their fee can only increase or decrease based on the size of the property to be appraised. <\/p>\n\n

Accredited Market Value Appraisal<\/h3>\n\n

In comparison to a simple market value appraisal, an \naccredited appraisal, on the other hand, can only be performed by an expert accredited <\/strong>by\nthe mandating institution. These experts are generally real estate agents,\nsurveyors, or architects, and have supplemented their professional knowledge\nwith a specific university course to obtain their accreditation. <\/p>\n\n

Mandated by the court, a judge, a notary, or a\nbank, the expert’s mission is therefore to assess the \nas preciselyvalue of a property<\/strong> as possible. Unlike a classic market\nvalue appraisal, which informs owners of property prices, an\naccredited market value appraisal binds the stakeholders, who must\nadhere to the estimated selling price. <\/p>\n\n

Please note, however, that the profession of real estate expert is not strictly regulated<\/strong>. If you find yourself in a situation requiring an accredited market value appraisal, the mandating organization will engage an expert from its own list. The individual therefore has no say in the choice of expert. <\/p>\n\n

When to Request a Market Value Appraisal?<\/h2>\n\n

Here is a non-exhaustive list of cases in which a\nmarket value appraisal is often necessary:<\/p>\n\n