Real estate appraisal: how is it carried out and why is it important?

 Real estate appraisal is essential when negotiating a property. This process defines what the real price of a property is, relying on several factors, both internal and external.

 Therefore, it is already easy to notice that the evaluation must be carried out with high precision. Therefore, it is necessary to have professionals qualified in the Roatan Real Estate sector. Now, understand more about this feature for your property sale and other procedures.

What is a real estate appraisal?

 The property appraisal service is useful in determining the market value of a property. That is, you can know how much a land, house or apartment is really worth, as well as commercial, rural, industrial and other places .

 Real estate appraisal requires great seriousness and skill to define the correct value of the property. Therefore, it is essential to have a trained professional who understands the entire procedure to offer a correct analysis.

 At this point, choose a good real estate appraiser, with technical knowledge and specific skills to price your property. This is the only way to guarantee an assertive and reliable assessment. 

 The process brings a documentary, historical and surrounding survey to see how much the property has appreciated over time. That way, when your property goes up for sale, there's no risk of charging less than it's currently worth.

 Property report

 The property appraisal report is issued by professionals with higher education. For this, the specialist must be trained in the areas of architecture, engineering and agronomy.

 However, the realtor, with the specialist certification, can also do a verbal real estate appraisal.

 Although architects, engineers or agronomists can carry out the assessment, it is essential that the broker is also part of the process . After all, he is in constant contact with the real estate market and can offer a broader view.

 In this, just making a price comparison is not enough to evaluate a property. It is essential to calculate the value of the entire structure, hydraulics, wiring, surroundings and other elements that add value to the property.

 Why evaluate your property with a professional?

 As you can see, giving a final price for your property involves several factors. The real estate appraisal brings a technical determination of how much the property is worth . Thus, it can be used for various purposes, whether for the judicial scope or not.

 Among the most common situations are:

 ·         rent;

·         buy and sell;

·         collection of taxes;

·         inventories;

·         real estate dynamics studies;

·         dissolution of society;

·         insurance;

·         mortgages;

·         Among others.

 So, with these reasons to do the property valuation, you can avoid future disagreements . In general, this procedure brings many benefits when buying a property , selling or renting. Look!

 Prevents you from having to go to court

 It's always more affordable to make a deal that doesn't have to go to court. Therefore, the market evaluation that is performed by a company without direct involvement in the negotiation is an instrument to resolve conflicts outside the judicial sphere.

 Reconcile price in party disputes

 Settlement in business operations or family disputes may come to an end, with the value determined by an expert.

 That way, no one thinks they are being harmed by personal interests, as the broker will be impartial.

 Brings the technical opinion on the value in the real estate appraisal

 It is also a sure way to know the right value of the property when you are going to rent or sell the property.

 With real estate appraisal, there is no need to debate whether the price is out of expectation, as the specialist has pointed out the correct numbers.

 Thinking about these advantages, it is already possible to see why doing property valuation is so important. Now, understand what the professional evaluates in your property when hitting the hammer on how much it is worth.

 Main criteria for real estate appraisal

 Evaluating a property requires a good methodology and objectivity, so that personal aspects do not interfere with the consideration. There are several methods, but there are certain criteria that are always evaluated.

 Soon, the realtor begins the analysis by understanding: the footage, the painting and the hydraulic and electrical installations of the house, apartment or business location . Another factor for the appreciation is if there is the presence of technologies of sustainable architecture , such as solar panels for energy.

 Thus, the infrastructure encompasses both the physical part of the property and the paving of the site. It also involves the presence of leisure and entertainment spaces for residents, such as: 

 ·         Grill;

·         pool;

·         blocks;

·         Academy;

·         space for children;

·         Party room etc.

 Still in this sense, it also comes into the assessment if the property is close to squares and parks , or clubs . Among the factors analyzed is whether the neighborhood is suitable for physical activities such as running and cycling.

 Safety itself is of utmost importance, bringing more market value to the property. So, having a concierge, security system and cameras are positive points.

 Other than that, being close to shops, malls, schools, bus stops and having easy transportation also counts in pricing.

 How much does it cost and who can do a real estate appraisal of a property?

 The question about how much a property costs is very common, but it is also easy to solve. The pricing of the property can be consulted in the table of each Regional Council of Realtors. 

 There is a variation in each state, but it is common for it to be around 1% of the property value. This goes for the written assessment.

 When it comes to a verbal opinion, the price is close to an annuity of the Regional Council of Realtors. The property can be evaluated by the broker or by specialists in architecture, engineering and agronomy.

 This document brings information and data that explain the determination of the value given by the professional.

 How is the process of selling a property with Bridge?

 When making your property evaluation, you can count on Bridge . Having an experienced and specialized company in the city of your property avoids wasting time with unnecessary expenses and orders.

 The entire process is clear, simple and practical to help you sell a property, or for any other reason that you need to have the property evaluated.

 Therefore, having the support of professionals who understand the field is a great way to speed up your negotiation.

 Bridge's differentials in the sale of real estate in Honduras

 Bridge helps you increase the chances of selling your property, bringing the best experts in the market. Your client can do the entire process without bureaucracy and 100% online. With a busy day to day, this is a great differentiator for your sale.

 The work is done with the main developers and builders, bringing the high standard as a business brand. So, don't waste time and count on those who understand about buying and houses for sale in Roatan Honduras.

 Now that you know what real estate appraisal is, you won't be surprised if you need this document. Therefore, if you notice that you need a correct analysis of the value of your property, request this service as soon as possible.

Sell a Property Fast: Check Out 6 Tips to Close A Deal

Selling an apartment quickly is a task that really requires a certain dedication from the owner.

With the current scenario of the pandemic and the economic crisis, many properties became available on the market, causing owners to need to sell properties with some speed.

Even with the current difficulties, using the right strategies it is possible to sell the property quickly and without losing money.

In this article we have prepared 6 great tips to close the deal and sell the property as quickly as possible.

6 Tips for selling a property fast

Making a sale involves several steps, to sell a property you need to be prepared from the visit to the apartment to the trip and transfer to the registry office.

Factors such as the appearance of the place, repairs, location and footage of the property influence making a sale, as well as the transparency of the owner, which will define whether confidence in the buyer will be transmitted or not.

With the following tips, everything can be improved in order to sell an apartment quickly and with quality, let's see:

1. Make all necessary repairs

Repairs are one of the first steps to be carefully considered, extremely necessary if you want to sell the property on your own.

In a scenario where a potential buyer visits your property and notices that there are things to repair, this can make him give up on the purchase, as it can mean that he will have large repair expenses after the purchase.

Above all, pay attention to the smallest details that need to be repaired, fix the wiring, paint, defects and problems that may have in any area of ​​the apartment and make sure that everything is in order, thus valuing the property much more.

2. Align with market values

Some property owners, due to the extreme need to sell, lack of knowledge of the market and even attachment, end up incorrectly pricing the value of their properties, making them not even interested to make the purchase.

Before listing your apartment, check and study the values ​​of real estate in the region, especially those that have characteristics in common to better assist in the correct pricing, also calculating the value of the square meter.

Even though it is a difficult task, especially for those who want to sell property on their own, pricing the property correctly is a necessary task for those who want to sell an apartment quickly.

3. Have the property documents up to date

When negotiating the apartment, the documents to sell the property must be up to date so that the transfer to the new owner can be made, thus attesting to the purchase.

For you who want to sell the property quickly, solving all pending issues even before disclosing the apartment is important for this to happen.

Make sure it doesn't have overdue bills and other pending items that could hinder a sale.

To facilitate the sale, also separate documents such as the property registration, proof of IPTU discharge and other documents that make the process less bureaucratic.

4. Have good photos of the property

Take good photos of the property

When making the sale announcement, it becomes very important to make the announcement well done. In the description, detail all the characteristics of the property, number of rooms and also mention if the property will be furnished or not.

Also extol qualities such as neighborhood, security and other characteristics. However, the most important point is in the photos of the property, which must be detailed of all rooms and external and internal places.

Take photos that favor each room, without taking meaningless photos and preferably taking them all horizontally, which is much more pleasant and spacious for those who will be seeing the ad.

Well-made photos are an invitation for those who want to visit and purchase the property, and should be taken from the organized and clean environment.

5. Keep an eye out for other offers

Even if you want to sell your property quickly, other owners do too, generating competition among property sellers.

So always keep an eye on the other offers as some owners may make frequent adjustments to the value to attract more customers or even boost the ad to generate more visibility.

Always observe the offers in the region and, when necessary, make adjustments or remain open to negotiations in the purchase price of your property.

6. Use a real estate consulting platform

For you who want to sell an apartment fast and are still desperate thinking “I want to sell my property urgently!” Don't worry, having a good real estate consulting platform can be the best solution.

With a service of this category, it becomes much easier, faster and more practical to prepare each stage of the sale and talk to specialists who can help with the best strategies to sell the property quickly.

When listing your property on Bridge IMovie’s, the steps are very simple! You will fill in a form with basic information about your property and after that an expert broker will contact you to schedule a visit.

After that, a realtor and a professional photographer will come to your property to formally introduce Bridge, evaluate and photograph the property to later define the pricing and publicize it on the main portals.

Conclusion

By following the tips that we mentioned in this article, selling an apartment quickly becomes much easier and guaranteed.

Invest time to solve all problems and pending issues that may exist in the property and make everything in it perfect, consequently attracting more interested buyers and avoiding dropouts.

With a property in perfect condition, even negotiations to lower the value may not exist, making buyers excited to acquire the property and speed up the entire purchase process.

So make small renovations, organize the rooms, guarantee well-taken and high quality photos, and describe the property in all the details, guarantee all the documentation and count on a consultancy if you think it's necessary.

That way, you will undoubtedly sell your property quickly without defects and with everything up to date to make the transfer process even easier.

Count on the help of Bridge Movies to sell your apartment, contact us and let's make a quality sale together!

Read Also: Vacation Rentals at the Luxury Market

Why Buy A Beach House? Check Out 5 Advantages!

 Those who live in large urban centers know how important a quiet place is, away from chaotic traffic and pollution, for strategic escapes — whether on vacation, holidays or weekends. It's no wonder that it's the dream of many Honduras to buy a house on the beach for a summer vacation!

This objective, however, can go beyond just being a place for rest and tranquility. There are other interesting advantages, such as the alternative possibility of increasing family income, being a good real estate investment, being able to gather friends and family, etc.

In this article, we will see in more detail what are the advantages of buying a house on the beach — especially in Honduras — and why you should start thinking about it now. Keep reading to check it out!

1. Enjoy wonderful moments of leisure

When we think of a beach house, those fantastic summer images come to mind, where people enjoy idyllic places. And indeed, it is very relaxing to spend some time in coastal regions, being able to recharge your batteries near the sea and the sun. An excellent advantage, isn't it?

After all, we have good opportunities to escape to paradise throughout the year. Weekends, holidays… there is no shortage of occasions for you to get together with your family and enjoy the delights of the beach. And, between us: these moments are priceless.

Read Also: What Precautions Are Needed When Buying A Property On The Plant?

2. Being able to profit from vacation rentals

Acquiring a beach house is not just about fulfilling a consumer dream. In fact, this type of property can become an excellent investment if it is put up for rent on occasions when it is not frequented by you and your family.

This, by the way, is a great way to earn money at special times of the year, such as summer — when people spare no effort and money to enjoy pleasant days with family or friends. Think about it!

3. Gather family and friends often

Due to our increasingly busy routine, today it is quite difficult to schedule frequent meetings with family and friends, isn't it? The most that many do is kept in touch via social media.

Anyone who owns a nice beach house, however, is able to meet people in their social circle live and in color. After all, it's much easier to get everyone together in a pleasant place close to the beach, combining the benefits of escaping the routine with those of an intimate event with friends!

4. Save on travel

Anyone who has traveled in a group knows how expensive everything can be. There is all the stress related to the trip, starting with the planning that involves choosing the hotel, the most convenient date, among others. In addition, there are expenses that, inevitably, occur and are very large.

In this sense, having a house on the beach in a privileged region, such as Honduras, can be an excellent deal — in addition to the investment itself. This is a very effective way to save on group trips, starting with the accommodation itself and extending to food, transport, tours, among other expenses.

5. Have more convenience

Spending a season at your summer house is another story. At home, we have more freedom and privacy and, consequently, we enjoy every moment a lot. Although there are some perks when we close a hotel package, spending a few days at your own beach house is much more comfortable — in addition to being much cheaper!

Anyway, as you have seen in this article, there are many advantages to buying a house on the beach. To guarantee all of them, however, it is very important to look for an experienced realtor, capable of helping you not only in the search for your dream home, but also in the management of this property.

Did you like this post and are you thinking homes for sale in Roatan Honduras on the beach? So, contact us now and see how we can help you in this important project!

The First Visit Guide: See What to Evaluate In the Property Before Buying

 Are you visiting properties to find a new home but don't know what to evaluate during the visit? Breathe, we are here to help you. We know how important it is for you to have detailed information during this time and to clear all your doubts to avoid future surprises. With that in mind, we have separated tips for you to know what to evaluate in the property during your visit. Keep reading to find out more!

Buying a property more safely

Roatan buyer’s agent was born to make the process of buying and selling a property simpler, more pleasant and safer, as it should be. We are a real estate solutions platform and we are here to help you from the search for the ideal property to the visit, negotiations, credit approval, contract signing and key delivery.

Our differential is in our team of sales specialists, who are hired full-time and with a fixed salary by Roatan buyer’s agent, that is, they are not commissioned according to the value of the property. That way, they can focus on what matters most: the customer, their wants and needs during the most important transaction of their life.

Our experts know everything about the Roatan Honduras real estate! Together with them, we created the definitive guide for the first visit, with tips and important questions about what you should evaluate in the property before making a negotiation. Thus, you will have all the information you need to make a comparison between the properties you liked the most and make a more assertive decision. Check out the full guide below:

The definitive first visit guide

In addition to footage, property value and IPTU, find out what to evaluate in the property when visiting to buy:

1 – When was the property built and what is the maintenance cost?

To give you more predictability of costs, find out about the construction date of the property, and, from that, find out if the maintenance has a high cost or if there is a lot of delayed maintenance.

2 – How is the leisure area? Is there anything that still needs to be built that could incur extra cost?

If you are visiting condominiums with a leisure area, it is always good to pay attention to the initial project of this area, checking if it is already complete or if there is something missing to be built that generates extra calls.

3 – How is the neighborhood? What's around?

Take a tour of the neighborhood where the property is located. Evaluate market options, pharmacy, gym, commerce; the ideal is that it is walking, thus, the extreme need of the car for any exit is already annulled. Inform yourself about the means of transportation to access the address and to travel to work and to places where family members are used to.

4 – Is there a generator in case of a power outage?

A generator can be very useful so you don't have complications in case of a power outage, especially at the moment we live in which the home office is increasingly adherent.

5 – What is the value of the condominium? What is included?

As it is a monthly cost, the amount can make a difference in your budget, so the ideal is that this expense is added to the costs of the new property. You should inquire about which bills are included in the bill, as many condominiums include gas, water and/or electricity. Also try to find out how this apportionment is made, if there are individual meters or if an average is made regardless of the use and size of the property.

6 – Does the condominium have a concierge, doorman, guardhouse or night watchman? What are the opening hours?

Find out about the functioning of the building's concierge, if it has a doorman or if it is a remote concierge. When arriving at the condominium, observe the security at the entrance and rules for the entry of visitors and non-residents. This information is useful both for security reasons and for the comfort and ease of receiving deliveries.

7 – What are the condominium rules regarding pets?

Check if in the building regulations there is any rule regarding pets. By law, condominium management is not allowed to prohibit or impose limits on pets. In the case of wild animals, management may require documentation of possession regulated by Environmental Impacts of Renewable Energy in order not to be held responsible for an environmental crime.

Most condominiums restrict the movement of pets through the service elevator and limit their access to common areas such as swimming pools and playgrounds. See how was the experience of a couple served by Roatan buyers’ agent in the search for a safe property also for the pet.

8 – How is the hydraulic and electrical system of the property? Any renovations done or to be done?

Do a thorough check to see if there are any apparent signs of problems, such as leaks, leaks, swollen tiles, moisture stains, cracks or any other sign that draws attention. Try to test sockets, switches, faucets, everything you have access to. 

9 – How is the property documentation regularization? Property tax? Deed in the buyer's name? Condo up to date?

Ask to see all the property's documentation and make an appointment with the city's land registry. If the apartment is used, check with the administrator or with the landlord if there is any debt with the condominium.

In the purchase and sale process, several documents are required, both from the seller and the property - which documents are necessary when buying or selling your property. If you are unsure about the documentation, count on our legal advice to evaluate the documentation presented.

10 – From the current decoration and furniture, what is in the property?

If it's a used property and you have planned furniture and/or air conditioning in good condition, if it's interesting, try to negotiate for them to stay in the property, so it's one less expense and worry when moving.

11 – At what time does the sun shine on the property? Sun in the laundry room?

Also consider the solar position in the apartment. Typically, those that get sun in the morning tend to be cooler, and consequently more expensive, and those that get sun in the afternoon tend to be hotter. Check the places that get the most sun, laundry is an important part to consider. 

12 – Are there any changes to the structure of the property that you want to make? Enjoy and ask.

Often, when buying the property, the buyer thinks of breaking the wall and making an American kitchen or increasing the living room to the area of ​​a bedroom. Some condominiums have their own manual indicating what can and cannot be done, so you avoid future problems or frustrations. 

13 – Can you close the balcony with glass? Can you break the wall to create the open concept to the property?

Normally, on the balcony, everything that is visible from the outside of the building must be preserved, therefore, closing is not allowed. However, some condominium conventions allow these changes, so if you are interested, please inform yourself during your visit.

14 – What is the liquidity of this property? Can I sell it fast if I need to?

Research the average time properties similar to the one you are looking to buy are on homes for sale in Roatan Honduras, if they have a pattern that easily attracts other buyers. Also check the rental values, in case you need to use it for income while it is not sold.

15 – Is the asking price in line with the market?

To help with your trading, we have created an online pricing with a patented algorithm. In it, you fill in the property data and check if the owner is asking for a fair value compared to the market. You can consult our pricing by clicking here, and take advantage of the tool to prepare yourself even more for the visit.

Read Also: 5 Essential Tips for Buying a Property