Market Appraisals

Market appraisals are technical reports widely used in the real estate industry to determine the market value of a property. This value is based on factors such as location, physical characteristics, condition, market demand, and other economic considerations.

To establish a property’s market value, appraisers apply different valuation methods, including the comparative market approach, the income approach, and the cost approach.

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What are market appraisals for?

Market appraisals are essential to ensuring fair and transparent real estate transactions. By determining the true value of a property, both buyers and sellers can make informed decisions, avoiding overvaluations or financial losses. Furthermore, financial institutions require accurate appraisals to grant mortgage loans another collateral, ensuring that loans are backed by a real and up-to-date value of the property.

Another key aspect is planning and strategy in real estate investments. Market appraisals allow investors and owners to evaluate the profitability of an asset before buying, selling, or leasing real estate and/or developing projects. With a detailed analysis, it's possible to identify market trends, areas of high added value, and opportunities for property improvement, which optimizes return on investment and minimizes financial risks.

Furthermore, market appraisals are essential for determining the commercial value of an asset, as well as for legal and administrative processes such as inheritance divisions, expropriations, company liquidations, and tax payments. A well-founded technical report avoids conflicts between parties and ensures that decisions are based on objective criteria.

What do our market appraisals offer

They include:

The extensive experience and specialized technical knowledge of our experts, supported by more than 2,000 market appraisals.
An on-site visit by our appraisers to gather key information about the property and its surroundings.
An in-depth assessment of real estate market conditions, considering trends, supply, and demand in the area.
A detailed analysis of determining factors such as location, dimensions, condition, and improvements made.
The application of comparative approaches and specialized tools, including: o Comparative analysis with similar properties for sale in the same area o Use of up-to-date data from other appraisals and market trends o Ensuring an accurate estimate aligned with current market conditions
Full compliance with current legislation, regulations, and standards under Costa Rican jurisdiction.
Delivery of a detailed and accurate appraisal report, backed by documents, references, and verifiable data that support the property’s estimated value in a fair and transparent manner.