What is a real estate appraisal?

A real estate appraisal is a study carried out to form a professional opinion on the true value of a property - ideally, its market value. Because of its complexity, a real estate appraisal is usually performed by professionals licensed to do so. It matters because it is through this study that financial institutions, such as banks, know how much a property is worth - key information when granting loans.

Who can carry out a real estate appraisal?

A real estate appraisal should be performed by an experienced professional, preferably certified by the CMVM (Comissão do Mercado de Valores Mobiliários, the Portuguese Securities Market Commission). Engidouro's team includes real estate appraisers who are qualified, experienced and CMVM-certified, with decades in the market, delivering an independent appraisal service based on rigorous valuation criteria.

Why hire a real estate appraiser?

Any individual or company can have their assets appraised at any time. Some of the most common reasons include loan applications, taxes, insurance, settlements, inheritances, the decision to sell a property, economic feasibility studies, and more. Find out what your property is worth - contact us for a free quote.

What types of real estate appraisal do you offer?

We provide appraisal services in the following areas:

• Mortgage lending (collateral valuation)
• Hotels and hotel groups
• Home appraisal (residential property)
• Land appraisal and valuation
• Real estate development projects
• Estates and asset portfolios
• Georesources (natural resources)
• Equipment and machinery

What are the steps to request a real estate appraisal?

1. Choose an experienced, qualified company or appraiser (a service provided by Engidouro).
2. A site visit to the property to collect the necessary information.
3. The appraisal process: after the visit, and once all the required information has been gathered, the property appraisal report is prepared.
4. Payment for the service and delivery of the report to the client.

How is a property's value determined?

A property's value is determined using assumptions and methods such as the discounted cash flow (DCF) method, the income method, the sales comparison (comparative) method and the cost method, among others. Factors that influence a property's value include its location, the date and quality of construction, its state of repair and current market conditions (supply and demand).

How much does a real estate appraisal cost?

The price of your real estate appraisal depends on the type of property and the time required to carry out the service. It is therefore affected by several factors, such as your property's location, its size and the type of property. Contact us and we'll be glad to send you a free quote!