How long is a report on assessing the market value of an apartment valid? Storage period for the market value assessment report

An appraiser's report is a document that appears in transactions between citizens and organizations when registering rights to property and in other cases. Legislation imposes requirements on it in order to guarantee reasonable results.

A little about legislation

The basic normative act is the law “On Valuation Activities”. Standards have been adopted at the level of the Ministry of Economic Development. In addition, it specifies what the appraiser's report should look like. These documents describe in detail numerous nuances. Naturally, these orders comply with the law.

An assessment is required. This is what the law “On Valuation Activities” says, as well as other acts. It should be carried out when disposing of state or municipal property, mortgage lending, and before signing a marriage contract. In fact, you cannot do without this procedure when registering an inheritance or filing a claim in court regarding a property dispute. The appraiser's report is now in demand in many cases.

Where does the document come from?

A contract is concluded with a specialist. The selection of the appraiser can be made by a government agency or an interested private person. For example, the valuation of an object may fall on the participant in privatization auctions. In any case, an agreement is signed. The document is drawn up in paper or electronic form. In the second case, the use of an enhanced digital signature is mandatory. Components of the document:

• names of the parties;
• the purpose of the work;
• information about the object that needs to be assessed;
• what type of valuation should be carried out (market or cadastral price);
• how much the service is estimated to cost;
• the time after which the appraiser's report must be submitted;
• information about the SRO to which the independent appraiser belongs, or the organization for which he works;
• information about the performer's liability insurance.

The agreement specifies the standards against which the assessment is to be made.

Report requirements

There are additional requirements for the appraiser's report. They relate to the specifics of the subject of assessment. In particular, valuations in the nuclear industry, real estate, etc. have their own characteristics.

The report contains information from the contract regarding the grounds, goals and timing of the procedure:

• an accurate description of the object or subject of assessment;
• sequence of actions of a specialist;
• the date by which the task was completed.

The report of an independent appraiser or one working for an organization is signed by him, and a seal is affixed - his own or the organization in which he works. The appraiser is not limited in the amount of information that he can add to the report, the main thing is that it contains a minimum of information in accordance with the law and standards. We must remember that, despite all the requirements and rules, any report contains a certain amount of assumptions and probabilities, although the figures obtained by different specialists should not seriously differ.

Features of real estate valuation

Citizens and organizations are primarily interested in the market valuation of objects. Inventory or calculated for some types of taxes, and appraisers almost never encounter it. There are several ways to calculate market value:

• expensive;
• profitable;
• comparative.

The first method is based on taking into account the technical characteristics of the object, calculating the costs of re-equipment and reconstruction. The second depends on the potential income from a particular property, for example, on the amount by which the cost of an apartment or plot will increase after some time. The third method is based on comparison of similar objects. Of course, individual characteristics are taken into account. This is what the apartment appraiser's report is usually based on.

It is easiest to find specialists in the field. Almost all of them work with real estate agencies, BTI (both private and public).

How the assessment process is structured

The real estate appraiser's report follows the same scheme:

• existing knowledge is collected (technical documentation);
• An analysis is carried out, including the surrounding area (the degree of development of roads, public infrastructure).

Literally every little thing plays a role. Even in the same building, apartments are valued at completely different amounts. The area of ​​the property and the level of amenities of the house itself also relate to this. The house may be located near a prestigious area, but its useful life is approaching its end, which also affects the price. The price is reduced if the house is in good condition, there is a store or pharmacy nearby, but there is no transport infrastructure. This is what the independent appraiser's report is based on.

The specialist needs:

• Documents from cadastral registration. If there is no cadastral passport, they are asked to provide a technical passport, which is drawn up at the BTI.
• Explication, floor plan.
• Documents confirming ownership of real estate.

If redevelopment is planned, a work plan is provided, as well as other information depending on the situation. The specialist tells you directly what he needs.

Valuation and litigation

Disagreement with the report's conclusions is expressed in the lawsuit. It may concern both the results of the assessment itself and other actions if they are based on or are somehow related to the assessment. Almost all such cases are dealt with by arbitration courts. Although it is now possible to challenge the appraiser's report in the administrative process (cadastral valuation). The judge decides whether to agree or not only after an examination. It differs only in two points:

• carried out solely by decision of the court;
• the expert is warned of criminal liability for false conclusions.

Getting an expert assessment in court is the only way to challenge the assessment result. The cost of the procedure does not vary much across the country. The exception is the capital regions. For the assessment of similar objects, experts ask approximately the same amount. A low or high price does not indicate quality; it is better to read customer reviews. If we touch upon such an issue as the validity period of the appraiser's report, then it is usually 12 months. But the law may establish other deadlines.

In some cases, it is necessary to determine the market value of a property. An assessment procedure is used for this.

Factors that may affect the value of real estate are considered, and the value is determined based on them.

It is influenced by both the characteristics of the object itself and the environment, market environment, political and economic situation, etc. Since these factors do not remain unchanged, the value of the object changes over time.

The assessment report must indicate the date on which it was made.. In many cases, the estimate is used soon after it is determined. Then the expiration date does not matter. You can often hear the question: “How long does an apartment assessment last?”

If the assessment occurs regularly, its result can be considered valid until the next assessment.

But more often a specific date is indicated until which it is valid.

In accordance with the validity period of the assessment cannot be more than six months.

After its completion, the found value is not recommended for use. A judicial authority or credit institution will most likely not accept it.

Therefore, the assessment will need to be re-evaluated.

Attention! If for some reason doubts arise about the reliability of the assessment, they can be resolved in court.

In such a case, the period that has passed since the assessment is also important.

The validity period of the apartment assessment also does not exceed 6 months.

Real estate valuation agreement

Without an agreement, the assessment is considered invalid. It consists of a simple written form; there is no standard form.

The agreement may be concluded on:

• one object;
• several objects;
• long-term cooperation.

It must indicate:

1. Who is the customer for the assessment?
2. Who is the performer, that is, the appraiser.
3. Information on qualifications and confirmation of civil liability of the appraiser.
4. What exactly needs to be assessed.
5. For what purposes do you need to find out the cost (this determines the methods used).
6. Type of value determined.
7. List of standards for valuation activities.
8. The date on which the cost is determined.
9. Validity.
10. The amount of remuneration (it cannot be expressed in shares or percentages of the cost) and payment procedure.

When and with whom is it concluded?

The customer can only be the owner or his authorized representative.

This could be a company or an individual.

The appraiser can work for a company or independently.

But he must have the appropriate education and be a member of a self-regulatory organization of appraisers.

His qualifications are confirmed:

• diploma of education;
• certificate;
• and an extract from the register of appraisers.

Reference: Sometimes there is a third party in the contract - the payer. That is, this is someone who pays for services, but does not own real estate.

This can also be an organization or an individual.

Required documents

To sign the contract, the customer will need:

The document of title is the one on the basis of which the right of ownership arose.

They may be:

• contract of sale;
• privatization;
• deed of gift;
• and others similar depending on the situation.

The required technical documentation depends on the type of property.

The apartment valuation agreement requires:

The terms for appraising an apartment were mentioned above.

For a residential building:

1. Cadastral/technical passport.
2. A plan of the land plot on which it is located, with designated boundaries.
3. Extract from the Unified State Register of Encumbrances.
4. Information about engineering networks.

To determine the value of commercial real estate:

1. Technical certificate.
2. Extract from the Unified State Register.
3. Land plan.
4. Information about encumbrances.

Attention! You will also need constituent documents and minutes of the meeting with a decision on the appointment of a manager if the owner is an organization.

To evaluate a land plot:

1. Cadastral passport.
2. Site plan showing exact boundaries.
3. Documents that determine the amount of land tax.

If the contract is drawn up for an unfinished construction project:

1. Permitting documentation for construction.
2. Project with explanations for it.
3. Extract from the Unified State Register.
4. Information about the structural system and the permitted power consumption of resources.
5. Cadastral or technical passport. It must indicate the degree of completion of construction and the built-up area.
6. If the building is conserved - an act of conservation.

Important: If the owner is a company, a certificate of book value will be required. It will be prepared by the accounting department.

The appraiser provides documents confirming his qualifications. Further in the article you will find instructions for filling out and what the apartment assessment looks like.

Instructions for filling

As a rule, the appraising organization or an independent appraiser has a contract template.

It can be filled out by hand or on a computer.

The following information is entered into the document:

1. His number.
2. Conclusion date.
3. Information about all active parties. This is the full name or name of the organization, the full name of the representatives and the basis on which they act (power of attorney, company charter, minutes of the meeting, etc.).
4. Number of copies of the assessment report.
5. Information about the appraiser(s): full name, name and location of the self-regulatory organization and information about liability insurance.
6. At the end of the agreement, the addresses and bank details of the parties-legal organizations are indicated.

• determining the amount of inheritance tax;
• in legal proceedings related to the determination of damages received in the past;
• during judicial division of property after divorce;
• when drawing up a marriage contract, if it is concluded a long time after the wedding.

In such cases, a retrospective assessment is carried out. During its course, events, characteristics and indicators at the required date in the past are taken into account.

If more than six months have passed, the assessment result will not be valid for the present time.

As you can see, the validity period of the assessment is an important parameter. It determines how long it can be used. It is also important to correctly indicate all the necessary information in the contract and prepare the required documents. Well, now you know how much the apartment appraisal is valid.

What is a retrospective real estate valuation, watch the video:

The question of how long the market value of an apartment is valid is regulated Federal Law dated July 29, 1998, number 135FZ (last edition dated August 3, 2018).

Here is a verbatim excerpt from this law regarding the “expiration date” of the assessment report.

“The final value of the market or other value of the valuation object, determined in the report, with the exception of the cadastral value, is recommended for the purposes of determining the initial price of the subject of an auction or competition, or completing a transaction within six months from the date of preparation of the report, except for cases provided for by the legislation of the Russian Federation.”

This point is also touched upon in paragraph 26 of the Federal Valuation Standard, approved by order of the Ministry of Economic Development of Russia dated July 20, 2007 No. 256. “The final value of the valuation object indicated in the valuation report may be considered recommended for the purposes of making a transaction with the valuation objects, if from the date of drawing up the valuation report to the date of the transaction with the object of evaluation or the date of submission of the public offer has passed no more than 6 months .”

How it works in practice

In practice, the validity period of the assessment report is most often determined at the discretion of the specialist who requested it from you.

For example, if you need an assessment for a mortgage (), then it is better to clarify this issue with a bank employee, just in case.

It happens that a bank employee is ready to accept “no older than” 1, 2 or 3 months. And there is no way to convince him. After all, the Law “On Valuation” and the valuation standards stipulate the RECOMMENDED shelf life of the report. Recommended is not mandatory, but desirable, that is, it can be neglected if something happens.

Therefore, an employee of a bank or other organization demanding an appraisal report from you can interpret the law and the appraisal standard in his favor and nothing can be done about it.

What to do?

To avoid unpleasant situations and surprises, check in advance with a specialist from the organization requiring the report:

• what is the validity period of the real estate assessment in their opinion;
• what form the report should be in;
• on what date and how much time is allowed between drawing up the report and submitting it to this specialist, and so on.

Experience suggests that it is usually useless to argue. To save time and nerves, do as the employee who requested the evaluation report tells you. Arguing, as a rule, is useless and ineffective.

Many people across the country are wondering why a real estate appraisal is needed. Also, the question increasingly arises about what is the validity period of a real estate assessment. To answer them you need to go “from afar.”

The idea that real estate can only be bought or sold is very erroneous. After all, a person’s real estate is “frozen capital”, which can be “unfrozen” at almost any time. Thus, real estate can serve as the basis for issuing a loan, including a mortgage type; it can be pledged, contributed to the authorized capital, and also rented out.

However, to carry out all of the above, as well as many other activities, it is necessary to know the so-called amount of available capital, that is, the value of the property owned. This is precisely why a real estate valuation procedure is required.

Valuation of real estate objects

This activity is carried out in several stages, the first of which is a direct inspection of the object that is being assessed. This inspection is carried out by a specialist of your choice, who records the characteristics and features of the house, apartment, land and other real estate. Among such characteristics that have the greatest impact on the cost of an object are:

• Condition of the building and its area.
• The condition of the interior finishing and communications.
• Number of rooms.
• Location relative to main infrastructure facilities.
• And much more.

Validity period for real estate assessment

After receiving the results, people begin to think about how long the real estate appraisal is valid. The answer to this question is very simple, and it is contained in the twenty-sixth paragraph of the Federal Assessment Standard.

This paragraph, among other things, establishes the period within which the instructions in the assessment report can be used to carry out various transactions with the object, and this period is six months, that is, six months.

Organizations assessed

If you are looking for a reliable organization that can be entrusted with such an important undertaking as real estate valuation, we advise you to turn your attention to a company called ANO “Center for Real Estate and Business Valuation”. Its advantages include careful selection of personnel, thanks to which your assessment will be carried out exclusively by a highly qualified specialist, as well as fairly reasonable prices for the services provided.

The process of entering into an inheritance is associated with certain financial costs: to obtain title certificates, the relatives of the deceased, his children, parents, sisters, brothers, as well as official spouses, pay 0.3% of the estimated value of the property (up to 100 thousand rubles), to all the remaining heirs will have to bear expenses in the amount of 0.6% of the mentioned figure (up to 1 million rubles).

Among other things, the subject of valuation are cars and other vehicles. To carry out the event in question, interested citizens traditionally contact specialized certified organizations involved in assessing the value of various types of property, after which the appraisers’ calculations are used to determine the amount of the notary fee.

Despite the fact that a notary collects funds for issuing title certificates for heirs, this official does not have the right to conduct appraisal actions. Along with this, the notary does not have the right to require the heirs to submit a report on the assessment completed, prepared by any specific company indicating a specific value (market, cadastral, etc.) - these points remain at the discretion of the heir directly.

In accordance with current legislative standards, enshrined in the standards of Art. 333.25. of the current Tax Code (first paragraph, seventh subparagraph), to evaluate vehicles for the purpose of calculating the amount of state tax upon inheritance, have the right:
Article 333.25 of the Tax Code of the Russian Federation (clause 1.7)

• organizations and individual appraisers who have permission to carry out the actions in question;
• forensic institutions.

Is it possible to evaluate the car yourself?

Often, citizens who do not want to overpay to third-party specialists try to carry out an assessment of the inherited vehicle on their own. It cannot be said that such an action is impossible, but a citizen who decides to refuse the services of professional appraisers must remember a couple of the most significant nuances.

First, a qualified appraiser will perform the most objective analysis of market offers for vehicles similar to the inherited vehicle. Secondly, in many cases, information about the estimated price of a car must be confirmed by an official report issued by a certified organization.

Example of a Hyundai Solaris car evaluation report

Carrying out an independent assessment of the car makes sense only for a preliminary determination of the expected amount of the fee for notary services. This is done as follows:

• on websites with advertisements for the purchase/sale of vehicles there are several advertisements for a car of the same make and model with similar parameters (year of manufacture, mileage, etc.);
• the average price of cars is determined;
• from the value established in the previous paragraph, a duty of 0.3% or 0.6% is calculated, depending on the degree of relationship between the deceased citizen and the heir.

Documents for assessing the cost of vehicles

Before you go to the appraiser, prepare the following:

• registration certificate, passport and other documents for the inherited car;
• a certificate or a document replacing it certifying the fact of death of the previous owner;
• passport.

As a rule, there is no need to inspect the inherited vehicle. This may be necessary only when inheriting rare, exclusive and especially expensive cars. In general, this point is considered individually in each case.

Helpful advice! Sometimes the documents issued by the traffic police contain errors, most often in the name of the car. To avoid various kinds of difficulties, try to prepare for the appraiser all the documents you have for the inherited object.

How to order an assessment?

Almost every modern company specializing in the valuation of cars and other property allows you to order the service both in person and by postal/electronic request. The standard procedure is shown in the following table.

Table. The procedure for assessing a car

The nuances of payment, timing of the assessment and other related activities are discussed directly with the performing company.

The assessment procedure includes the following activities:

• if necessary, an authorized employee examines the condition of the vehicle, recording any damage and defects found;
• a description of the main characteristics of the vehicle is compiled;
• a market analysis is performed, during which prices for similar vehicles are studied and the average market value is calculated;
• the customer receives a report and related documents.

Report (example) on determining the market value of a vehicle: VAZ 21124, produced in 2004

In accordance with current legal provisions, the estimated value of the vehicle as of the date of death of the testator is used to calculate the fee for issuing a certificate to the heir. In general, as a rule, appraisers are more interested in the benefit of their client, rather than a third-party notary, therefore, to calculate the cost of a car, the least expensive analogues of the vehicle being valued are usually selected, which makes it possible to reduce the amount of the notary fee.

What is included in the assessment report?

The assessment report is an official document with full legal force. When drawing up a report, appraisers are guided by current legal provisions at the time of preparation of the document.

In the report, the expert describes in detail the conclusions drawn regarding the market price of the vehicle, based on the market analysis and the results of the calculations performed.

A standard report includes on average 10-20 sheets. It is important that each sheet is numbered, and that the entire document is bound and certified by the appraiser’s seal.

Copies of documents and certificates from the customer and the appraiser, as well as various types of auxiliary materials involved in the process of carrying out the activities performed, are attached to the finished report.

An example of a report on assessing the market value of a VOLKSWAGEN PASSAT vehicle

Validity period of the assessment report

In accordance with current legislative regulations, the conclusions of the appraisal company remain valid and relevant for 6 months from the date of preparation of the report. At the end of this period, the assessment, if this need arises, will have to be performed again.

There are often situations when the heir does not have title documents for a car that belonged to a deceased person, and only has a certificate from the traffic police indicating that such and such a vehicle is registered in the name of such and such a citizen.

The assessment can be carried out in this situation, however, in his report the expert will indicate a number of limitations indicating that the report was carried out on the basis of information provided by the customer, etc. Under such circumstances, difficulties may arise during cooperation with a notary, and justice will have to be established in court. In most cases, courts accommodate the heirs and consider such reports. The only thing is that the procedure will require a more significant time investment.

Video – Valuing a car for inheritance