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Purchase of Official Appraisal for Inheritances
Find out the price of your Appraisal in just 1 minute
We will call you in 24 hours to arrange a visit to the property
Our report, prepared in accordance with ECO805/2003 regulations, includes a visit to the property with photographs, preparation of a detailed plan, valuation of the property and its characteristics, analysis of the urban environment, and registry and cadastral information.
Some of our clients
We are approved by the main financial institutions in the country. Our valuation reports are valid for guarantees and mortgage loans.
Company Approved by the Bank of Spain
Over 35 years as Leaders in Valuation and Appraisal
We provide our services throughout Spain and Portugal, for the financial, insurance, real estate and business sectors.
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If you wish to value unique properties, plots of land, or rustic estates, request a quote now at no cost or obligation. We will send it to your email in less than 24 hours.
Frequently Asked Questions
What is a Real Estate Appraisal?
It is a report prepared with standardized methodology, according to the purpose requested, in order to obtain the value of a certain property or the right over it. It is performed by an expert appraiser team and is finally supervised to control its quality by the Euroval validation department.
What Real Estate Assets are Subject to Appraisal?
This type of service focuses on the appraisal of all types of real estate and rights, among which the following should be noted:
For What Purposes Has Real Estate Appraisal been Intended?
The real estate appraisal can be aimed at different purposes, among which we can highlight regulatory, non-regulatory (knowledge of value in general) and administrative purposes or those related to the processes of the administration:
Among the regulatory purposes are those included in Ministerial Order ECO 805/2003:
- Mortgage guarantee of credits or loans
- Coverage of the technical provisions of insurance companies
- Determination of the assets of real estate collective investment institutions
- Determination of the real estate assets of pension funds
The non-regulatory purposes cover a wide spectrum, however, all of them with the common purpose of knowing the market value of a property. Among this type of purposes we can highlight:
- Processes of division of assets due to inheritances or marital separations, etc.
- Accounting statements. Adequacy of the value of assets
- Advice on a sale
- Advice on an equity division
- Mergers and business spin-offs
- Extinction of joint ownership
- Auctions
Among the administrative valuations or those related to the processes of the administration we can highlight:
- Deferral of debt with the administration
- Capital increases by non-cash contribution
- Verification of tax values.
- Expropriations
- Expert and judicial valuations
- Urban re-parcelling
How Does Euroval Perform a Real Estate Appraisal Report?
The procedures established by Euroval in the performance of appraisal reports are perfectly systematized in such a way that our entire technical and administrative team is coordinated in their performance.
The reports are prepared with standardized methodology, according to the purpose described and taking into account the nature of the asset to be valued. The steps taken once the order is received are as follows:
- Once the documentation provided by the client has been obtained, the technical team will visit the property and make the necessary checks to determine the characteristics and actual situation of the asset under consideration, contrasting the physical characteristics of the same with those contained in the documentation provided.
- The use and protection regime, tenure, occupation, and other physical, legal and urban characteristics of the property are analyzed.
- Depending on the type of real estate asset, and the consideration of this and purpose, Euroval technicians apply the most appropriate methodology to perform the report.
This process implies the use of internationally recognized valuation methods and techniques:
- For regulatory purposes, those contemplated in Ministerial Order ECO 805/2003, on valuation standards for real estate and certain rights for certain financial purposes. Mandatory application regulations in Spain for purposes.
- International Valuation Standards IVS
- European Valuation Standards EVS
- RICS regulations. In the event that it is required, Euroval has a team of technicians with accreditation from the Royal Institute of Chartered Surveyors.
Is it Necessary for the Company to be Approved by the Bank of Spain?
In accordance with Law 2/1981, of March 25 on the Regulation of the Mortgage Market, in order for an Appraisal Company to issue a valuation report valid against entities of a financial nature as well as public and administrative bodies, whatever the purpose for which it is proposed, it is necessary that the company is previously approved by the Bank of Spain. Euroval has had this approval since 1990, as well as that of the National Securities Market Commission (CNMV), which ensures that any report that is carried out will be fully valid before the bodies of the administration as well as before banks and financial entities in general. We have quality certification from AENOR and IQNET.
All of this guarantees us as a serious company, with independence and reliability when carrying out the work and assignments that are requested of us, offering our clients the greatest possible satisfaction.
Who should Perform a Real Estate Appraisal?
At all times, official appraisal reports for mortgage guarantees are prepared by professionals with expertise in the field, in order to make a homogeneous and justified application of the valuation standards adapted to the purpose of the report and the type of asset to be valued. Euroval has teams of professionals who have extensive preparation, experience and knowledge (architects, engineers, economists, lawyers, etc.,) who are supervised by its control and validation team, which ensures the final quality of the report.
How Long Would it Take to Receive the Report?
Euroval’s experts adapt to the client’s needs and initially offer a term according to the scope of the work itself.
What Documentation Do I Need to Provide to Request the Official Appraisal for ECO 805/2003 Regulations?
For the performance of an Official Appraisal under ECO 805/2003 regulations, to request a mortgage guarantee it is essential to provide an updated Title Deed, this means that it is less than 3 months old at the time of the Appraisal.
Another essential requirement if the property is rented, is the lease agreement and the last receipt available.
There may be particular cases, in these cases we recommend contacting us to resolve any doubts.
What is a Title Deed?
It is a note through which the content contained in the registration entries of a certain property is reported, indicating the registration data of the property, owner or owners and the existence or not of charges or encumbrances.
What is the Registered Property Deed?
Notarial deed in which the property being valued is recorded. It must be registered in the corresponding Land Registry.
Why Euroval?
Euroval is governed at all times by the principles of rigor, independence and objectivity. The rigor is ensured by the strict valuation standards to which we are subject, which establish the methodology and valuation criteria best suited to the purpose of the report. Independence is safeguarded by the composition of the shareholding, governing body and experts of the company, who are not linked to any person, company or entity that may generate a conflict of interest with the assets to be evaluated or expertised. We dedicate ourselves solely and exclusively to valuation, both in Spain and in other countries, acting according to what the regulations establish in this regard and monitored by the supervisor system to which the company is subject, which guarantees its objectivity.
For all of the above, we offer you the preparation of this type of report with a methodology according to the nature of the asset and the purpose of the report, and where appropriate, in accordance with the requirements of current regulations. Euroval is a company approved by the Bank of Spain and by the CNMV, our appraisal reports have a total guarantee of objectivity.