Valuation of real property
Valuation of real property is professional activity, in which the expert calculates market value of real property or certain rights with respect to it (that is the price, which was used to conclude a transaction on the open market).
Professional valuation is required in deciding on sale and purchase, change of ownership, exchange, granting of credits charged upon property, in the reorganization of enterprises, for making of investment decisions, for property insurance, in revaluation of the enterprise fixed assets, etc.
Lately, independent valuation of the market value of property became very popular among legal entities and individuals. Professional and accurate calculation of the property value will help to conclude purchase and sale transaction or conduct requested operation with maximum efficiency. In addition, it should be remembered that economic activities related to real property are often regulated by the legislation in setting requirements for valuation of the real property.