Property Valuation

The report, prepared by our appraisers, will be valid for six months, and you can wear it in any official organization.

Most often, the need for property evaluation arises from our clients in the following situations:

When concluding transactions for the sale and purchase of property. Of course, if we are talking about an iron or an old teapot, no one will ever come to their estimation, especially since this procedure is not mandatory. However, if it is a question of larger objects, such as an apartment house or an entire business, then it is better to evaluate the market value. It will be useful not to make a mistake with the appointed price and not lose money in the results of the transaction. In addition, the assessment of market value will facilitate the inflow of buyers who are much more likely to have a proposal that is backed by an independent expert opinion. Quite often it is the buyer who initiates the valuation, but he cannot order the procedure, since only the owner has the right to do so. We should not forget that no matter what amount the expert calls, the final decision on the price is taken by the owner.

When insuring property. In contrast to the situation described above, in this case, the valuation of market value will be an obligatory procedure. This condition is put forward by the insurance company, which needs to know how much the property costs, in order to use this information to determine the amount of monthly contributions and compensation payments. Usually, insurers have their own appraisers, but it is better not to resort to their services, since the examination can be biased. The best option would be to contact an independent company that is guaranteed to have no personal interest in overstating or understating market value.

If the property becomes an object of collateral for the bank. We described this situation above.

If the property is contributed to the authorized capital of the company. Estimation of market value will be necessary, since it is necessary to establish the share that the contributed property will occupy from the total. This is a prerequisite.

For balancing or writing off. As in the previous situation, the market value assessment will be mandatory.

For more detail :   https://www.valsnsw.com.au/

The company “1Capital” will gladly provide you with its services for property evaluation. To work with us is very simple, all you need to do is to leave a request and give access to the evaluation object.

All information on the cost of work, the timing of their conduct and the necessary documentation can be found below.

The fragmentation of a major transaction in purchases is unacceptable

In some cases, when applying to a court, you can get a decision quite unexpected for the parties. So, on September 14, 2018, the 16th AAS confirmed the legality of the decision of the lower court, which in the suit was denied due to the nullity of the concluded contract. At the same time, neither side declared the recognition of the treaty as such. The court independently came to this conclusion, which led to the adoption of this decision.

The possibility of such an outcome is due to a number of legal norms.

From Art. 3 of the Civil Code of the Russian Federation, it follows that the requirements of the Civil Code of the Russian Federation and other acts regulating civil legal relations must be applied interrelated.

By virtue of paragraph 3 of Article 1 of the Civil Code of the Russian Federation, acquiring, implementing, protecting and enforcing civil obligations, the parties must act in accordance with established rules. According to paragraph 4 of Art. 1 of the Civil Code of the Russian Federation no one has the right to receive a preferential position from knowingly illegal behavior.

Therefore, in the process of assessing the integrity of counterparties, it must always be assumed that the parties acted in good faith and reasonably until evidence is provided otherwise.

 

 

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