The real estate valuer’s mission is a complex one that requires a deep understanding of accounting standards and methods, as well as a keen ability to analyze data objectively and descriptively, to produce an integrated report that accurately reflects the fair value of the real estate, which in turn influences the direction of Saudi real estate.
It influences the direction of investment decisions, such as financing and self-build deals, and helps to determine the level of activity of the Saudi real estate market as a whole, which is directly reflected in the level of investment.
Who is a real estate valuer?
He is an expert who evaluates and determines the fair value of real estate. He examines the real estate very carefully, taking in every detail that affects its value. They look at many factors such as the condition of the building, its geographical location, its views, its foundations, the materials used in its construction, and its finishes. The Real Estate Surveyor is required to obtain different qualifications and certificates to be qualified to provide an impartial opinion in accurate and objective reports, the most important of which is accreditation from the Saudi Authority for Accredited Valuers; the responsible authority for regulating the real estate valuation process in the Kingdom, and should work in a real estate valuation company to gain experience.
The role of a certified real estate valuation company
Certified Real Estate Valuation Companies serve as trusted entities that provide a reliable and confidential real estate valuation service. They use accurate and reliable valuation methods that are determined based on the objective of the valuation process, which enhances the accuracy of the results.
Certified companies are characterized by the presence of highly qualified teams in the field of real estate valuation, ensuring that you are dealing with experienced professionals. Aain Real Estate Valuation Company is one of the leading companies accredited by the Saudi Authority for Accredited Valuers, which provides you with an evaluation in record time and with reliable expertise, through accredited valuers.
The effect of real estate valuation on investment:
Determining the fair value of a real estate property has an impact on the direction of Saudi real estate prices, below we discuss the most important factors that are affected by the valuation:
Financing:
Determining the fair value of a property affects financing decisions and loans, as it contributes to determining the terms of the loan, duration of repayment, and repayment plans. This improves investors’ chances of obtaining financing on favorable terms, which enhances the chances of success for real estate projects.
Self Construction Deals:
Valuation is an essential part of self-construction deals, as it guides the opinions of those seeking to invest in this field to be aware of the value of their investment and its return before starting the buying of land and building materials and dealing with the design and finishing stages, which helps to boost real estate activity.
Real estate development projects:
Providing objective reports for real estate development companies that want to sell their projects contributes to determining the attractiveness of the projects, influences the securing of financing, and encourages the continuity of real estate development.
Influence buying and selling prices:
The real estate valuer is an impartial opinion between the seller and the buyer through his reports prepared by his expertise based on international valuation standards, which influences the buying and selling movement and contributes to activating the market movement and making investment decisions based on solid foundations.
Aain Real Estate Valuation Company is accredited by the Saudi Commission for Certified Valuers and includes a team of experts in real estate valuation, which enables it to provide a professional service that helps you make investment decisions related to real estate assets.
In short, a real estate valuer plays a vital role in promoting investment growth in Saudi Arabia. Accurately determining the fair value of real estate has an impact, highlighting the importance of finding experienced and reliable property valuation companies to provide this service.