Property Appraiser Lagos Nigeria - Free Real Estate Appraiser Guide
In Nigeria, a property appraiser is generally referred to as a real estate valuer. And the institution empowered by law to award the required license to practice as a real estate valuer is the Nigerian Institute of Estate Surveyors and Valuers (NIESV).
The above few paragraphs may sound a bit confusing to you if you do not already know the difference between property appraiser and property appraisal or real estate appraiser and real estate appraisal. While the two terms sound alike, they mean different things.
So, what is the difference?
Second, visit the office of the real estate valuer you wish to engage to conduct the real estate valuation.
People say that "a cluttered desk is a cluttered mind". If that is correct, what will a cluttered office tell you about a particular professional?
Well, your guess is as good as mine.
One look at a real estate appraiser and his office will tell you whether to proceed with the transaction or not. A properly organized office is a sign of professionalism.
Analyzing The Valuation Report
It is customary for a property appraisal to issue a real estate valuation report to the client after the job is completed. That is proof that he actually conducted the property valuation.
Take reasonable time and care when reading this valuation report. Read and understand the facts, the rational, and the criteria used for the valuation. Then read and understand the conclusion . . . the amount the property valuer says your property is worth.
Remember that the valuation report is an estimate of what your property is worth based on operating real estate market conditions at a given point in time.
Therefore, when potential buyers make offers for a property for sale, a property you wish to sell, don't let the number quoted in the valuation report blind you to a good deal.
Initiate a property valuation. Read the report thoroughly and understand it. Then use common sense.
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