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The real estate valuation is the service which is not too often used by people. Generally, the real estate valuation report is required for taking the loan upon the guarantee of the real estate from the bank. Also, the real estate valuation to be carried out by the impartial expert is also needed for several other activities. For example, the valuation of the fixed assets and real estate investments, valuation of non-monetary contribution, setting of fair purchase-sales price, valuation of different real estate portfolios.

The valuation reports prepared by 1Partner Kinnisvara have been accepted by all Estonian banks and financial institutions. Also, we are entitled to prepare the real estate valuation reports for the courts. 

1. Price list in Tallinn and Harjumaa

Price list for valuation services of 1Partner Kinnisvara starting from November 2012:

Apartments

 
Typical apartment in Tallinn

120 euros

Other apartments in Tallinn

150 euros

New, special projects for exclusive apartments in Tallinn Price by agreement

Houses, parts of houses, terrace houses

 
In Tallinn

240 euros

Exclusive houses and villas in Tallinn Price by agreement

Summer houses

 
In Tallinn 240 euros

Lands, lots

 
In Tallinn starting at 240 euros
Industrial and commercial objects Price by agreement
Other objects and areas Price by agreement

Prices include VAT

Outside of Tallinn a distance fee will be added to the valuation fee:

Up to 20 km from Tallinn city centre up to 25 euros will be added.

20-30 km from Tallinn city centre up to 38 euros will be added.

Over 30 km from Tallinn city centre – price by agreement.

  • For appraisal of residential properties the prepayment is up to 50% of the valuation fee, non-refundable for cancelled orders.
  • For urgent order (work outside normal hours) up to 50% will be added to the price.
  • Discount for appraisal reorders 10-15%.
  • Different discounts are non-accumulatory.

We suggest the clients definitely ask for the personal price offer.

2. Price list in Tartu and South Estonia

Apartments

 
Typical apartment in Tartu

starting at 100 euros

Houses, parts of houses, terrace houses

 
In Tartu

starting at 180 euros

Exclusive houses and villas in Tartu Price by agreement

Summer houses

 
In Tartu starting at 180 euros

Lands, lots

 
In Tartu starting at 160 euros
Industrial and commercial objects Price by agreement
Other objects and areas Price by agreement

Prices include VAT 

  • Outside of Tartu a distance price by agreement will be added to the valuation fee.
  • For appraisal of residential properties the prepayment is up to 50% of the valuation fee, non-refundable for cancelled orders.
  • For urgent order (work outside normal hours) up to 50% will be added to the price.
  • Discount for appraisal reorders 30%.
  • Different discounts are non-accumulatory.

We suggest the clients definitely ask for the personal price offer.

3. Select a suitable service

Valuation of residential properties

The valuation of residential areas can usually be carried out within 2-3 working days. However, you should not leave the valuation to the last minute when there is a precise deadline, as during the peak seasons the appraisers are often overloaded with orders. Equally, review of the property, discussion of the valuation results in the valuation council and drafting of the valuation report are time consuming. Therefore, it is recommended to agree on specific dates for the valuation with the appraiser early on.

Valuation of commercial properties

In addition to the valuation of residential properties, we also perform valuations for all types of non-residential real estate properties, including production, storage and office buildings; commercial and rental properties; business land; superficies; lease contracts; business projects; etc. Alongside the valuation, this service often includes principal consultation and advice which requires time consuming preparation. That is why the date for fulfilling the order is not precisely defined, as it depends on how complicated the valuation is.

You can get more information directly from the appraisers of commercial properties.

Valuation within 24 hours

To fulfil our clients’ wishes we also accept urgent orders. In exceptional cases we also perform the valuation of mainly residential properties within 24 hours. We have set somewhat higher prices for valuations performed outside the regular waiting list.

In order to agree on the exact time and fee for the order, please contact the appraiser.

Oral valuation

Clients often need an expert opinion given as an oral evaluation of the market value of the property rather than on paper, drafted in an official style. It is also useful when drafting the initial loan application in order to avoid confusion about the market value of the property.

If it is necessary for the appraiser to visit the property, then the fee for oral valuation is up to 50% of the price in the price list of valuation services

4. Necessary documents

Valuation of an apartment

  • Documents proving the right of ownership – an extract from the land register or decision on entry in the land register, the sales contract of the apartment, or a certificate from the building register;
  • Other basic data that might influence the valuation (rent contracts, other obligations and limitations).

Valuation of a house and or summer house

  • Documents proving the right of ownership – an extract from the land register or decision on entry in the land register, the sales contract of the house, or a certificate from the building register;
  • Blueprints of existing buildings, or designs of inventory, presenting actual and correct data on the technical specifications of the buildings;
  • Plan of location, plan of the lot, and detailed planning if it exists;
  • Other basic data that might influence the valuation (rent contracts, limitations, other obligations).

Land valuation

Documents proving the right of ownership – an extract from the land register or a decision on entry in the land register;

  • Plan of location, plan of the lot, and detailed planning if it exists;
  • Other basic data that might influence the valuation (rent contracts, limitations, other obligations).

Valuation of commercial properties

Documents proving the right of ownership – an extract from the land register or decision on entry in the land register, the sales contract of the building, or a certificate from the building register;

  • Plan of location, plan of the lot, valid detailed plan(s), if in existance;
  • Documents reflecting the cash flow of the real estate (rent contracts, etc);
  • Other basic data which might influence the valuation (limitations, obligations, etc).