How Does a Real Estate Appraisal Company Work?

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Real estate valuation is a multi-disciplinary process that requires expertise and standards are certain. This process begins with providing the necessary information for the real estate.

Real estate appraisal companies, which prepare the real estate valuation report, which determines the value of the real estate independently and impartially, submit the relevant report to the requester by following the steps below:

  1. Request

    Application of the institution or person to the appraisal company with a request for appraisal (valuation).

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  2. Assignment

    The appraisal company assigns a real estate appraisal expert, who is responsible for the region where the relevant real estate is located and within its own body.

  3. Research

    The appointed expert sees the real estate in place in a short time and goes to the relevant state-municipal institutions and conducts research on the real estate.

  4. Preliminary Report

    Preparing a report considering the market value and legal status of the real estate.

  5. Auditor Review

    Submitting the prepared report to the authorized auditor and sending the report to the responsible audit specialist after the auditor completes the audits related to the report.

  6. Report Approval and Delivery

    Delivery of the report to the requesting person or institution after the responsible expert completes and signs the report by making final checks.