Philippine Real Estate Appraisers (IPREA) (2024)

FAQs

Who can appraise my house in Philippines? ›

IPREA is a non-profit, valuer/appraiser professionals' organization based in UP Diliman. It is the sole Philippine member of the IVSC and the AVA.

a. Appraisal Fee – this is the cost to know the valuation of your property. It ranges from Php 3,000.00 to Php 5,500.00. Most major banks offer the same appraisal fees within Metro Manila and some banks like Metrobank waive this fee.

To perform a property valuation calculation in the Philippines, you can use the Comparative Market Analysis (CMA), cost approach, and income approach. You can also hire a licensed real estate property appraisal to assess the property's condition, location, size, and other factors.

For urban residential or commercial, the price would be around 10,000 Php per sqm; for suburban residential or commercial 2,500 to 3,500 Php per sqm; for agricultural land, the price will be below 1,000 Php per sqm and will get cheaper as you get farther away from towns and access becomes more difficult.

In a real estate transaction, the appraisal is typically ordered by the buyer's mortgage lender and paid for by the homebuyer. It's one of the buyer's many closing costs.

Real Estate Appraisal: Determine market value of residential and commercial real estate properties. Financial Modelling and Market Analysis: Assess feasibility and identify risks/opportunities of real estate investments. Due Diligence and Documentation: Ensure legal compliance of real estate transactions.

A certified appraisal costs money because a professional appraiser has to physically take the time to tour the home and do the research to complete a comprehensive report.

How do you know the market value of your home? ›

What Does a Home Appraiser Look At? A property's appraisal value is influenced by recent sales of similar properties and by current market trends. The home's amenities, including the number of bedrooms and bathrooms, the floor plan's functionality, and the square footage are also key factors.

If the real estate is an ordinary asset, the purchase is subject to (i) creditable withholding tax (CWT) of 1.5% to 6% depending on the status of the seller which may be offset against the seller's income tax due at the end of the taxable year,(ii) 12% value added tax, and (iii) 1.5% DST.

Real estate appraiser is a professional licensed by the Professional Regulation Commission (PRC) who, for a professional fee, compensation or other valuable consideration, performs or renders, or offers to perform services in estimating and arriving at an opinion of or acts as an expert on real estate values, such ...

Certified general appraiser.

They can appraise any real property, including residential, vacant land, and commercial property. In total, that is 100 course hours in addition to the 200 previous course hours. Additionally, the appraiser must carry out a total of 3,000 hours of experience in no less than 18 months.

- The appraisal right may be exercised by any stockholder who shall have voted against the proposed corporate action, by making a written demand on the corporation within thirty (30) days after the date on which the vote was taken for payment of the fair value of his shares: Provided, That failure to make the demand ...