{"id":17388,"date":"2014-03-17T10:30:31","date_gmt":"2014-03-17T08:30:31","guid":{"rendered":"https:\/\/www.olympicrealty.gr\/ektimiseis-akiniton\/"},"modified":"2019-12-04T22:53:06","modified_gmt":"2019-12-04T20:53:06","slug":"ektimiseis-akiniton","status":"publish","type":"page","link":"https:\/\/olympicrealty.gr\/en\/ektimiseis-akiniton\/","title":{"rendered":"Property Evaluation"},"content":{"rendered":"

\u2013 The purpose for evaluating a property.
\n<\/strong>The evaluation of the commercial value of the properties is being ordered for many reasons.
\nThe most important is the specification of a reasonable price, either for the purchase or for the sale of a property, and even for its lease.
\nIn parallel, the most common purpose of the evaluation is the specification of the investment value.
\nAlso, for those companies that have in their assets (fixed) properties, it is logical that the evaluation of their company equity is directly connected to the evaluation of their properties, which are being used either for private use or are being rented or leased.<\/p>\n

\u2013 Estimated Value for Buy\/Sale property.
\n<\/strong>The most important decision that an individual or a company has to take, is how reasonable \u00a0is the price that is being asked for a property (land, residence, office, shop). This means, that this particular vendor is aware of how the market of real estate works and isn\u2019t influenced by other parameters that are irrelevant with it (e.g. the subjectivity of aesthetics and location of the property, and the sentimentality that influences many sellers etc.)
\nThe purpose of the estate appraiser and especially by a well trained sworn valuer is to precisely define the critical parameters of its value and to conclude to a reasonable cash exchange for the transaction.
\nSimilarly, the same function is necessary for the determination of the purchase price to be asked by a seller in order to promote the property.<\/p>\n

\u2013 Estimated Value for Hire\/Lease Property.
\n<\/strong>The evaluation of the rent is of outmost importance for a proper tenancy or lease agreement either for a commercial or for a professional space. Its aim is to determine the market rent and hence the reasonable rent to be agreed on a fair and thus a long-term lease. Usually, it is applied on the last stage of the hiring procedure, after both parties have moved on to a preliminary agreement and remains the confirmation of the lease, its readjustment, the possible \u201cair\u201d payment and other provisions in the lease.
\nThe Olympic Realty is the most trusted advisor for the rent you have to pay or to collect from your property.
\nWe conduct assessments to evaluate the commercial real estate rents and to clarify aspects that are usually omitted in leases.<\/p>\n

\u2013 Methodology of Evaluations
\n<\/strong>The assessment reports that we conduct for determining the market value of the properties are based on the principles and ratings of the European and International Standards Appraisers TEGoVA\u00a0 \u201cThe European Group of Valuers\u2019 Association\u201d and of IVSC (International Valuation Standards Council).
\nIn addition, we follow the methodology of Certified Valuators (C.V.), that until recently was the only recognized body for property assessment for purposes of transparency in transactions and also we abide by the code of ethics of the Certified Valuators.<\/p>\n

The main evaluation methods that we use are:
\n<\/strong>\u2013 Comparative method
\n\u2013 Residual method
\n\u2013 Method of replacement cost
\n\u2013 Method of revenue or discounted cash flow.<\/p>\n

Each property is evaluated by different method as appropriate. The choice of the suitable method and the method of multiple evaluations is the result of many years of work and of our experience in technical and urban planning issues, so as to arise valid results regarding the market value and the estimated optimal use.<\/p>\n","protected":false},"excerpt":{"rendered":"

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