Apartment appraisal for Sberbank of Russia without prepayment. IP Kiselev Roman Anatolyevich is officially accredited as an appraiser with Sberbank of Russia, and is one of the bank’s partners in the field of real estate appraisal

Why is real estate appraisal carried out by Sberbank, what depends on it

The assessment is required not only by Sberbank, but also by the borrower himself. It is important for the client to obtain real figures regarding the cost of the loan property. He sees them in the final report from the appraisal organization. The document along with the application is then sent to the legal service of Sberbank. There the data is checked, including a report with the assessment results.

Why is it so important to get accurate figures regarding the cost of real estate that is purchased with a mortgage without a contribution or with it:

• The exact amount of the loan depends on the amount in the report. After all, it is for housing that a loan is issued for its purchase. This means that its market price is important, which is indicated in the report. The larger it is, the higher the size of the mortgage issued by the bank.
• Down payment amount. Yes, the terms and conditions indicate the minimum amount in %. But it is calculated based on the size of the loan. And it, as we wrote above, depends on the estimated value.
• Collateral price. The terms of the mortgage provide not only guarantors (sometimes), but also other guarantees. This applies specifically to collateral. In a mortgage loan, this would be the property itself. Its price is indicated in the loan agreement. Although it is purchased with a mortgage, it is also considered collateral. And its market value depends on the assessment. When the borrower is unable to pay the mortgage, the square meters are sold by auction or at the request of the client. The amount must be compared with the previously conducted appraisal examination.

As for the assessment itself, it is not just professional, but also corresponds to the market situation. That is, the expert compares all offers on the market, other factors, and draws up a report. He must provide adequate figures and not exaggerated or underestimated ones. This is important for all parties - both the bank and the borrower. To receive a professional report, clients order it from Sberbank (from partners), or from other licensed organizations. In the latter case, they are verified by the bank.

Documents required for mortgage assessment

An independent assessment is carried out strictly within the framework of the law and bank standards, therefore the following documents are required for its implementation:

For secondary housing and private houses:

• A copy of the certificate of state registration of title (any other document confirming ownership rights);
• A copy of the technical passport (apartment plan with dimensions);
• A copy of the borrower’s (main borrower’s) passport;
• A copy of the cadastral passport (at the request of the bank, not required for assessment).

For new buildings:

• A copy of the borrower’s (main borrower’s) passport;
• Copy of DDU (Equity Participation Agreement);
• A copy of the acceptance deed;
• A copy of the explication and floor plan for the apartment;
• A copy of the cadastral passport (at the request of the bank, not required for assessment).

Apartment appraisal for Sberbank accredited companies - list

When you apply for a mortgage, they are sent to the bank's legal department along with an appraisal report. It is carefully checked, as is the organization itself that carried it out. If the company was there, which is on the list of recommended ones by the bank itself, then everything is much simpler. They have already been verified and received confirmation.

The list of appraisal organizations cooperating with Sberbank itself is easy to find. It is presented on his website. But if you have already gathered in the department, then he will be presented there too. At a minimum, they will name a list of organizations or show a list of them with a description of each. The borrower has the opportunity to choose the company independently.

He can even suggest his own appraiser if he trusts him more - an organization or a private specialist. But then he should submit his certificate given to Sberbank. After receiving confirmation, the appraiser is authorized to work on your mortgage property.

As for the partner organizations listed on the Sberbank website, they have also been verified:

1. They have confirmation status from Sberbank. The period until which it will be valid is indicated. That is, the status is assigned for some time, and not forever. Companies are audited periodically, not just once.
2. Provide a qualification certificate. Information about him is listed in Sberbank.
3. They have an insurance policy, and the date of its completion is also listed in the database.

Consequently, all organizations have been verified and have the right to conduct expert assessment activities.

Costs for appraising an apartment

The cost of the report depends on the company, the subject of assessment and the region of residence of the client. The price can vary from 5 to 50 thousand rubles. The first figure is relevant for small villages far from the capital, while the second is more suitable for Moscow.

During the assessment and the accompanying hassles, all sorts of controversial and problematic situations may arise, including those associated with fraud. At a free consultation, lawyers will discuss all the important nuances of the procedure. They are also ready to act as client representatives in negotiations with a bank, seller or appraisal company. This usually helps eliminate possible problems, and in some cases even reduce costs.

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Natalya Fomicheva

Website expert lawyer. 10 years of experience. Inheritance matters. Family disputes. Housing and land law.

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What is a report and assessment of housing with a Sberbank mortgage

A real estate valuation report is not a one or two page document, but a full-fledged work of experts. It contains everything - from a description of the task itself, its purpose to calculations using various methods. The document is needed not only by the client, the bank, but also by its individual service. It is Sberbank lawyers who check the report itself, the mortgage application, and the package of documents.

The assessment results are also checked by Sberbank lawyers. It doesn’t matter which organization conducted it – the one included in the recommended list or another. In any case, the report is carefully reviewed to determine whether the calculations were carried out correctly and whether they correspond to the situation on the real estate market (real prices).

The report also includes copies of documents submitted by the borrower himself. They relate to the client and the property for which the mortgage will be issued. The appraisers' calculations are presented along with references to methods, laws, assumptions and limitations. That is, the report is the result of the work of experts, which describes the process itself. What points are included in the document, read below.

Valuation of a new building for Sberbank

Interest in the primary real estate market is very high in our country. This is due to the fact that you can purchase modern housing as profitably as possible. Unfortunately, not everyone has the opportunity to buy it right away, so many decide on loans and mortgages. If you take out an apartment in a new building with a mortgage, you will need an assessment of its value in order to leave it as collateral.

If you decide to take out a mortgage on a new building, then most likely you turned to Sberbank for this, where your loan specialist indicated an apartment appraisal report in the list of required documents.

Interesting:

According to statistics for 2020, about 60% of the working population already has bank loans. Of these, almost 50% turn to Sberbank.

What is an assessment of a new building for Sberbank?

According to Sberbank requirements, a mortgage on an apartment must contain an assessment of the market value of the property on which the mortgage is approved. The availability of a report on the assessment of the market and liquidation value of the apartment for registration of a mortgage is one of the mandatory requirements of the current legislation of the Russian Federation when drawing up a mortgage.

It is worth noting that, like any other bank, Sberbank does not accept any report. As a rule, large banks prefer to work only with those appraisal companies and appraisers who are accredited by them, that is, they have undergone a thorough check of the quality of the reports they produce and their compliance with all requirements.

Ours is one of such companies. We have been working with Sberbank for about 10 years and know all its assessment requirements and always fulfill them.

How is the assessment done?

When you contact an appraiser, be sure to inform him of the purpose of the appraisal and better specify which bank you will have mortgage lending with. Appraisers who specialize specifically in real estate valuation, as a rule, are aware of the additional reporting requirements of a particular bank.

Preliminary stage:

Before starting the report, the appraiser will ask you to collect the necessary documentation for the apartment:

• Equity Participation Agreement (PAA)
• Certificate of acceptance and transfer of apartment from the developer
• Explication with floor plan

The next mandatory stage of the assessment is a visit to inspect the property. As a rule, it is carried out by appraisers themselves or by their assistants.

An inspection is necessary to identify the apartment by photographing it, as well as to more accurately determine the general condition of the object and its compliance with the parameters stated in the documents.

Settlement stage:

After inspecting the apartment, the appraiser begins to study the real estate market in the primary housing segment and the economy in this area as a whole in the given region. Analogue objects are selected, the data of which will be taken into account when carrying out calculations; usually 3-4 analogues are selected.

When making calculations, the appraiser determines not only the market value of the apartment, but also the liquidation value, that is, the price at which the object can be sold in the shortest possible time, and it is usually lower than the market value.

Knowing the liquidation value allows the bank to determine the possibility of covering losses in the event that for some reason you stop paying the loan. Then the bank will be able to terminate the contract and sell this apartment, and you will not remain a debtor.

Case from practice:

In the spring, a client contacted our company. He had a difficult situation. To get the amount he needed from the bank, he had to reach a certain price for an apartment in a new building, but another company could not do this. Luckily for him, he called us, and our specialists once again showed their professionalism, managing to calculate the required cost of the new building. As a result, the client received the funds he expected.

What does the client get?

The result of the appraiser's work is a report that you can provide to the bank's loan officer.

The apartment assessment report itself looks like a printed document consisting of approximately 70-80 A4 sheets. The report must be numbered and bound. And also certified with the seal and signature of the appraiser.

The completed mortgage appraisal report consists of the following sections:

• Information about the Appraiser and the Customer
• Characteristics of the subject of assessment
• Review and analysis of the real estate market
• Analysis of object liquidity
• Rationale for the assessment methodology
• Determination of market value
• Determination of liquidation value
• Appraiser's documents: Diploma, Certificate of membership in SRO, Extract from the SRO register, Compulsory appraiser liability insurance policy
• Company documents: OGRN, INN/KPP, Insurance policy
• Customer documents: title and technical documentation for the apartment
• Photos of the apartment

What is included in the apartment assessment report in Sberbank - points

A report is understood as a finished document with the results, which describes the process itself, the calculation methods used, and the laws and standards used. It includes the following sub-items:

1. Terms of reference from Sberbank, which indicate the purposes of the assessment. For example, it is indicated that it is required to obtain the market value of the property in numbers in order to issue a mortgage to the client based on these data.
2. Final estimated value.
3. Qualitative and quantitative indicators, results.
4. Calculation methods, approaches used. Why was a particular one chosen in the end?
5. What betrothals and assumptions were used.
6. Standardization - list.
7. Name of the parties - appraiser, customer.
8. Documents from the bank and its client relating to the mortgage, the subject of assessment, including title papers (copies).
9. Application, real estate photos.
10. Characteristics.
11. All calculations made, and in different ways and methods.
12. Analytics of the market - that part of it to which housing is related.
13. Explanations from the appraiser.
14. Other points.

You see that the report is a large-scale work that allows you to make a thorough analysis and assessment of mortgage real estate. It is unlikely that a realtor or other specialist would be able to carry it out. That is why specialized organizations with a certificate are involved.

Example of apartment evaluation

For clarity, we will give an example of appraising an apartment based on existing analogues. Let's assume that you need to evaluate a house with an area of ​​50 sq.m., located in a picturesque area, but without renovation, in a rough finish. Similar analogues can be found in almost all cases:

Most often, no more than three analogues are used. Less is used only when analogues cannot be found (which sharply reduces the relevance of this assessment method). More is used when the price range is too large.

The average cost of 1 square meter, taking into account correction factors, will be: (50000+45000+48000)/3=47667 rubles. In total, the market price of the valuation object will be equal to 47667*50=2383350 rubles.

Additionally, the bank may apply other adjustment factors. For example, the fact that during the term of the loan agreement the house will wear out and the apartment will automatically fall in price. There may also be other factors, such as trends in rising or falling housing prices in the region and so on. These figures are calculated separately and depend directly on the bank’s internal standards.

Mortgage and property valuation under mortgage Sberbank

Sometimes you need to get a loan not for the real estate itself, but simply for an impressive amount. A consumer loan can be large, but often not that much is actually issued. Then a mortgage loan is suitable, even from Sberbank. In order for him to give out as much money as possible, guarantees should be provided to him. These include your real estate, which will be the collateral. A large loan is issued against it. It is called mortgage, less often - consumer.

But even if you have a house, apartment, or other housing, no one will just give you money for them. They need to be assessed correctly so that the bank receives an accurate final market value. It is indicated on the mortgage itself. This document is attached to the loan agreement. In it you will see that your home is temporarily listed as collateral. Its value is indicated based on the appraisal report.

In order for Sberbank to issue a loan, it needs grounds. First, it requires not only to hand over documents, but to write a statement. It is important to order an assessment for a future mortgage from Sberbank. For this purpose, organizations are offered either by the bank itself, or by third parties (an offer from an applicant for a loan). Borrowers often choose the first option.

Mortgage appraisals are carried out by specialized organizations that are supported by Sberbank itself. They will give you an appraisal report for the mortgage. More precisely, you need to select one company or private expert on the bank’s list. After their work, all that remains is to wait for the final result. When the borrower is satisfied with the price indicated in the report, he gives a final agreement. Sberbank draws up an agreement for him and issues loan money. The mortgage is terminated and becomes void once the entire debt is paid.

Service cost

For an individual inspection, the cost of an assessment report starts from 2,700 rubles. depending on the purpose of the assessment. When inspecting more than one apartment in neighboring buildings during one visit, a system of discounts applies. The price includes inspection and photographic recording of the property, the original report and its electronic version in the DOMKLIK system, a cover letter for the apartment assessment report. If necessary, an urgent assessment of the apartment can be performed, the possibility of preparing a report from the moment of inspection to the completion of work is no more than 4 hours.

conclusions

A mortgage is issued after checking a whole package of documents by the bank’s legal service. It also includes a property assessment report. It indicates the price of housing purchased with a loan from Sberbank. The same applies to those who receive money thanks to a mortgage. Then you also need an assessment. It is carried out by individual organizations with a certificate. Sberbank already has a list of those who are confirmed by it.