Licensed Real Estate Appraiser

A Licensed Real Estate Appraiser is a PRC-licensed professional who determines the fair market value of real property based on objective analysis of market data, property characteristics, and economic factors. Appraisers provide independent, unbiased valuations used in property transactions, financing, taxation, insurance, litigation, and investment analysis.

Common scenarios requiring a real estate appraiser: applying for a bank housing loan (banks require an appraisal to determine loan amount), buying or selling property (to establish fair price), estate settlement (determining property values for inheritance tax), property insurance (determining replacement cost), tax assessment disputes, litigation (property division, damages), and investment analysis. Banks typically require appraisals from their accredited appraisers.

Appraisers use three primary approaches: (1) Sales Comparison Approachu2014comparing the property to recently sold similar properties. (2) Cost Approachu2014calculating the cost to replace the property minus depreciation. (3) Income Approachu2014capitalizing the property's income-generating potential (used for rental properties and commercial real estate). For residential properties, the sales comparison approach is most common. The appraiser issues a written report with the valuation, methodology, and supporting data.

Real estate appraisal is regulated by RA 9646 (Real Estate Service Act / RESA Law) and the Professional Regulation Commission (PRC). Only licensed real estate appraisers can perform property valuations for government and financial institution purposes. The BSP (Bangko Sentral ng Pilipinas) requires banks to use accredited appraisers for loan collateral valuation. Appraisal fees typically range from PHP 3,000-15,000 depending on property value and complexity.

Appraised Value, Market Value, Zonal Value, Real Estate Broker, Bank Housing Loan