Different assessment goals
- Buying an apartment in Israel
- Appraisal and value of an apartment
The appraiser is qualified to assess the value of the apartment for various factors.
Once the appraiser has assessed the market value of the apartment, he will put in the relevant considerations of the same factor, thus obtaining a different value for the same apartment.
For example, someone who is interested in an organized registration.
An apartment with a market value of NIS 1 million will decrease significantly if it is found that the apartment is not properly registered.
Or if an investor asks an appraiser to evaluate a particular apartment and give more weight to the yield component that the apartment will yield from renting it out. This too will affect or distort the market value of the apartment.
From this, we will understand that different bodies will receive different values for the same apartment. Mortgage banks, developers, passive investors and more, will receive from the appraiser a different amount of value for the same apartment.