Residential
Property Valuation Services
Valuation Services
Within Double 8 Realty Co., Ltd , we have on staff, fully qualified and certified valuers (appraisers) who can provide clients with qualified appraisals, valuation and feasibility studies.
For a fee, we can provide our own internal valuation/feasibility reports to assist clients for non-loan or non-securities needs.
Scope of work
We can provide internal valuation services on property throughout Thailand.
We specialize in valuation reports covering:
- Residential properties: Houses/villas, townhouses, shop houses, condominium housing development projects, and apartments.
- Commercial properties: Office buildings, shopping complex
- Leasehold property: Valuation of leasehold and leased property
- Special property: hotels and resorts, golf courses etc.
Purposes of valuation cover the following :
- Sales and leasing valuation
- Investment return projections
- Development feasibility
Our valuation reports comply with the ‘ Valuation Standard and Practice of The Valuers Association of Thailand ' and ‘Thai Valuers Association' .
The valuation report will normally cover the following details:
1. Summary of the development project
2. Purpose of valuation
3. Scope and limiting conditions
4. Description of subject property i.e. type of property, site and location, public utilities and services, legal description and constraints
5. Basis of valuation and approach
6. Analysis and opinion of value
7. Date of valuation
8. Disclosure re conflict of interest, if the valuer has any interest to the subject property
Valuation Process
Upon receipt of our client's valuation instructions, which is corresponding to our proposal, the following steps are taken procedurally in our valuation:
1. Problem identification - to collect and analyze factual data about the property.
2. Valuer selection - to select an appropriate valuer having direct qualification to the subject property.
3. Site inspection & analysis - Inspect the property thoroughly including the site, area & shape, location, title deed, the right of property, known encumbrances, public utilities serviced to the subject property etc.
4. Market survey - to collect sufficient offers and transactions in relevant areas for analysis and understanding of the market and trends.
5. Checking for legal constraints - Town planning & zoning, state condemnation, building control regulations ect.
6. Analysis for highest and best use - To analyze the subject property in various prospects for best use according to factual data, conditions and legal constraints.
7. Final value estimation - through appropriate approaches for each type of property; Market comparisons approach, cost approach, income approach, re sidual method and profit method.
