Appraisal of an apartment for Sberbank: accredited companies

Today, Sberbank is the most sought after bank among others. By the number of citizens who seek help in obtaining a mortgage, he surpasses his competitors in the financial market.

Valuation of property with mortgage lending is a common procedure. This is done in order to minimize all possible risks. Let us consider in more detail what constitutes an apartment appraisal for Sberbank.

Why do you need an assessment

When applying to a financial organization for registration of a mortgage on an apartment, the borrower may ask why it is necessary to evaluate the apartment? For Sberbank and other credit organizations, this is one way to protect themselves from malicious defaulters or those borrowers who find themselves in a hopeless situation and can no longer repay monthly payments.

For example, a certain family decided to purchase housing on a mortgage. The choice is made, only money is needed. People go to the bank, which provides them with the necessary amount. After some time, due to unforeseen circumstances, it turns out that the family is not able to pay monthly payments. Bank for non-payment sells this housing in order to pay back the loan. But the money from the sale may not be enough to fully repay the debt, and it turns out that the credit institution worked in the red.

And this is one example. And if there are not one or two such situations, then the bank will simply go bankrupt. For this, we need a preliminary assessment of real estate so that a financial institution can calculate all possible risks.

Evaluation Sequence

Appraising an apartment in a new building for Sberbank is not a complicated matter. All that is needed is to take your time and stick to some algorithm in your actions. Firstly, it is necessary to prepare all documents and a certain amount for valuation work.

And then the evaluation sequence will be as follows:

1. Signing of documents for the provision of appraisal work.
2. Payment of cash.
3. Waiting for evaluation work to end.
4. Receive report.
5. Providing a report to a credit institution.

It is worth a little emphasis on the payment of the evaluation procedure. Its sizes will vary from 2,500 rubles. up to 3,500 rubles. Everything will depend on the state of housing. If the appraisal company will have to travel to the region, then the cost of work may increase to 6,000 rubles. Valuation periods vary from one to three days.

What is indicated in the report

As mentioned above, the preparation and submission of a report is how the appraisal of an apartment for Sberbank ends. Accredited companies working with this financial institution must indicate the following information in the report:

• Information about the presence of a balcony or loggia.
• The total footage of all rooms.
• The technical condition of the living quarters.
• Ceiling height.
• Information about the layout of the apartment, which should correspond to the image on the plan of the BTI.
• Information about water supply, heating, power supply.
• The year the building was built, as well as the material from which it is made, and the type of flooring.
• The presence of parking, its appearance.
• The presence of underground facilities.
• The list of malfunctions, defectiveness of any premises in the apartment that require further repair work.
• Information about the condition of the building as a whole - the entrance, in which the apartment is located, and the front part.
• The presence of nearby metro stations, stops, roadway, shops, schools, kindergartens, etc.
• Price per square meter.
• Driving directions to the object.
• Real estate photos.

Documents

Appraisal of an apartment for Sberbank requires the collection and submission of the following documents:

1. A certificate of ownership or an annuity agreement, as well as a gift, equity or sale agreement. The equity agreement must contain all the necessary additional acts of surrender and acceptance of the object.
2. Documents provided by the Bureau of Technical Inventory, including the cadastral passport of the object, technical passport, explanations of the immovable object, its floor plan.
3. An identity document (for an individual), or a partner card with full details (for an legal entity).
4. Information about the presence of any encumbrances on this property (arrest, pledge, etc.).

If an apartment is being evaluated for Sberbank, then you need to be prepared to submit additional documents:

• death certificate of the previous owner (if on hand documents of inheritance);
• a complete list of real estate to be evaluated;
• the legal entity must provide a certificate of the date of registration, the book value and residual value of the property.

Valuation Companies

Appraisal of an apartment for Sberbank is carried out exclusively by appraisal companies that have passed the accreditation of this bank. The companies themselves do not belong to Sberbank itself and are independent, and the accreditation passed indicates that the appraiser has been verified by the bank and can be trusted.

At the same time, the minimum requirements that companies of appraisers must comply with are as follows:

• the presence of at least two people;
• the employee must have at least three years of work experience;
• the presence of insurance poles worth more than 3 million rubles .;
• the company must be a member of the SRO;
• the absence of any debts to Sberbank.

Naturally, the question arises of how to find the companies that evaluate the apartment for Sberbank? Accredited companies are listed on the bank’s website in the section “Register of Sberbank Appraisers”. This need is associated with more frequent cases of fraud and the development of all kinds of risks.

Why does the bank need such cooperation?

Appraisal of an apartment is a process in which in any case three parties take part: the borrower, the appraiser and the lender. If the outcome is positive, everyone remains the winner. A person receives the necessary amount for the purchase of housing, the bank - the confidence that the appraisal company did not fail him, and the latter, in turn, is rated for future work. Any oversight in the submitted report will entail a refusal to issue funds and withdraw accreditation.

Not every company can evaluate an apartment. The accreditation of Sberbank issued to the appraiser is a kind of confirmation of the honesty and experience of a company that knows all the requirements of this financial institution and fulfills them. Consequently, the borrower does not have to face the return of the report and its revision.