A historic property appraisal is very complex and requires a diligent effort. What is it for?
- Appraising to determine the market value – of course, you want to know how adequate the indicated price is for thechosen property.
- Appraising to pay the property sales tax. In some countries, like in Czech republic, you are obliged to pay tax for selling (purchasing) the property and it equals to 3% of the appraised value i.e. the appraisal shall be performed prior to state tax due.
- The appraisal is also essential for obtaining a mortgage credit. All banks, with no exception require carrying out of property appraisal while proceeding with the mortgage application.
- Particular attention should be paid to someone who will conduct the appraisal. For example, banks as a rule provide a list of accredited appraiser.If appraisal is necessary for determining the tax due, you can choose an expert yourself. However, in any case, it shall be a licensed appraiser.
For appraising a historic property we advise you to find experts who, in addition to having a standard certificate/license, also have a diploma in “Art” or “The history of architecture.”
Only such experts have all it takes to correctly appraise your castle, and not just have it as a concrete from cement and blocks, but as a piece of art and valuable site of European cultural heritage.