Compare property valuation options in Amsterdam

Start with purpose, recipient and valuation date

A useful comparison begins with the assignment. Write down why the valuation is needed, who reviews the report, which valuation date applies and whether validation is required. The current NHG overview of property valuations describes several methods. The lender decides which format is acceptable for your application.

At a glance: compare the report’s use and evidence. A method suitable for personal orientation may be insufficient for a financing file.

Three methods with different work processes

Physical valuation

The valuer visits the property and assesses relevant characteristics within the assignment. Ask what is inspected, which documents are used and how missing information is recorded. In an NHG file, independence, validation and report age form part of the current conditions.

Model-based valuation

A model-based valuation uses a valuation model and available property and market data. Ask which characteristics enter the model, what the result may be used for and what checks take place. The result has a defined field of use that should be clear before commissioning it.

Hybrid valuation

A hybrid valuation combines model information with human assessment. The balance between those parts and the acceptance can differ by file. Ask the recipient to confirm the applicable conditions before you agree to the work.

Compare on six fixed questions

1. Does the method fit the purpose of the application?
2. Is a visit, validation or professional registration required?
3. How old may the report be on the relevant valuation date?
4. Which documents and property details must be available?
5. Who receives the report and who may use it?
6. Which work, checks and exceptions fall within the assignment?

Record the answers in your file. Use the same property facts and deadline when comparing proposals. That keeps a price difference connected to a difference in work or conditions.

What a comparison cannot prove

A method can appear faster, broader or cheaper while still missing the needs of the file. A long report also tells you little when the purpose, date or recipient do not fit. Ask for the basis of the opinion and let the receiving party confirm acceptance.

Read the guide to mortgage valuation, the page on valuation reports and the explanation of costs before comparing proposals.