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Crown Property Appraisal Corporation, Unit Herrera Tower, Rufino cor. Valero Sts., Salcedo Village (2026)

18/05/2024

IMMEDIATELY HIRING

REAL ESTATE APPRAISER / PROPERTY VALUATION

Duties and Responsibilities but not limited to:

• To provide an unbiased, comprehensive and expert opinion about a specific value of a real property, based on internationally accepted standards of valuation and in accordance with the Philippine Laws.
• To conduct ocular site inspection and identify its property type.
• To perform measurements and calculations of building improvements.
• To research, source and analyze comparable property values.
• To communicate findings orally and in written form to clients.
• Other duties and responsibility include:

- Identify and/or describe the conditions and characteristics of the assets that are relevant to the purpose of the appraisal.
- Document the details of the valuation procedures and the various assumption and parameters used in the valuation exercise.
- Writing reports of properties' estimated values.

Qualifications:

• Degree in Engineering – preferably Civil or Mechanical; BS – Real Estate Management or equivalents
• With or without experience;
• Licensed Real Estate Appraiser or Registered CE or ME is a plus
• Knowledgeable in Microsoft Office applications
• With report writing skills to exercise sound judgment and decision making to produce accurate and high quality valuation reports
• With good analytical and interpersonal skills/results oriented.
• Demonstrates excellent communication skills, both written and verbal, and the ability to build and nurture relationships at all levels
• Can work under pressure and can render overtime, if needed
• Must be willing to travel anywhere in the Philippines for site inspections.

Send your CV / Portfolio to:
[email protected] or at
Unit 2306, Herrera Tower, VA Rufino cor Valero Sts.
Salcedo Village, Makati City

18/11/2023

Industry expert, seasoned appraiser, and one of CPAC’s VP - Mr. Raffy Cenzon, sharing his knowledge about appraisal to a local financing company.

📣 Need help with appraisal/asset valuation requirements?

Contact us:
+63 966 370 2884
[email protected]

29/08/2023

If a vehicle is declared 'total wrecked' - does it still have value?

A vehicle that is completely wrecked can still have some residual value, but that value is typically quite limited. When appraising a severely damaged or "total wrecked" vehicle, several factors are considered to determine its value:

* Salvage Value: The most common approach is to assess the salvage value of the vehicle. Salvage value is the amount that can be obtained by selling the vehicle's parts or scrap metal. This value is often determined by salvage yards or auto dismantlers who purchase damaged vehicles for their components.�

* Market for Parts: Some vehicles may have valuable parts that can be salvaged and sold individually. High-demand components like engines, transmissions, or electronics can fetch a higher price.�

* Rare or Classic Vehicles: In the case of rare or classic vehicles, even if they are severely damaged, there might be collectors or enthusiasts interested in purchasing them for restoration purposes. The value in such cases is influenced by the rarity and historical significance of the vehicle.�

* Insurance Settlements: If the vehicle was involved in an accident, its value might be determined by the insurance company as part of a settlement. This value is typically based on factors such as the pre-accident condition of the vehicle, its age, and market value.�

* Local Market Conditions: The value of a wrecked vehicle can also vary depending on the local market conditions, including the availability of salvage yards and demand for used parts.�

* Scrap Metal Prices: The value of the vehicle's scrap metal can fluctuate based on market conditions for metals like steel or aluminum.�

It's important to note that the value of a severely damaged vehicle is usually significantly lower than the value of the same vehicle in good condition. Additionally, the costs associated with towing, storage, and any necessary repairs to make the vehicle roadworthy again can further reduce its net value.

Ultimately, the appraisal of a wrecked vehicle is a complex process that takes into account various factors, and the value will depend on the specific circumstances and local market conditions. An appraiser's role is to provide a fair and accurate assessment of the vehicle's worth in its current condition.
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Want to know the value of your asset? Contact us:
+63 966 370 2884
+63 2 8893-3679
[email protected]

07/08/2023

What is depreciation, and how does it impact property valuation?

Depreciation is a concept used in accounting and finance to describe the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors that affect its usefulness and marketability. Depreciation is commonly associated with tangible assets, such as buildings, machinery, vehicles, and equipment, but it can also apply to intangible assets like patents and copyrights.

In the context of property valuation, depreciation plays a significant role as it affects the overall worth of a property. There are three main types of depreciation that impact property valuation:

*Physical Depreciation: This type of depreciation is related to the wear and tear a property experiences over time. It includes the natural deterioration of the building's structure, materials, and systems due to age, weather, and regular use. Physical depreciation may result in the need for repairs, replacements, or renovations to maintain the property's functionality and appearance.

*Functional Obsolescence: Functional obsolescence occurs when a property's design or features become outdated or less desirable, leading to a decrease in its market value. This can happen when the property lacks modern amenities, has an inefficient layout, or doesn't meet current building standards and codes. As newer properties with better functionality become available, the older property's value may decline.

*External Obsolescence: External obsolescence refers to factors outside the property that negatively impact its value. These external factors may include changes in the neighborhood, economic conditions, zoning regulations, or environmental issues. For instance, the construction of a noisy highway nearby or a decline in nearby property values can lead to external obsolescence and reduce the property's worth.

When appraising a property, a qualified appraiser takes into account the various forms of depreciation to determine the property's current value. Understanding depreciation helps appraisers and real estate professionals arrive at a fair market value for the property based on its condition, age, and other relevant factors. Property owners can use this information to make informed decisions about selling, buying, or investing in real estate and to assess the potential return on investment.

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Want to know the value of your asset? Contact us:
+63 966 370 2884
+63 2 8893 3679
[email protected]

28/07/2023

What is the importance of asset valuation in financial reporting?

1. Accurate financial statements: Asset valuation helps ensure that the value of assets stated in financial statements is accurate. This is important for providing a true and fair view of a company's financial position.

2. Investor confidence: Companies need to report their asset values to give investors and stakeholders confidence in the financial health of the business. Accurate asset valuation provides transparency and helps build trust with investors.

3. Strategic decision-making: Asset valuation provides insights into the value of a business beyond just balance sheet figures. It helps owners understand where they stand against competitors and equips them with critical knowledge for making strategic decisions on managing existing resources or acquiring new ones.

4. Mergers and acquisitions: Accurate asset valuations are crucial when considering a merger or acquisition. They help determine fair pricing for both parties involved in the deal and ensure that the transaction is based on the true value of the assets.

5. Financing and investment: Having an up-to-date asset valuation report can be beneficial when seeking financing or investment. It demonstrates the overall health of the business and its potential profitability, which can attract lenders or investors.

6. Taxation: Asset valuation is important for calculating taxes related to assets owned by a company. Accurate valuation helps ensure that the appropriate taxes are paid based on the value of the assets.

7. Insurance purposes: Asset valuation is also relevant for insurance purposes. It helps determine the value of assets that need to be insured, ensuring that they are adequately covered in case of loss or damage.

Overall, asset valuation plays a crucial role in financial reporting by ensuring accuracy, building investor confidence, supporting strategic decision-making, facilitating mergers and acquisitions, attracting financing and investment, aiding in tax calculations, and assisting with insurance coverage.
___________
Want to know the value of your asset?
Contact us:
+63 966 370 2884
+63 2 8893 3679
[email protected]

26/07/2023

🏠 What factors can negatively impact the value of a property during an appraisal?

*Poor Condition: The overall state of the property plays a significant role in its appraisal value. Properties in disrepair or requiring major repairs may receive a lower appraisal.

*Outdated Features: Homes with outdated fixtures, appliances, or design elements might not hold the same value as modernized properties, as buyers often prefer updated features.

*Unfavorable Location: The property's location is crucial. A less desirable neighborhood or an area with high crime rates can negatively impact the appraisal value.

*Weak Market Conditions: The state of the real estate market at the time of the appraisal can influence property values. A buyer's market with less demand may lead to lower appraisals.

*Low Comparable Listings : Appraisers consider recent listings of similar properties (comps) in the area. If recent listings are lower, it can affect the appraisal value.

*Economic Factors: Economic stability, job market conditions, and interest rates can affect property values. A weak economy can lead to lower appraisals.

*Environmental Issues: Properties prone to natural disasters or with environmental contamination may receive lower values due to potential risks and insurance costs.

*Zoning Restrictions: Zoning regulations may limit a property's use or development potential, impacting its value.

*Functional Obsolescence: Features that are outdated or impractical can reduce a property's value. For example, an awkward layout may negatively impact the appraisal.

*Overimprovements: While improvements can increase value, overimproving beyond the norm for the neighborhood might not yield a full return on investment and could lead to a lower appraisal.

Stay informed about these factors for a better understanding of your home's value!
_______
Want to know the value of your asset?
Contact us:
+63 966 370 2884
+63 2 8893 3679
[email protected]

07/07/2023

What happens if the appraised value is lower than the agreed purchase price?

If the appraised value is lower than the agreed purchase price, it can have various implications for the parties involved in the transaction. Here are a few possible scenarios and their potential outcomes:

Buyer's Perspective:
* Renegotiation: The buyer may choose to renegotiate the purchase price with the seller based on the appraised value. This can involve a reduction in the purchase price to align with the appraised value or negotiating other terms of the agreement, such as repairs or additional contingencies.
* Additional Funds: If the buyer is determined to proceed with the purchase at the agreed price, they may need to provide additional funds to cover the difference between the appraised value and the purchase price. This means the buyer would need to pay more out of pocket or secure additional financing.

Seller's Perspective:
* Price Adjustment: The seller may agree to lower the purchase price to match the appraised value if they are motivated to sell the property and consider it a fair adjustment.
* Seeking Another Buyer: The seller may decide to find another buyer who is willing to pay the agreed purchase price, irrespective of the appraised value. This would involve terminating the existing agreement with the initial buyer.

Lender's Perspective:
* Financing Limitations: If the buyer is relying on financing from a lender, the lender may only be willing to provide a loan based on the appraised value. This can lead to financing challenges for the buyer, as they would need to secure additional funds or explore alternative financing options.

It's important to note that the specific outcomes will depend on the terms of the purchase agreement, the motivation of the parties involved, and their willingness to negotiate. Real estate transactions often involve negotiations and potential compromises to reach an agreement that is acceptable to all parties. Consulting with real estate professionals and legal advisors can provide guidance on how to navigate such situations and explore the available options.
_________

Want to know the value of your asset? Contact us:
+63 2 8893 3679
+63 966 370 2884
[email protected]

05/07/2023

What are the common legal ownership documents for real estate properties in the Philippines?

In the Philippines, there are several common legal ownership documents for real estate properties. These documents serve as proof of ownership and are essential for conducting transactions involving real estate. The following are some of the common ownership documents:

1. Transfer Certificate of Title (TCT): TCT is the most common form of title for land in the Philippines. It is issued by the Register of Deeds and contains detailed information about the property, such as its location, boundaries, area, and encumbrances. TCT is used for private land.

2. Condominium Certificate of Title (CCT): CCT is issued for condominium units. It serves as evidence of ownership of a specific unit in a condominium project. The CCT includes details about the unit, its location, boundaries, and percentage share in the common areas of the condominium.

3. Original Certificate of Title (OCT): OCT is an older form of land title in the Philippines. It is gradually being converted to TCT. OCT is issued for properties that have not been transferred or subdivided since the implementation of the Torrens system of land registration.

4. Tax Declaration: Tax Declaration is a document issued by the local government assessing the property for taxation purposes. It contains information about the property, such as its assessed value, location, and the name of the owner. However, a tax declaration alone does not serve as proof of ownership.

5. Deed of Sale: A Deed of Sale is a legal document that records the transfer of ownership of a property from the seller to the buyer. It contains details of the transaction, such as the parties involved, the purchase price, and a description of the property being sold.

6. Deed of Donation: A Deed of Donation is a document used when a property is being donated to another person or entity. It outlines the terms and conditions of the donation and establishes the transfer of ownership.

These are some of the common ownership documents in the Philippines. It's important to consult with a qualified lawyer or real estate professional to ensure that all necessary documents are properly obtained and verified when dealing with real estate transactions.
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Want to know the value of your asset?
Contact us:

+63 2 8893 3679
+63 966 370 2884
[email protected]

27/06/2023

How long is the validity of an appraisal report?

The validity period of a property appraisal can vary depending on the purpose and the specific circumstances. Generally, an appraisal is considered valid for a certain period, typically ranging from three to six months. However, it's important to note that the timeframe can be subject to various factors and considerations:

1. Market Conditions: The validity of an appraisal may be influenced by market fluctuations. If the real estate market experiences significant changes within the validity period, such as substantial price increases or declines, the appraisal may become less reliable or outdated.

2. Purpose of the Appraisal: The intended use of the appraisal can impact its validity. For certain purposes, such as mortgage financing or insurance coverage, lenders or insurance providers may require a more recent appraisal, often within the last 90 days.

3. Property Characteristics: The uniqueness of the property being appraised can affect the appraisal's validity. Unusual or specialized properties, such as historic buildings or properties with specific features, may require more frequent appraisals to reflect their distinct characteristics accurately.

4. Regulatory Requirements: Some jurisdictions or regulatory bodies may have specific guidelines or regulations regarding the validity of property appraisals. It's essential to be aware of any regional or local requirements that may impact the timeframe.

5. Changes in Property Conditions: Significant changes in the property, such as renovations, additions, or damages, can affect its value. If substantial alterations occur after the appraisal, a more recent appraisal may be necessary to reflect the updated condition and value of the property.

Ultimately, the validity of a property appraisal depends on multiple factors, and it's crucial to consider the specific circumstances and requirements of the appraisal's purpose. If there are uncertainties or changes, consulting with a qualified appraiser or relevant parties involved can provide more accurate guidance regarding the appropriate validity period.
_______
Want to know the value of your asset?
Contact us:
+63 966 370 2884
+63 8893 3679
[email protected]

21/06/2023

How to know the highest and best use of a property?

Determining the highest and best use of a property involves a comprehensive study and analysis of several factors. Real estate consultants, advisors, and appraisers use four criteria to determine the highest and best use of a property

1. Legally permissible: This criterion considers the zoning laws, building codes, and other legal regulations that apply to the property.

2. Physically possible: This criterion considers the physical characteristics of the property, such as its size, shape, topography, and access. These can help determine what type of development is physically practical for the site.

3. Economically viable: This criterion considers the costs associated with developing the property, such as construction costs, financing costs, and operating costs, and determines whether the development is financially viable.

4. Maximally productive: This criterion considers the use that will generate the highest return on investment for the property owner over a given period of time.

It's important to note that determining the highest and best use of a property is not an exact science and can be subjective to some extent. Market conditions, regulations, and other factors may change over time, affecting the property's potential use and value. Therefore, it's advisable to regularly reassess the highest and best use of a property to align with evolving market dynamics and trends.

Engage the services of a qualified real estate professional, such as an appraiser or a real estate consultant, who possesses local market knowledge and expertise. They can provide a thorough analysis of the property's highest and best use based on their experience and access to relevant data.
___________

Want to know the value of your asset? Contact us:

+63 966 370 2884
+63 2 8893 3679
[email protected]

20/06/2023

What are the risks if you do not regularly update the value of your assets?

The cost of not conducting regular appraisals can be significant and result in missed opportunities, financial losses, and other negative consequences. Let's explore some examples:

1. Underestimating Property Value:
In real estate, failing to appraise property accurately can lead to undervaluation. This means that individuals or businesses may sell their assets for less than their true worth. For example, a homeowner who sells their property without a recent appraisal might settle for a lower sale price, unaware of its true market value. By not appraising the asset, they incur a financial loss.

*Regular property appraisals help owners understand the current market value, enabling them to make informed decisions about selling, refinancing, or leveraging their assets.

2. Inaccurate Insurance Coverage:
Assets need to be properly insured to mitigate risks. Without up-to-date appraisals, individuals and businesses may be underinsured, leading to insufficient coverage in case of loss or damage. For instance, a business might fail to appraise new equipment and continue with outdated insurance coverage. If a disaster occurs, the business may not receive adequate compensation for the lost assets, resulting in financial strain and potential closure.

*Regular appraisals ensure that insurance coverage accurately reflects the value of assets, providing appropriate protection and financial security.

3. Estate Planning Pitfalls:
In estate planning, accurate appraisals are crucial for fair distribution of assets among beneficiaries. Without proper appraisals, disputes and legal challenges can arise. For instance, if a family member passes away and their estate was not appraised, disagreements among heirs may arise regarding the value of assets, leading to costly legal battles and strained relationships.

*Regular appraisals assist in estate planning by ensuring the fair distribution of assets, minimizing disputes, and providing clarity for beneficiaries.

4. Investment Portfolio Evaluation:
Investors need to periodically appraise their investment portfolio to assess performance and make informed decisions. Neglecting this evaluation can result in missed opportunities or holding onto underperforming assets. For example, an investor may hold onto a stock without monitoring its value, failing to recognize a declining trend and missing out on selling at a favorable price.

*Regular portfolio appraisals enable investors to make informed decisions, optimize their asset allocation, and capitalize on favorable market conditions.

Regular asset appraisals are essential for individuals and businesses to understand the value of their assets accurately. By embracing this practice, individuals and organizations can make informed decisions, mitigate risks, and maximize the potential of their assets.
_________
Want to know the value of your asset? Contact us:

+63 966 370 2884
+63 2 8893 3679
[email protected]

15/06/2023

What is the importance of valuation in mergers and acquisitions?

Valuation is an important part of mergers and acquisitions (M&A) as it guides the buyer and seller to reach the final transaction price. The importance of valuation in mergers and acquisitions can be explained as follows:

1. Determining the value of the company: Valuation is a set of procedures that estimate the economic value of an owner's interest in a business. The value of the company is determined based on the purpose for which it is getting merged or acquired.

2. Negotiating the transaction price: The acquirer will want to purchase the target at the lowest price, while the target will want the highest price. Valuation helps both parties to negotiate the transaction price based on the value of the company.

3. Identifying weaknesses and opportunities: Valuation can help business owners identify weaknesses in their business, make better financial decisions, and provide them with an opportunity to implement informed strategies for improvement moving forward.

4. Preparing for sale: Understanding the value of the company will help business owners be prepared to sell the business and understand what it is worth when the time comes.

5. Assessing operational inefficiencies and areas of risk: Business valuation professionals can identify operational inefficiencies, areas of risk, and ways to create stronger cash flows.

In summary, valuation is important in mergers and acquisitions as it helps both parties to negotiate the transaction price, determine the value of the company, identify weaknesses and opportunities, prepare for sale, and assess operational inefficiencies and areas of risk.
__________
Want to know the value of your business/company? Contact us:

+63 966 370 2884
+63 2 8893 3679
[email protected]

Crown Property Appraisal Corporation

18/05/2024

18/11/2023

29/08/2023

07/08/2023

28/07/2023

26/07/2023

07/07/2023

05/07/2023

27/06/2023

21/06/2023

20/06/2023

15/06/2023

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