What is an Valuer Expert and what is their importance?

An Valuer Expert is a professional qualified to value movable and immovable property, rights or intangible assets, determining their market value or other variables of interest, objectively and backed by technical methodology. Their importance lies in providing clarity and precision in legal, economic or commercial matters where the valuation of assets is key.

Legal Perspective

From the legal point of view, the Valuer Expert intervenes in judicial or extrajudicial proceedings as an independent expert to determine the value of goods or assets in situations such as:

• Inheritances and partitions.
• Divorces and liquidation of companies.
• Foreclosures.
• Bankruptcy proceedings.
• Compensation or insurance disputes.

Technical Perspective

In the technical field, the Valuer Expert uses specialised tools and knowledge of:

• Valuation methods, such as the comparative method, the income capitalisation method or the cost method.
• Legal regulations and technical standards applicable to each type of property.
• Market analysis and economic factors that affect the value of assets.

The Evolution of his Speciality

The speciality of the Valuer Expert has evolved with the incorporation of technologies such as geographic information systems (GIS), comparative databases and specialised valuation software. In addition, international standards such as the International Valuation Standards (IVS) have increased the accuracy and uniformity of valuations.

What is the importance of the Valuer Expert in the Courts?

In court, the Valuer Expert plays an essential role in:

1. Dispute resolution: Providing impartial and informed analysis for judicial decision making.
2. Establishing values: Accurately determining the value of assets in property disputes.
3. Validation of evidence: Provides technical evidence supported by recognised methodologies.

What are the areas of work of the Valuer Expert?

• Real estate: Homes, commercial premises, land, industrial buildings.
• Movable assets: Vehicles, machinery, works of art, jewellery, furniture.
• Intangible assets: Trademarks, patents, copyrights.
• Businesses and companies: Valuation of total assets, goodwill.
• Agricultural sector: Valuation of farms, crops, water rights.

What questions does the Valuer Expert answer?

• What is the market value of a property or asset?
• What factors affect the valuation of a property?
• Does the valuation conform to current regulations?
• Is the value assigned in an insurance policy, contract or agreement reasonable?
• What is the residual or depreciated value of an asset?
• Are there discrepancies in previous valuations?

What functions does the Valuer Expert perform?

• Inspection of the property: Detailed examination of the physical, legal and economic characteristics of the property.
• Application of methodologies: Use of specific techniques to determine the value of the asset.
• Preparation of the expert’s report: Document explaining the valuation process and the results obtained.
• Ratification in court: Presentation and defence of the expert’s report in court.
• Technical advice: Guidance in judicial or extrajudicial proceedings.

The Expert Report

The report prepared by an Valuer Expert includes:

1. Description of the property or asset: Details of its characteristics and conditions.
2. Methodology applied: Explanation of the valuation methods used.
3. Market analysis: Contextualisation of the value in the economic environment.
4. Results and conclusions: Final valuation and technical justification.
5. Annexes: Photographs, technical and legal documentation, references.

What are the specialities of the Valuer Expert?

• Property valuation: Valuation of land, homes, commercial and industrial buildings.
• Machinery appraisal: Valuation of vehicles and industrial equipment.
• Art and antiques: Valuation of paintings, sculptures and historical pieces.
• Jewellery: Determination of the value of precious pieces.
• Financial assets: analysis of business or market values.
• Agricultural appraisal: rural goods, exploitation rights and agricultural machinery.

When is an Valuer Expert required?

The Valuer Expert is required in:

• Judicial proceedings: property divisions, inheritance disputes, compensation.
• Mortgage purposes: Valuation of assets as collateral for loans.
• Insurance: Compensation adjustments for damages, theft or claims.
• Commercial transactions: company sales, mergers and acquisitions.
• Taxation: Valuation for taxes such as inheritance, donations or patrimony.

What are the services of the Valuer Expert?

• Valuation of real estate and personal property.
• Valuations for mortgage or financial processes.
• Judicial and extrajudicial valuations.
• Analysis of business assets.
• Review of previous valuation reports.
• Contradictory appraisals and judicial ratifications.

How much does an Valuer Expert cost?

The cost of the services depends on factors such as:

1. Type of property or asset: Real estate, machinery, works of art, etc.
2. Complexity of the valuation: Need for additional studies or detailed market analysis.
3. Purpose of the appraisal: Judicial, mortgage, commercial or tax use.
4. Urgency of the assignment: Appraisals carried out in short periods of time may increase the cost.

In general, fees range from 200 to 5000 euros, depending on the nature of the case.

How to become an Valuer Expert?

Requirements:

1. Academic background: Degree in disciplines such as engineering, architecture, economics, law or areas related to appraisal.
2. Technical specialisation: Courses in real estate appraisal, specific asset appraisal or judicial appraisal.
3. Professional qualification: Registration in a professional association or association of appraisers.

Complementary training:

• Training in current regulations and international valuation standards.
• Use of technological tools such as appraisal software and market databases.
• Practice in the preparation of expert reports.

Being an Valuer Expert implies a commitment to objectivity, technical knowledge and rigour in the valuation of goods and assets.