APPRAISAL PROCESS (METHODOLOGY)

• STUDY PERTINENT DOCUMENTS

• LOCATION PINPOINTING
• TITLE VERIFICATION
• INSPECTION OF PROPERTY/IES
• APPLY APPROACHES TO VALUE
• CORRELATE VALUES & FINAL ESTIMATE
Property inspection
STUDY PERTINENT DOCUMENTS
a) Copy of title
b) Geodetic Engineer’s Plan
c) Floor Plan of the building
d) Tax Declaration of land & building
e) Tax Receipts
2) Pinpoint Location
a) Appraiser’s Plotting
b) Cadastral Reference Maps
c) Geodetic Engineer’s Plan
d) Base Topographical Map (Bureau of Technical Maps)
3) Check/Verify Title/s
- Check for liens, encumbrances, authenticity and continuity Inspect properties
a) Site Analysis (frontage, depth, elevation, condition of street)
b) Improvement (building features, age, condition)
c) Neighborhood (HABU Analysis)
Conduct Appraisal of a Property
1.Site Visitation
2.Measure boundaries

3.Measure building size

4.Notes the description of the land and improvements

5. Take pictures of the property

6.Notes neighbouring properties

7.Conduct market data & Market Research

Basic tools in conducting appraisal:
1. Copy of Title
2. Copy of Tax Declaration
3. Copy of Survey Map and Vicinity Map
4. Copy of Building Plan
5. Magnetic Compass
 6. Measuring Tape
7. Camera
8. Pencil and paper
Agencies to be visited:
1. DENR (survey map)
2. Assessor (tax mapping)
3. Building Official (building plan)
4. Register of Deeds (annotations)
5. HLURB (license to sell)
6. EMB (environmental clearance)
7. City Treasurer (unpaid tax
SITE IDENTIFICATION
Technical approach (Geodetic engineers)
• Relocation survey
• Verification survey
• Resurvey
Semi-skilled approach
• Maps and sketch plans, economic zone maps
• Magnetic compass and tape or pacing
• Tax map
Layman’s approach
• By the direction of owner, tenant, property manager, trustee and other knowledgeable person.