property appraisal
[/ˈprɒp.ər.ti əˈpreɪ.zəl/]
nounpl: property appraisals
avaliação imobiliária
1. A professional assessment of a real estate property's market value, typically conducted by a licensed appraiser for mortgage, insurance, or tax purposes.
The bank required a property appraisal before approving the mortgage loan.
O banco exigiu uma avaliação imobiliária antes de aprovar o empréstimo hipotecário.
2. The formal document or report that contains the estimated value of a property based on comparable sales, property condition, and market analysis.
The property appraisal came back higher than the asking price, which strengthened the buyer's negotiating position.
A avaliação imobiliária saiu mais alta do que o preço pedido, o que fortaleceu a posição de negociação do comprador.
Property appraisals are crucial in both American and Brazilian real estate transactions. In the USA, lenders typically require appraisals for mortgage approval to ensure the property value justifies the loan amount. In Brazil, avaliação imobiliária is essential for formal property transactions, financing, and taxation purposes, and must be conducted by licensed professionals registered with professional bodies.
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