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Amfora is currently the only agency with authorized appraisers in Montenegro. We do appraisals of all types of real estate both in Budva and on the entire Montenegrin coast. Appraisal of the value of a property allows the owner to more easily form its selling or rental price. So, regardless of whether you need an accurate appraisal for personal needs, sales needs or loan approval, our agency evaluates professionally and reliably so that you can make the right decision more easily.

Who exactly is a real estate appraiser and why you need one

A real estate appraiser is a professional who, based on their qualifications, performs an objective assessment of various types of real estate, taking into account different factors and the current market conditions. They most often work in areas with which they are familiar, where they understand all the factors that can affect a property's value. The real estate market in Budva, and along the coast in general, will differ significantly from the real estate market in the northern and central regions. People typically seek the help of authorized appraisers for:
• forming the real selling price of real estate i
• obtaining a loan.
And how to prepare your real estate for sale, read in our blog.

What factors influence the price of a property during appraisal?

There are a number of factors that affect real estate prices, and our appraisers carefully analyze and observe each of them in order to form the most realistic price possible. Here we will list some of them:
1. Location is, as you can guess, the main factor that affects the price of real estate. It is clear that a property located in the center or its immediate vicinity has a higher value than one on the outskirts.
2. The quality of construction, or whether it is new or old, is another important factor.
3. Square footage and level of furnishing of the property.
4. Registration - significantly increases the value of the property. This means that real estate that is officially registered in the real estate cadastre has a higher price, and at the same time, carries the lowest risk when purchasing, because it guarantees that all ownership relationships rights are clearly defined and confirmed.

Three main methods used in real estate valuation

The main methods used by appraisers to assess the value of real estate are: comparative, yield and cost.
The comparative method of real estate valuation – as the name suggests – is based on comparing the sales prices of the same or similar real estate on the market. Using this method requires good knowledge and constant monitoring of market changes.
The yield method is most often used with commercial real estate because the value of the property is estimated based on its ability to bring profit to the owner.
The cost method involves a cost-static approach where the costs of building the facility are taken into account, and is often used for future investors.

Licensed appraisers for objective and accurate valuation of all types of real estate

Since we officially hold certificates for authorized appraisers, this makes us unique among real estate agencies in Budva, Montenegro. So, it is clear who you should contact if you are looking for professional help, based on true knowledge and the not-so-simple path that led us to this prestigious title. Candidates must meet several criteria in order to even apply for this certificate. After that, educational training is completed and a total of 12 exams are taken. Read more about it via the link: https://komoraprocjenitelja.me/sertifikat-procjenitelj-nekretnina/. 
We, as an agency, strive to provide our clients with the best possible service. By obtaining this certificate, we have proven our dedication, striving for continuous improvement of the quality of our services and high standards in the real estate market.

Contact us now and find out why we are leaders in the real estate market in Montenegro, because your property deserves the best!