Real estate valuation
Valuation of commercial premises as our specialisation
Jyväskylän AG-Kiinteistöt Oy provides you with professional real estate valuation services. Our office is located in the center of Jyväskylä from where we operate in the whole area of Finland. Contact us and tell us how we can help you!
The entrepreneur Kari Mustonen has over 30-year-long extensive experience of real estate valuation. As one of the few persons in Middle Finland, Mustonen has the title of AKA (authorized property valuer), which he successfully obtained in 2002. The examinations for getting the title are held once per year by the Chamber of Commerce. Prerequisites for getting the title are education of construction engineer and prior performance of various valuation trainings. There are around 200 persons in Finland with the title of AKA. The AKA system is monitored and maintained by the central Chamber of Commerce.
What is property valuation and why use an authorized property valuer?
In real estate valuation the property valuer gives his well-argued opinion of the value of a real estate, the right to own real estate, or the value of a housing co-operative or a real estate corporation.
Finnish law doesn’t primarily require the valuator to be authorized. Nevertheless, the Securities Market Act and the laws concerning Property funds, Property investment and banking services of mortgage loans do mention situations where you must use an authorized valuator. If you want to make sure you’re getting a high-quality valuation report, keep in mind the following facts:
- An authorized property valuer must obey the rules, directions and instructions of the Chamber of Commerce’s Board of Property Valuation
- S/he obeys generally accepted valuation principles and International Valuation Standards (IVS)
- S/he educates oneself regularly
- His/her operations are being monitored
Fair and objective real estate valuation
Valuations are widely used and relied upon in various markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity. The International Valuation Standards (IVS) are standards for undertaking valuation assignments using generally recognised concepts and principles that promote transparency and consistency in valuation practice. The IVS also promote leading practice approaches for the conduct and competency of professional valuers.
Valuation report is the end product of property valuator’s work. This document is presented to the principal of the valuation and other possible parties. The report must include every information required for the real understanding of the document. Usually the market valuation must be determined. To evaluate the reliability and comparability of the report, description of the task, meaning, and usage of the report must come out. Moreover, all the assumptions, special assumptions, fundamental uncertainties, and restrictive terms and circumstances which have a direct effect on the valuation, must be stated.
Please contact us and ask more!
Interested? Leave us your contact information and we will get back to you.