Real Estate Appraisal



The economic and business activities are rapidly developing in Azerbaijan. This economic development increases demand for solid business plans, reliable credit system and property investments. Property valuations require experience and expertise to keep them up-to-date with market development. ERA Marketing Center offers valuation services to property owners. All of our agents are certified and received the best training available from the Azerbaijan Appraiser Association. Our extensive local market knowledge, database and experience help to provide buyers and vendors of property the highest levels of customer service. 


The services we provide:   

  • valuation of non-use of buildings and constructions  
  • valuation of residential buildings and constructions  
  • valuation of other real estate  
  • valuation of lands 


The documents required to start the evaluation process:  

  • The document which confirms the right of ownership of the assessed real property (Bill of sale)  
  • The technical passport of the real estate  
  • İdentity document (ID card) of customer  


The market value of the object determined in the following order:  

  • We sign a contract between the customer company and the ERA Marketing Center  
  • We review with the submitted documents  
  • We inspect a property and identify the factors that effect the value of the property- defects, physical gaps, improvements and etc. 
  • We conduct interview with the owner of the property 
  • We analyse similar objects on the market 
  • We run comparative analysis of the appropriate property 
  • We determine the market value of the property 


     The main appraisal approaches we implement:  

              1. Cost approach
              2. Sales comparison
              3. Income approach
 

 
 

 

Description 

Cost (AZN) 

Timing (working days) 

1
APARTMENTS  

1.1 

1 room - mortgage or other commercial purposes 

95 

1 

1.2 

2 rooms -mortgage or other commercial purposes  

105 

1 

1.3 

3 rooms - mortgage or other commercial purposes 

115 

1 

1.4 

4-5 rooms - mortgage or other commercial purposes 

125 

1 

2
HOUSE &VILLA  

2.1 

House and villa 

125-145 

1 

3
LAND 

3.1 

Land 

130-150 

1 

4
COMMERCIAL PROPERTIES 

4.1 

10 m2 to 200 m2  

250-350 

2 

4.2 

201 m2 to 500 m2 

360-500 

2 

4.3 

over 501 m2 

as agreed 


 

*- Additional travelling fee (30-50 AZN) for property valuation located outside of Baku