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How to value property in Georgia

value property in Georgia

How to value property in Georgia

Georgia's immigration law provides for the assessment of any residence by purchasing the property (temporary and permanent) of the property or property in question, which must be done by an official government-approved appraiser. These evaluators usually act as both natural and legal persons. Evaluators' work routines are usually such that after presenting the title deed and copying the owner's passport, they visit the site and, after taking the necessary photographs and documents, submit their evaluation between 24 and 48 working hours

 

value property in Georgia

Learn more about obtaining permanent residency in Georgia by purchasing a property

property in Georgia

These assessments are generally in the form of a folder in which the assessor's profile and license, description of the price of the same property (sometimes with a sample), property details along with photos, owner details and finally an estimate of the total property price in Lari. All pages are stamped and signed by the evaluator. It should be noted that in the SisnoGroup collection, in addition to selecting the best and most reputable evaluators, all evaluation standards are controlled by the company's experienced lawyers

Note:

- For assessments in which there are several different properties, all of the above are included in the assessment certificate for each of the separate properties

- Evaluators' tariffs are generally between 150 and 250 lari for each real estate document. So beware of profiteers who want to take extra money from you

You may be wondering if the immigration law stipulates the amount of property in US dollars, but an official assessment is provided to Larry, so how will this difference be calculated? To better explain this question, we should follow the example: The person submits his property for evaluation and the real estate appraiser estimates 330 thousand lari. Now it's time to calculate the exchange rate of the lari against the dollar, according to the official announcement of the National Bank of Georgia on that day. If this rate is equal to, for example, 3, that is, every $ 1 is equal to 3 lari, then 330 thousand lari is equal to 110 thousand US dollars

how to buy property in georgia
We hope that this article has been useful for you. If you have any questions about this, our experts are ready to provide free advice to you dear ones.
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