What does an appraiser do?

We can use an appraiser in different ways. For instance, a house can be valued in order to sell the house, to determine a realistic mortgage amount, or to calculate the value of an inheritance. An appraiser can also be called in by a buyer who wants to know the value of the property before making an offer.

Supervision of Appraisers

An appraiser is someone who determines the value of a property. This can be used in various ways, for example when selling or applying for a mortgage. An appraiser must have specific knowledge of the local property market and must be independent in order to make an objective valuation.

Some people having an appraisal done would like the appraiser to calculate a higher value than the house is actually worth. This way they could borrow more money, but of course that is not the intention. That's why supervision and quality control are essential.

NRVT (Dutch Register of Real Estate Appraisers)

The NRVT (Nederlands Register Vastgoed Taxateurs) monitors the quality of appraisers. As an appraiser, you can become affiliated when you meet the quality requirements they set. This ensures that all registered appraisers maintain professional standards.

NWWI (Nederlands Woning Waarde Instituut)

The NWWI or Nederlands Woning Waarde Instituut is the best-known institute for appraisers in the Netherlands. Appraisers affiliated with the NWWI work according to a standardised digital process that ensures consistent quality across all valuations.

Vastgoedcert

Vastgoedcert is a foundation where appraisers can register if they want to be listed in the Vastgoedcert quality register. At Vastgoedcert, not only is the professional competence of appraisers tested during registration, but also continuously monitored to guarantee quality.

SCVM (Foundation Certification For Estate Agents)

SCVM, also called Stichting Certificering Voor Makelaars, is a body that supervises estate agents. Often, estate agents are also appraisers, so you can verify their quality. You can check whether the appraiser adheres to the code of conduct adopted by SCVM.

What Does an Appraiser Assess?

During a property valuation, an appraiser examines many different aspects of the property to determine its market value. These include the location, plot size, living area, finishing quality, layout, and overall condition of the property.

When Do You Need an Appraiser?

There are several situations where you'll need a professional property valuation:

• Buying a house - Mortgage lenders require a valuation report
• Selling a house - To determine the right asking price
• After renovations - To recalculate insurance premiums or refinance
• WOZ disputes - To challenge municipal tax assessments
• Inheritance or divorce - For fair asset division

What Does a Valuation Cost?

The cost of a property valuation in the Netherlands typically ranges from €400 to €950, depending on the property type, size, and location. These costs are tax deductible when the valuation is obtained for a mortgage.

The Valuation Report

After the appraiser visits the property and completes their assessment, they prepare a detailed valuation report. This document contains all the information about the property and forms the basis for the determined market value.

Property Valuation for Mortgages

When applying for a mortgage, the valuation report is essential. Since 2018, you can borrow up to 100% of the appraised value. If the appraisal comes in lower than the purchase price, you'll need to cover the difference with your own savings.