Online apartment valuation is a modern tool that allows property owners and buyers to estimate the market value of real estate instantly. Services like online apartment valuation Kyiv use algorithms that analyze location, size, condition, year of construction, and comparable listings. The result of apartment valuation is generated quickly and helps you navigate market prices.
This quick online apartment valuation is useful for decision-making, but it is not legally binding. For official purposes (mortgage, notary, court, taxation), Ukraine requires a formal apartment valuation regulated by law: the Law of Ukraine “On Valuation of Property, Property Rights and Professional Valuation Activity” No. 2658-III, National Valuation Standards (NVS No. 1–3), and mandatory registration of the valuation report in the Unified Database of the State Property Fund of Ukraine (SPFU).
Official apartment valuation procedure
- Contract: Sign a contract with a certified appraiser.
- Inspection: Conduct an apartment inspection and collect documents.
- Report: Prepare a valuation report based on market comparables and adjustments.
- Registration: Register the report in the SPFU database.
- Issuance: Obtain a legally valid apartment valuation report.
Thus, online apartment valuation provides a fast market estimate, while official apartment valuation ensures legal validity for transactions.
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