The request
You, or your bank, contact the Firm. After review of the property and its location, a fee proposal is sent to you; the letter of engagement sets the framework of the assignment.
Securing your property loan
Mortgage guarantee valuation in Madagascar
For any loan secured by a mortgage, the bank requires the property to be valued by an accredited expert. The Firm prepares this report in the format expected by Malagasy credit committees.
The principle
Why the bank requires a valuation
When a loan is secured by a mortgage, the credit institution must know the value of the property that stands as security. The accredited expert’s report enables it to measure this mortgage guarantee before committing, then to monitor it throughout the term of the loan.
The Firm acts on behalf of credit institutions, or at the borrower’s request when their bank requires it.
- Valuation before granting
- Security during the loan
- Real-estate portfolio
- Due diligence
The process
From the request to the credit committee
The site visit
The expert visits the site and records the floor areas, the construction, the state of repair, the fittings and the surroundings of the property.
The analysis
Verification of the legal status, study of local market references and application of the methods suited to the property.
The report
Open-market valuation report signed and stamped by the accredited expert, with photographs and a reasoned value, in the format expected by credit committees.
The credit decision
The bank has a reliable value on which to process the file. During the loan, the security can be revalued at its request.
Preparing your file
Documents to gather
Tick the documents you already have.
0/6documents
Indicative list: the Firm will specify the documents required when it receives your request.
The report
What the credit committee finds in it
A document that meets credit-committee requirements and carries the evidential weight granted to the accredited expert.
5–15business days for a standard property in Antananarivo
+35years of judicial accreditation
Detailed inspection of the property, technical measurements, examination of the land title and supporting documents.
Application of the valuation methods, comparative analysis, drafting of the reasoned report.
Signed and stamped report, carrying the evidential weight granted to reports by experts registered with the CAREA (Compagnie des Arbitres Rapporteurs et Experts Agréés près les Cours et Tribunaux de Madagascar).
Open-market valuation report prepared by the accredited expert, usually required for any property-loan file. Format compliant with bank credit-committee requirements.
The Firm operates throughout the island. Travel costs are quoted and submitted for your approval before any commitment.
See also
Open-market valuationOpen-market valuation report prepared by an accredited, independent expert: land, houses, buildings, commercial premises, anywhere in Madagascar.View the page Assets and estatesValuation of corporate real-estate assets and of family or institutional estates: contributions in kind, balance sheets, disposals, due diligence, successions, divisions of property.View the page Rental valueDetermination of rental value by an accredited expert: residential, commercial, industrial and office leases, rent reviews, eviction indemnity.View the page
Request an appraisalForm, telephone or appointment: tell the Firm what you need.Contact
Contact
Get in touch
Confidential discussion of your file. A personalised fee proposal is sent to you after review of your request.
Or write to contact@expertimmo.mg