FAQ (Frequently Asked Questions)
Frequently Asked Questions about a Tasación (Spanish Valuation)
Which is the validity period of a Valuation?
Six months since the issuing date of the report. After those six months a new visit can be done to the property and request a new valuation with a lower Price.
A Valuation done by ST Sociedad de Tasación is accepted by any Financial Institution in Spain?
ST Sociedad de Tasación is a Company approved by the Bank of Spain and therefore any bank should accept a valuation issued by ST Sociedad de Tasación.
Can I order a valuation directly with ST Sociedad de Tasación, without the participation of a bank?
Off Course. The valuation companies in Spain offer services to financial Institutions, companies and corporations and the public in general.
I have Heard that the spanish valuation companies deliver their reports according the the ECO regulation of the Bank of Spain . Can you explain what ECO regulation means?
The ECO 805-2003 is a regulation issued by the Spanish Ministry of Economy which specifies the methodology used to calculate (between others) the mortgage value of the properties in Spain
Which documentation do I need to prepare so that the valuer develops the property valuation?
Depending on the typology of the property the documentation may vary. For example, in the case of a residential property the registry and cadastral documentation is needed; In the case of an industrial unit, between other documentation, a photocopy the opening licence as well as the registry and cadastral information.
I have to do a valuation of my property and I though about asking a valuer which is member of my family the development of the report. Would this be posible or is there an incompatibility due to the relationship?
Valuers can not value for people with whom they can not adopt a position of independence.
When will the valuer contact me once I do the valuation order?
In a time lapse between 24 and 72 hours the valuer will contact with the client.
Who develops the work?
An independent profesional (architect).
What is done at the property visit?
Measurements, Pictures, floor plans as well as data about the finishings, matyerials and conservation status of the property.
When will I have my valuation?
Usually the valuation can be finished in a period of 3 to 7 labour days, starting from the day the visit to the property takes place, and all of the needed documentation has been received.
How do I receive the property valuation?
Once the the report is finalized the client will receive an email with a pdf document enclosed. The pdf document includes the digital signature of the valuer and of the authorised quality control profesional at ST Sociedad de Tasación. If interested in receiving the valuation in another format there will be an additional charge.
Frequently asked questions about the Energy Performance Certificate.
Do I need to obtain an Energy Perfomance certificate?
The Energy Performance Certificate is compulsory in Spain (Royal Decree 235/2013, of April 5) when renting or selling a property in the Spanish Market. The certificate* is the document which is obtained once the property has been fully registered and approved at the regional registry to which it corresponds.
Who develops the work?
The Energy Performance Certificate (EPC) is a document issued by a technician who is in possession of an academic qualification which authorises to undertake building projects and thermal installations for buildings.
Which is the needed documentation?
The technician will need to have the cadastral reference of the property. It is advisable to prepare the documentation (for example receipt of the IBI or public deed where the cadastral reference is quoted) before the technician visits the property so that the process is as smooth as posible. If you have documents which describes the refrigeration and heating systems please show them to the technician during the visit.
In how much time will I have my Energy Performance Certificate?
Once the property is visited, you will receive the report and the invoice in three labour days.