What is the role of the real estate appraiser, and why do we need him much more than we thought? • Yair Levy, a business real estate expert, and Reli Triestman, revealed the answer • Chapter 04
Real estate assets, whether private or commercial, are an integral part of the public arena. The price increases, the security situation and even wars at the end of the world, all of these can affect the price of apartments, offices and properties that we would like to rent or purchase. But how do you know what the value of the property is, considering so many factors that affect it? Excellent question, this is the role of the real estate appraiser. In this episode of The Capitalist, the podcast presented by Yair Levy, an expert in business real estate who manages to bring some order to us in this complicated field, hosted Relli Triestman, a real estate appraiser with almost 30 years of experience, and together they dived into the intricacies of this very important field.
“The appraiser is a little bit of everything,” Reli shared. “A little bit of an engineer, a little bit of an architect, a little bit of an accountant, a little bit of a lawyer, a little bit of a sociologist and a little bit of an economist. The aforementioned collection of skills allows you to treat your property correctly, as well as the deal you want to make and anything you want to lead in the field of real estate and real estate. When talking about real estate, every transaction carries a lot of responsibility. There are many questions you must ask yourself, even if you are a businessman who has already done several transactions. When you get a report from an appraiser on your next transaction, you just know everything, all the data in front of you, and thus you can make an informed and correct decision”. Not necessarily. “When you come to purchase an apartment from a contractor, as a customer we usually don’t need an appraiser, we can check for ourselves, today there are tools and organized websites where you can know the exact value of the apartment or real estate,” explained Triestman. the apartment. In cases where the apartments are in small projects or part of a purchase group, it is important that the bank knows all the property data. In our field we don’t talk so much about two sides and the interest is of both. If we evaluate the apartment or the apartment in a somewhat conservative way, it still does not mean that we are on the side of the bank, but rather try to evaluate it in the most objective way possible and in accordance with the rules”. b>”As of today, the banks do not trust all the appraisers and there are many reasons for this, including the fact that until today the places of study for appraisals were relatively less intensive. These are not studies like accounting or law. If we really understand that the deal you made is a special deal, we can also give you its true value, even if you bought it for less.”
