Appraisals

Bank and private appraisals

The right appraisal depends on what you need it for. Here we explain what each type is used for and what you need to request one.

Two types of appraisal

What do you need it for?

Bank appraisal

For loans and collateral with banks and credit unions.

Uses

Mortgage loanTo buy a house, apartment, villa or lot with bank financing.
Secured loanTo raise capital using a property, vehicle or equipment you already own as collateral.
Refinancing or switching banksThe new bank needs to know the current value of the collateral.
Vehicle or machinery loanFinancing or collateral on vehicles, fleets or equipment.
Business creditCredit lines and commercial loans backed by company assets.
Collateral updatesPeriodic revaluation the bank requires to keep the loan current.

Usual documents

Certificate of title (or the promise of sale or sales contract)
Survey plan or land measurement letter
Owner's ID card or passport
Bank name and loan officer's contact details
Construction plans, if available

Each bank may ask for additional documents; your loan officer will confirm them.

Request a bank appraisal

Private appraisal

To know the real value of your property and make decisions.

Uses

Purchase or saleKnow the fair price before negotiating, so you don't overpay or sell for less.
Estates and division of assetsSplit an inheritance or divorce assets with an impartial value.
InsuranceInsure the property for its real value and support a claim.
Accounting and companiesRecord assets in financial statements, contribute property to a company or revalue it.
Government and notary proceduresSupport the value of a property before the tax authority (DGII), notaries or other institutions.
Investment and rentalsDecide whether to buy, rent or develop, and set a market-based rent.

Usual documents

Title, registration or invoice of the asset
Applicant's ID card or passport
Location and a contact for the visit
Plans or photos, if available
What the report is for

For estates and lawsuits we also prepare court-appointed expert reports (in Spanish).

Request a private appraisal

Differences

Which one do I need?

Aspect	Bank	Private
What it is for	Loans and collateral	Any other decision about the property
Who receives it	The bank or credit union	You, your lawyer, notary, insurer or accountant
Report format	The form required by each bank	Full Valor Seguro report
Appraiser	Must be approved by that bank	A certified appraiser you trust

Approved appraiser for

+ Credit unions

Juan Alexis Cedeño during a field inspection

How we work

From request to report in four steps

Request and quoteSend us the property details and we send you our fee, based on the ITADO fee schedule.
InspectionWe visit the property, measure it, photograph it and review the title and plans.
Market analysisAdjusted comparable sales, cost approach and technical depreciation, as each case requires.
Signed reportYou receive a signed PDF report, ready for the bank, the notary or the court.

Frequently asked questions

About appraisals

Can I use a private appraisal to apply for a loan?

Usually not. The bank requires its own format and an appraiser from its approved list. If you already know you will finance, request a bank appraisal directly.

Do banks accept Valor Seguro's appraisals?

Eng. Juan Alexis Cedeño is an approved appraiser for Banreservas, Banco Popular, BHD, Banco Ademi and several credit unions. Before starting, confirm with your loan officer that the appraiser is on the bank's list.

How much does it cost and how long does it take?

The fee depends on the type, size, location and complexity of the property and on the purpose of the appraisal, following the minimum fees of the Dominican Institute of Appraisers (ITADO). The report is usually delivered 2 to 3 business days after the inspection.

What if I don't have the title yet?

The certificate of title (or the property's legal document, such as the promise of sale or sales contract) must be available before the visit. Without it we cannot carry out the inspection.

Contact

Request your appraisal

Leave us your details and we will contact you about your appraisal or advisory needs. All our appraisals are confidential.