Monthly Archives: April 2012

Argentina Real Estate Appraiser Property Appraisal Buenos Aires

Argentina Real Estate Appraiser Property Appraisal Buenos Aires

Argentina Real Estate Appraiser Property Appraisal Buenos Aires. What is the property worth? Get the property valuation today.

Properly appraising a property’s value is often a challenge for real estate professionals.  An accurate appraisal helps finalize a real estate transaction correctly and in a timely fashion.  The correct pricing of a property serves as a starting point on which to base negotiations in a sales transaction.

One of the primary factors in real estate property in Buenos Aires is the property’s location.  This one element strongly influences a property’s price.  An appraisal must weigh the advantages and disadvantages of each location in terms of modes of transportation at hand, the area’s zoning, and the quantity and quality of public services available.  Prices can vary from one block to the next and from one side of the street to another.

The second factor which affects an appraisal are the physical characteristics of the property.  This includes its design and appearance, the property’s age, its condition, the type and quality of construction, its surface area and dimensions, and how well it’s equiped.

A good appraisal should take into account potential clients’ needs, the area, the property’s condition, lighting, what part of the neighborhood it’s in, proximity to transportation and commercial centers, and in the case of aparments, what floor of the building the property is on.

A real estate appraisal is often based on the appraiser’s experience and knowledge of the local market.   Some people in the real estate field simply use the area’s average per square meter value, but others believe that method to be too basic and unprofessional.  Each property has numerous variables, all of which are very important.  A good appraisal is based on visiting the property (inside and out),  having knowledge of the local market, taking into account the supply and demand for that area, and analyzing economic conditions at that time.

Properties in certain neighborhoods increase in value solely because they are located in a coveted area.  Modes of transportation available, the development of the area, and even the prestige of the neighborhood, as in the case of  Barrio Norte, Recoleta, Palermo Chico and Barrancas de Belgrano, are fundamental factors in maintaining a property’s value.  In these areas, the scarcity and high cost of available lots also contributes to increasing property values.

When considering an apartment, another influential factor in appraising its value are the amenities the apartment building offers.  If a buyer is able to afford the higher homeowner association fees for these services, the amenities add value to the property.

Argentina Real Estate Appraiser Property Appraisal Buenos Aires. What is the property worth? Get the property valuation today.

For years, mortgage lenders and consumers have called upon Kier Joffe Appraisals to provide high-quality appraisals on all sorts of properties throughout Argentina. By continuously analyzing Argentine real estate trends and refreshing our knowledge regarding valuation techniques through accredited courses, we’ve been consistently able to generate reliable home valuations for our clients.

All of our appraisers have more than 20 years of experience, and use the latest technology available to provide the most accurate, professional, and eco-friendly appraisals possible.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com

Argentina One Stop Source:Legal, Tax, Accounting & Notarial Services

Kier Joffe is adept at assisting non-Argentinian clients to understand and adapt to Argentinian practices.

We offer guidance to individual and businesses from outside Argentina on adapting to the Argentinian legal system and its laws at both the federal and province level.

We offer services specifically designed to provide a “one-stop” source of Legal, Tax, Accounting and Notarial support for foreign individual and businesses’ operations in the Argentina.

Kier Joffe can assist with entity formation, regulatory compliance, transactional support, documentation and distribution arrangements and dispute resolution. We can provide critical Legal, Tax, Accounting and Notarial support to protect revenues and assets throughout Argentina.

Basic Legal Requirements When Buying/Selling in Buenos Aires Argentina – Real Estate

Three Basic Legal Requirements When Buying/Selling Property in Buenos Aires

Whether you are buying or selling property in Buenos Aires, it is important for you to be aware of some of the legal requirements.

Firstly, whenever a property owner intends to sell a property, or acquire the right to construct on a property, he/she is required to notify the Administración Federal de Ingresos Públicos – AFIP (federal administration of public income, similar to the Internal Revenue Service in the United States).  The AFIP must be notified only if the transaction will have a value equal to, or greater than, $300,000 Argentine pesos.  The transaction must be completed by the owner or his/her representative by contacting the AFIP by telephone, cell phone or via internet (www.afip.gov.ar).

Secondly, if a real estate broker is going to intervene in the sale, a 90-day contract granting the broker authorization and exclusive rights to sell the property is drawn up between the seller and the broker.   Within 30 days, the AFIP must be notified of the broker’s involvement in the sale.  It is then the broker’s responsibility to notify the AFIP when a deposit is made on the property and when the property title is transferred.

Thirdly, the title transfer must be completed by an escribano publico (notary public).  In Argentina, a notary public is a highly qualified individual with a law degree and additional post-graduate studies. When a property is sold, the escribano publico serves as a public official who guarantees the legality of the property title, the authenticity of the seller, and the legitimate transfer of the property title from seller to buyer.  It is imperative that you ensure you have a qualified escribano publico handling the sale of any property, especially if you are the buyer. *

There are costs associated with these different steps, all based on percentages of the property’s sale price.   A 1.5% property sales tax, known as Impuesto a la Transferencia del Inmueble (ITI), is due if the seller is not reinvesting the proceeds of the sale in the purchase of another property.   The costs of transfering the propery title from seller to buyer runs between 6% and 9%.  The realtor’s commission averages 3% to 4%.

* In Argentina an escribano publico must be registered with his/her local Colegio de Escribanos.

The proven Buenos Aires – Argentina lawyer professionals at the Kier Joffe law firm have experience working with foreign clients involved in all kind of cases in Argentina. Buenos Aires Argentina attorney professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires  lawyer in Argentina.

www.kierjoffe.com