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Manila: 5th Floor, Regus - Adriatico Square, M. Adriatico St., corner Gen. Malvar St., Malate, Manila, Philippines / Tarlac: B63 L25 Cristo Rey, Capas, Tarlac, Philippines 2315
Proper insurance coverage depends on accurate valuations. These appraisals ensure adequate protection against risks. Without them, you risk being underinsured or having claims denied.
Insurance Valuation
Provides accurate reconstruction cost estimates to ensure your insurance coverage matches actual rebuilding expenses.
Factors in current construction costs, material prices, and local labor rates for precise valuation.
Protects property owners from being underinsured when facing fires, floods, or other catastrophic events.
Disaster Assessment
Conducts professional evaluation of property damage caused by typhoons, earthquakes, or other disasters.
Creates detailed documentation of structural damage and loss of value for insurance filings.
Helps policyholders receive fair compensation by providing evidence-based assessment of repair/replacement costs.
Our mission at Ringor Appraisal has always been to help property owners/ stakeholders provide accurate and unbiased property valuations to facilitate fair transactions in the Philippine real estate market.
Knowing the fair market value in the Philippines is crucial for making informed decisions in real estate transactions, ensuring fairness, transparency, and accurate pricing.
When determining market value, we consider various factors including the property's location, size, condition, comparable sales in the area, current market trends, and any unique features that may affect its value.
The appraisal process duration varies depending on the property's complexity and availability of data. Typically, it takes 3 to 5 business days from the date of inspection/ valuation. Steps include property inspection, data analysis, market research, valuation methods application, and appraisal report generation.
Market value is the price a willing buyer and seller would agree upon in an open market, whereas zonal value is the value assigned to a property by the local government for tax purposes specifically by Bureau of Internal Revenue (BIR). While market value is influenced by market dynamics, zonal value is determined by the government based on a fixed formula.
Yes, our appraisal reports adhere to the standards set by the Philippine Valuation Standards (PVS), International Valuation Standards (IVS), Uniform Standards of Professional Appraisal Practice (USPAP) and comply with the guidelines established by the Professional Regulatory Board of Real Estate Service (PRBRES) under Professional Regulation Commission (PRC) to ensure accuracy, reliability, and regulatory compliance.
The validity period of the appraisal report is six (6) months from the date of inspection/valuation.
Yes, upon completion of the appraisal, you will receive a comprehensive appraisal report outlining the property's market value assessment. The report includes detailed information on the property's characteristics, valuation methodologies employed, comparable sales data, and our expert analysis.
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