Sales Appraisal Form for Pakistan

Sales Appraisal Form Template for Pakistan

A comprehensive document used in Pakistan's property market for professional valuation of real estate assets, complying with local property laws and valuation standards. The form incorporates detailed property analysis, market comparisons, and value assessments following Pakistani legal requirements and professional valuation guidelines. It serves as an official record for property transactions, financing decisions, and legal proceedings, incorporating elements from both common law and Islamic law principles that govern Pakistan's property sector.

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What is a Sales Appraisal Form?

The Sales Appraisal Form is a crucial document in Pakistan's real estate sector, designed to provide an objective and professional assessment of property value. This document is required when determining property worth for sales transactions, mortgage applications, insurance purposes, or legal proceedings. The form must comply with Pakistan's property laws, including the Transfer of Property Act 1882 and relevant provincial regulations. A properly completed Sales Appraisal Form includes detailed property analysis, market comparisons, and value assessments, serving as a reliable reference for all stakeholders in property transactions. The document incorporates both technical valuation methodologies and local market considerations, ensuring compliance with Pakistani legal requirements and professional standards.

What sections should be included in a Sales Appraisal Form?

1. Property Identification: Complete address and legal description of the property being appraised

2. Client Information: Details of the person or entity requesting the appraisal

3. Purpose of Appraisal: Stated purpose and intended use of the appraisal

4. Property Characteristics: Physical description including size, construction, condition, and improvements

5. Location Analysis: Description of the neighborhood, accessibility, and surrounding developments

6. Market Analysis: Current market conditions, trends, and comparable properties

7. Valuation Methodology: Explanation of the approach(es) used for valuation

8. Value Assessment: Detailed calculation and final opinion of value

9. Certification: Appraiser's certification of independence and compliance with standards

10. Limiting Conditions: Standard assumptions and limiting conditions of the appraisal

What sections are optional to include in a Sales Appraisal Form?

1. Environmental Factors: Assessment of environmental conditions when relevant to property value

2. Development Potential: Analysis of potential highest and best use, included for undeveloped or under-developed properties

3. Income Analysis: Detailed income and expense analysis for income-producing properties

4. Zoning and Planning: Detailed zoning analysis when property use or development potential is significant

5. Historical Significance: Assessment of historical value and restrictions for heritage properties

6. Agricultural Assessment: Specific analysis for agricultural properties including soil quality and crop potential

What schedules should be included in a Sales Appraisal Form?

1. Photographs: Comprehensive photographic documentation of the property and significant features

2. Location Maps: Maps showing property location, access routes, and surrounding area

3. Title Documents: Copies of relevant property ownership documents

4. Comparable Sales Data: Detailed analysis of comparable property sales with adjustments

5. Building Plans: Architectural drawings or floor plans if available

6. Valuation Calculations: Detailed calculations and methodologies used in determining value

7. Market Research Data: Supporting market research and analysis documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Pakistan

Publisher

Genie AI

Document Type

Evaluation Form

Cost

Free to use
Relevant legal definitions
Relevant Industries

Real Estate

Banking and Finance

Insurance

Construction

Property Development

Agriculture

Commercial Property

Industrial Property

Residential Property

Public Sector

Legal Services

Relevant Teams

Real Estate

Valuations

Legal

Risk Assessment

Mortgage

Property Management

Asset Management

Investment

Compliance

Documentation

Business Development

Relevant Roles

Real Estate Appraiser

Property Valuer

Real Estate Agent

Mortgage Officer

Property Manager

Real Estate Lawyer

Banking Officer

Insurance Underwriter

Property Developer

Investment Analyst

Asset Manager

Real Estate Consultant

Property Tax Assessor

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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