Asset Evaluation
International Real Estate provides its services to all governmental and private institutions and organizations to help them determine the value of their real estate, industrial or commercial assets (such as companies) and provide advice and assistance to develop and increase the productivity of these assets. We can summarize valuation services into reports that suit the client’s needs and participate directly with the client. In terms of the consulting services it needs, as shown in the following division:
Evaluation Report
An appraisal report containing the value of the asset with an explanation of all the data and operations that took place to arrive at the value, allowing the reader of the report to reach the same results as the appraisal expert.
Top & Best Use Study Report
A report that explains the different cases of using the asset and determines what is the optimal method that achieves the client’s goals and achieves the highest possible financial benefit.
Feasibility Study Report
Study a specific project and determine its marketing, technical and financial feasibility Identify the risks associated with it and provide our opinions and recommendations about the project.
Advisory Report
A consulting study for the client of a specific subject or asset, which varies according to the client’s requirements and the nature of the asset that is the subject of the consultation, whether it is real estate Or a factory, company, or institution.
A distinguished team that takes care of all your needs
After many years of diligent work in the Oman market, we have selected the most efficient teams specialized in valuing assets and real estate, to join our work team with cumulative experience and deep knowledge that has been formed over the 4 years of the company’s life in the field of valuation.
Evaluation Ethics
integrity
International Real Estate is committed to providing its services with credibility and clarity while ensuring the accuracy and impartiality of the information contained in its reports. Tathmeen is also committed to preserving its clients’ information and ensuring that its reports are submitted with complete accuracy and professionalism.
Independence
International Real Estate is committed to providing its services with complete independence, without bias or conflict of interest and without any external influence, and taking the necessary precautions to avoid any direct or indirect interests that may affect the results of its reports.
Efficiency
International Real Estate is committed to working in accordance with applicable technical and professional standards when providing professional services and exercising sound judgment in applying professional knowledge and skills. It also works to raise the continuous awareness of its employees and understand developments in knowledge and technical skills in the relevant fields.
Professional Conduct
International Real Estate is committed to working professionally and diligently, and to exert and submit its reports in a timely manner and to exercise sufficient care in accordance with applicable regulatory requirements and technical and professional standards, and to avoid any action that harms the profession, and this includes accepting instructions, external assistance, effectiveness and perseverance, confidentiality, and disclosure.
Evaluation Methods and Methodology
These are the basic methods used in evaluation. These methods are based on the economic principles of price balance or expectation of benefits or substitution. It is recommended to use more than one method or method for evaluation, especially in the absence of realistic data and data. It is sufficiently observable that a single evaluation method can produce a reliable and dependable result.
This method provides indications of value by comparing the asset being valued with identical or similar assets for which price information is available.
According to this method, the first step is to study the transaction prices of identical or similar assets that have recently taken place in the market. Even if the transactions that have taken place are few, it is also better to study the prices of identical or similar assets listed or offered for sale, so that this information is clear and objectively analyzed. Information related to the prices of these transactions must be amended to reflect differences in the terms and conditions of the actual transaction, the basis of value, and the assumptions that are adopted in the evaluation process that is implemented. There may also be differences in the legal, economic and physical characteristics of other transaction assets compared to the asset being valued.
*Source: International Valuation Standards 2017
It provides an indication of value by converting future cash flows into a single current capital value.
This method deals with the income that the asset generates during its useful life (the expected life of the asset).
The value is estimated through the capitalization process, and capitalization means converting income into a capital amount using an appropriate discount rate. Income flows are generated under contracts or non-contractual arrangements, such as the expected profit from using or retaining the asset.
The methods that fall within the income method include:
1) Capitalization of income by applying the risk factor or total capitalization to one usual income period.
2) The present value of cash flows, where the discount rate is applied to a series of cash flows for future periods to reach the present value.
3) Pricing models with various options.
*Source: International Valuation Standards 2017
It provides indicators of value using the economic principle, which states that the buyer does not pay more for purchasing an asset than the cost of obtaining an asset that has the same benefit, whether through purchase or construction. This method is based on the principle that the price that the buyer pays in the market for the asset subject of evaluation will not be more than The cost of purchasing or creating an equivalent asset unless there are factors such as inappropriate timing, inadequacy, risk, or other factors. The asset subject to evaluation is often less attractive than the alternative that can be purchased or constructed due to the age or obsolescence of the asset. In this case, there is a need to make adjustments and adjustments in the cost of the alternative asset according to the required value basis. *Source: International Valuation Standards 2017
Evaluation Sectors
International Real Estate provides its evaluation services in several important business sectors, and these businesses represent the true value of their assets with great importance in their financial reports and in their strategic decisions, whether buying, selling, financing, quotas, or liquidation. Therefore, the presence of qualified personnel in each evaluation sector represents an element of professional strength. For evaluation reports issued by the International Real Estate Company.