France Real estate Chamber of Experts

Sylviane Garrot-Philip ( ()
member of the FNAIM French Real Estate Experts Chamber (www.experts-fnaim.org)

Specifities:
Private house and real estates specialisation
Asbetos & lead diagnosis – Parasite certificate
Measurement certificate

Their activities

Different types of goods are concerned:

• Dwelling real estate (houses, apartments, castles...)
• Industrial & Companies premises real estate(warehouses, facturies, lofts...)
• Offices (shops, commercial centers...)
• Stock-in-trade
• Land & agricultural real estate (buildings, agricultural lands, woods, forests...)
• Leasure real estate
• Building sites

In addition, the expert can also intervene to determine the profitability from rental income, leasing rights, door step in and access to lease.

Civil responsibility guarantees

The FNAIM real estate expert ’s civil responsibility is guaranteed on all conclusions of assets market value determination . Some of them are linked by contract to additional insurance companies on specific research (termites, asbetos, lead)

The expertise Charter on real estate estimate

The latest version of the expertise Charter on real estate estimate was introduced in 1998 in Paris. This h andiwork, elaborated and signed by 14 associations of real estate experts, determines the general conditions of the exercice of expertise, includes a methodologic guide combined with a recommandations guide, precising deontologic principles. The Charter offers a substantial technical and deontologic synthesis. A working group from the COB drew similar conclusions.

Several expertise forms

Private expertise can be unilateral : the client wishes to know the venal value of a property when selling it, buying it or for successorial reasons.
It becomes “friendly” when all parts, on common agreement, entrust a mission to the expert.
It becomes judicial when ordered by a magistrate.

Services and advice offer

• Purchase, selling, renting
• Carrez law surface
• Communal liquidation
• Succession, share, donation
• Expropriation or eviction
• Disputes with inland revenue administrations
• Judicial proceeding
• Stock-un-trade estimate (rental income, lease right°
• Merger, take over and dissolution
• Mortgage loan
• Contribution of capital or shares
• Pledge & lease loans
• ISF
• Building condition survey

Investigations

By visiting the property, the expert will analyse:

• its composition
• its environment
• its value on the market

In order to do so, he’ll develop a database composed of recent sellings references, carefully selected in comparison with the property estimated and in adequation with the local market.

Methodology

After visiting, the expert will study all the relevant documents related to the property (land registry, property title, building sheet, rules) to accomplish his mission. He’ll analyse the good by confronting it to his most recent conclusions in regards with regarding a similar market. He’ll then prepare fully detailed assesment. This rapport, depending on the type of entrusted mission, is composed of:

• Exact definition of both mission and propery concerned
• Property geographical location and environment
• Physical description, general state of it
• Potential termites, lead... presence control
• Urbanistic, judicial & tax analyse
• Local market study
• Servitude search & conclusion
• Quality valuation, both market worth and environment
• Local market analysis
• Methods application
• Final estimate with the expert's conclusions
• Conclusions