Expert’s report
What is a real estate appraisal and/or arbitration?
TECHNICAL REPORT TO SUPPORT LEGAL PROCEEDINGS AND/OR CLAIMS AGAINST DAMAGES
An expert’s report is a technical report prepared by a qualified expert who can be appointed directly by the interested party (party-appointed expert) or by a court or public organisation (third-party or court-appointed expert) that is generally used as evidence in legal proceedings and/or claims for damages.
The purpose of these reports, valuations or opinions is to analyse the specific situation of each property, in terms of its value or damages and help limit liabilities and make decisions to defend the party’s interests.
An expert’s report is usually required when the parties don’t come to an understanding or agreement and, therefore, the experts must not only be specialists and rigorous in preparing the report, but they must also have experience in appearing as witnesses to defend the report in a trial.
Who needs an expert’s report?
EOPLE WHO NEED A REPORT BY AN EXPERT TO ANALYSE THE VALUE OR DAMAGES CAUSED TO A PROPERTY
Overall, any kind of person or entity who needs a specialised technical report, a report by a party-appointed expert, an opinion by a third-party-appointed expert, conflicting valuations, reports on building pathologies or the analysis and appraisal of damages.
An expert’s report will be necessary when you need to prove what you’re claiming and therefore need an expert on the subject.
Experts’ reports are aimed at natural or legal persons, or insurance companies, law firms, courts, Companies House, public bodies (town/city councils), financial entities…
How we do an expert’s report?
UR METHODOLOGY IS SUPPORTED BY OUR BROAD EXPERIENCE IN EXPERTS’ REPORTS
Conducting an expert’s report or opinion requires the thorough work of a qualified professional which involves interviewing the interested parties, asking for and analysing all the documents available and even defending or endorsing the expert’s report in a trial if necessary. Each report will be different.
01
Contact and visit
Once we have received the order, one of our experts will contact the client to arrange dates and visits.
02
Documentation and checks
You will need to provide all the documents on the property (land registry, technical, administrative documents) for us to analyse them.
03
Analysis
The expert will analyse the data gathered on the visit and the documents provided. If necessary, we will arrange more visits.
04
Report
The result of the above processes is set out in the corresponding report and/or expert opinion.
Frequently Asked Questions
An expert is a qualified technician, with knowledge and experience in a specific field and recognised as a reliable source in that field, who acts independently, impartially, objectively and truthfully. Depending on the origin of their contract, they can be classified into party experts (hired by one of the parties) and judicial or third party experts (appointed by a judge by means of professional lists).
It will depend on the judicial or private purpose and origin. An expert’s report is linked to a judicial or legal process, whereas an arbitration is linked to proceedings agreed between private parties outside the judicial sphere with the appointment of an independent ‘arbitrator’.
Once the work order has been received, our technicians will contact the client to arrange a visit to the property. At the same time, we will request all the documentation that the client can provide on the property in question (registry, administrative, legal, accounting and technical documentation). Depending on each situation, verbal or written information will be requested from third parties or corresponding official bodies and the relevant checks will be carried out in each case. After analysing all the data collected, the corresponding report and/or opinion will be issued and sent to the client.
It is a public business entity attached to the Ministry of Economy and Enterprise, through the Directorate General of Insurance and Pension Funds, with activity in the insurance sector and whose purpose is to cover claims that have been caused by natural phenomena (floods, earthquakes, tidal waves…) or to compensate us when the insurance company is not liable.
Among the aspects that can be analysed are the general state of the building and installations, accessibility, architectural barriers, functional analysis, habitability, height, volume, suitability, safety, etc.
These reports can in some cases be used as expert evidence as they establish the nature of the pathology and its possible causes (especially in cases where an opinion is added).
Shall we talk?
Share your concerns with us by filling in our form and we will contact you so that you can tell us all about your requirements.
