APPRAISAL PROCEDURES
• In order to secure your appointment a minimum down-payment of US$ 400, = is required. A larger down-payment maybe needed for large villas, apartment buildings, commercial buildings and land over 2.000 m². The amount will be determined by the appraiser.
Quotes can be given but are to be considered an indication if plans are not available.
• Banks require different information and procedures. Kindly advise which bank you intend to submit your financial request to or if the appraisal is for personal use.
• Please keep in mind that it takes maximum 10 working days for preparation and completion of the report after inspection is done.
• Current Schriftelijke Inzage (Title Search) excerpt from Kadastre office showing legal owner and or mortgages/seizures on the parcel(s) of land/condominium to be appraised. If no Schriftelijke Inzage is delivered, we will charge an extra of minimum US$ 30.00 for the information from Kadaster per meetbrief.
• Layout of the subject apartment, complex Nr. and index Nr.: The Kadastre office has this information available. ICE can request this form from Kadastre. The cost will be charged with an additional fee of 15% over the Kadastre costs and 5% TOT.
• Kadaster Location Plan – ICE will first verify the property location using the Meetbrief /Certificate of Admeasurement number within our internal database. If the required information is not available, ICE will obtain the digital location plan directly from the Kadaster. Any Kadaster fees incurred will be passed on to the client with an additional 20% administrative surcharge. Minimal additional fee is $30.-.
• For construction, Building Permit Plans of the house/buildings etc. For new buildings a short list of finishing to be built is required.
• Please advise if the financial bank requires progress reports during construction; if available the contractor’s estimate with payment schedule.
• Existing property (building) needs to be inspected at the interior as well as the exterior.
• We kindly request to advise in time of an appraisal appointment cancellation or if you are running late.
• Cancellation fees with a minimum of $50.00 will be applied if cancelled within 48 hours.
• Balance of outstanding invoices are due 1 week after invoice date. Payments must be made no later than two weeks after invoice date. Late payments require administrative charges of a minimum US$ 75.00 per appraisal report.
• Saba & Sint Eustatius Appraisals:
* ICE makes use of a local expert depending on the complexity of the appraisal.
* If its required, Travel expenses are on account of the client.
* In case travel to SABA or Sint Eustatius is required an additional payment will be needed of US$ 250.00.
* Client must pick up the appraiser at the airport or make arrangements therefore and must bring client to the next appointment or back to the airport.
Adjustment & Modification Fees
- If an adjustment is required due to an error on our part, we will correct it at no additional charge.
- Any client-requested changes after the appraisal has been completed will incur an additional fee of at least US$ 50 per request. These include, but are not limited to:
- Changing the name on the appraisal report.
- Adding additional values beyond our standard values of “market value, auction value, reconstruction value, reconstruction value of site improvements, rental income.”
- Providing further breakdowns of costs, square meters, or measurements of different rooms/units.
- The final amount of the adjustment fee will be determined based on the complexity of the requested change.
Paperless Policy & Additional Copies
- In our effort to go paperless, clients will receive a digital copy of the appraisal by default.
- If a physical copy of the appraisal report is requested, there will be a charge of US$ 20 per copy.
- If a physical copy of a value assessment is requested, there will be a charge of US$ 10 per copy.