Appraisals

I need an appraisal report for my real estate on Bonaire, what to do?

You're at the right address at Sunbelt Realty Bonaire to assist you with any type of appraisal you may need. Whether you need an appraisal report for your private home or your business on Bonaire. We appraise homes, commercial real estate, land, resorts, hotels, development plans, renovation plans etc. We know what to do.

Why choose Sunbelt Realty as your appraiser?

Sunbelt Realty is the official real estate company with certified and sworn appraisers according Dutch law.

Next to this, every day our dedicated team of real estate professionals are assisting you and other customers to sell, purchase and rent out homes and commercial buildings, rent out holiday villas and condos to guests from all over the world, and manage and control your real estate when you are abroad. We provide a wide range of real estate services, and together with over 20 years of experience, we are able to value your real estate accurately. Whether you need a valuation for your financing needs, your tax valuation (such as Grondbelasting or Vastgoedbelasting in Dutch) or an appraisal for a (commercial) transaction.

To begin with, we need to determine what the goal of the appraisal report is. You only have to tell us what the appraisal is for, and we will work out any type of valuation you need.



Private parties from (amongst others) the United States of America and Europe work with us, as well as local and international banks, Governments, tax lawyers , civil law notarys etc.

Whether you live on our island permanently, or you want to invest or already have invested in a real estate project, we can assist you!

Need an appraisal report on Bonaire? Contact us right away!

Rates

The principal of an appraisal service owes an honorarium according to the rates stated below. In case the assignment is more elaborate compared to a standard appraisal assignment, the client owes the appraiser an extra fee based on an hourly rate of USD 206.70,- including ABB sales tax. In case of an elaborate assignment the principal will receive an offer of the extra work on forehand. A more elaborate assignment is applicable when for example the appraised has to be described in detail, measured in detail, market conditions must be further explained etc.

Article 1 - Residential
1. The honorarium is determined based on sub-categories and always include a market value and execution value.

	Standard appraisal of home or condominium	:	USD 450.50 incl. ABB sales tax
	Standard appraisal + rebuild value	:	USD 503.50 incl. ABB sales tax
	Standard appraisal + renovation plan	:	USD 609.50 incl. ABB sales tax
	Appraisal of unbuilt plot & new construction	:	USD 450.50 incl. ABB sales tax
	Unbuilt plot	:	USD 318.00 incl. ABB sales tax

2. In case the principal orders a revision of the appraisal within three years, 50% of the rate with a minimum rate of USD 212.- incl. ABB sales tax will be applicable.
3. For the inspection in connection with the provision of the mortgage, after an appraisal that has been carried out by the same appraiser, an amount of USD 159.- incl. ABB sales tax will be due for each inspection. In case the broker has not done the appraisal before the construction has started, then the amount of the first inspection will be increased by half of the appraisal rate with a minimum of USD 265. - incl. ABB sales tax.
4. If the assignment for an appraisal is withdrawn after confirming the assignment to the appraiser, a fee of USD 212.- incl. ABB is due.

Article 2 - Commercial Real Estate

1. The rate is calculated according to the appraised value and always include a market and execution value.

	Up to USD 450,000.-	:	0,2% with a minimum of USD 575.- ,excl. ABB
	Upward of USD 450,000.- up to USD 2.250.000,-	:	USD 910.- + 0,175% above USD 450,000.- , excl. ABB
	Upward of USD 2,250,000.- up to USD 4.550.000,-	:	USD 4,080.- + 0,15% above USD 2,250,000.- , excl. ABB
	Upward of USD 4,550,000.-	:	USD 7,490.- + 0,125% above USD 4,550,000.- , excl. ABB

2. When appraising a rental price, the rate will be calculated according to the appraised rental value on an annual basis:

	Up to USD 45,000.-	:	2% with a minimum of USD 575,-, excl. ABB
	Upward of USD 45,000.- up to USD 225,000.-	:	USD 910.- + 1,75% above USD 45,000.- , excl. ABB
	Upward of USD 225,000.- up to USD 455,000.-	:	USD 4,080.- + 1,5% above USD 225,000.- , excl. ABB
	Upward of USD 455,000.-	:	USD 7,490.- + 1,25%  above USD 455,000.- , excl. ABB

3. The rate will be charged per plot. If the plots forms a complex, or if they can be equated with each other because of their location relative to each other, they are considered to form one plot for the purpose of calculating the tariff.
4. When appraising a share in a property, the rate is calculated according to the appraised value of the entire property.
5. When appraising the value of buildings on long lease land or the right of leasehold (whether or not with the rights of the leaseholder on the buildings), the rate is calculated on the appraised amount, plus the amount that equals ten times the applicable canon on annual basis. If there is no canon, the client and broker can agree that the rate will be increased by an amount to be agreed upon.
6. If the appraisal relates to more than one type of value, the rate will be calculated in accordance with the highest result of the rate calculation for the different values.
7. By revaluation within three years, 50% of the rate with a minimum rate of USD 609.50 incl. ABB will be charged.
8. For the inspection in connection with the provision of the mortgage, after an appraisal that has been carried out by the same appraiser, an amount of USD 159.- incl. ABB will be due for each inspection. In case the broker has not done the appraisal before the construction has started, then the amount of the first inspection will be increased by half of the appraisal rate with a minimum of USD 609.50 incl. ABB. 
9. If the assignment for an appraisal is withdrawn after confirming the assignment to the appraiser, a fee of USD 609.50 incl. ABB is due.


In need of an appraisal? Contact us right away!