Valuations

Getting an informed valuation on your property is not always as easy as it seems. At Terra, we have innovated the valuation process, using professionally qualified and experienced personnel, new ideas and new technology. Our focus on Real Estate knowledge-bases allows us to provide you with relevant comparables and supporting information. The result for you is a clear and comprehensive report and an accurate opinion.

Terra Caribbean is accredited to undertake valuations by the major Banks, Insurance companies and Finance houses in Trinidad and Tobago. Our team can assist in the following areas:

Acquisition or disposition
To establish lease or rental values
To establish collateral value for mortgage purposes
Balance sheet reporting
Compulsory acquisition
Development appraisal
Property taxation

Fee Schedule

0.25% of Valuation Opinion

e.g. Valuation = $1,000,000.00 TT

Fee = $2,500.00 TT plus VAT

For values over $10,000,000 TT the fees are negotiable

Note: The above reflects the base rate and is applicable to situations where all relevant information is available and no additional work, over and above the normal level of work required to complete a similar type valuation exercise is needed. Where additional work is required, appropriate adjustments will have to be made to reflect the nature and extent of such extra work.

Requirements For Valuation

Copy of Deed and/or Agreement for Sale
Copy of Cadastral Plan
Deposit of $1,092.50 TT for residential properties and $2,300.00 TT for commercial properties
TCP approval where applicable
Building plans where applicable
Utility bills where applicable
Rates and taxes where applicable
Insurance premium where applicable
Leases where applicable
Directions and access to property

Payments can be made at any branch of FCB to account no. 123208 and the deposit slip faxed to 628-1715 or emailed to infott@terracaribbean.com with your contact information. Alternatively you can come into our office where one of our friendly staff would be happy to assist you.