Glossary entry

Italian term or phrase:

perizia immobiliare

English translation:

real estate evaluation / appraisal

Added to glossary by Isabella Nanni
Jun 23, 2020 12:03
3 yrs ago
32 viewers *
Italian term

perizia immobiliare

Italian to English Law/Patents Real Estate
Is this the same as a property valuation?

https://en.wikipedia.org/wiki/Real_estate_appraisal

In the UK, we have the valuation undertaken by the mortgage lender (ie. the bank) to check how much it is worth and if they are willing to grant a mortgage, depending on its condition. Then we have a property survey, which is a more indepth assessment by an external company, who checks for any potential problems the buyer might have, like mould.

I am also wondering what the difference is between "perizie tecniche" and "perizia immobiliare" in the field of real estate.

The context:

"Ti seguiamo passo passo per: ...........• ricevere una perizia immobiliare"
"Puoi rivolgerti a noi anche per compravendita di terreni edificabili, perizie tecniche....."

Any help would be hugely appreciated
Change log

Jun 28, 2020 14:47: Isabella Nanni Created KOG entry

Proposed translations

+1
11 mins
Selected

real estate evaluation / appraisal

"immobiliare" is restricted to real estate, "property" could be more general. The difference between a "perizia tecnica" and a "perizia immobiliare" usually lies in who is in charge of the evaluation, whether it's an engineer or a field expert, possibly appointed by the court or a third party, and the more general "perizia immobiliare" that is usually carried out by real estate agents with no proper technical background (quite a nightmare in Italy, most of them are definitely unprofessional, I do not know about other countries).

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Note added at 1 hr (2020-06-23 13:27:32 GMT)
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My pleasure. Real estate agents in Italy do suggest the “right” evaluation of the estate to the seller, only to lower it 2 weeks into the appointment after failing to have visitors/bidders.
Note from asker:
Thank you - very helpful. In that case we don't have an equivalent, as estate agents in the UK don't do surveys/valuations, just banks and specialist companies. These are good solutions you've proposed.
Peer comment(s):

agree Adrian MM. : valuation of land that includes buildings in EN law. Property can be personal/ movable cf. an auctioneer's valuation of goods/ chattels like paintings & jewellery https://www.proz.com/personal-glossaries/entry/4735420-periz...
1 hr
Grazie
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4 KudoZ points awarded for this answer.
+2
4 mins

property appraisal

I think this would cover all eventualities and maintains the vagueness of the Italian (which has evidently been written for marketing purposes rather than legal or technical purposes)

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Note added at 4 mins (2020-06-23 12:08:17 GMT)
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My suggestion will now be queried by the usual suspect from Louisiana, when he gets up
Note from asker:
Hahaha :D Well thanks Tom, it's a good option - as you say, I think the term in IT doesn't have a direct translation in EN, so maybe something rather vague like this would work best. I'll see what other suggest too.
Peer comment(s):

agree philgoddard : In my personal experience, appraisal is more common in the US, survey in the UK. But either is fine. And I live in Florida now :-)
2 hrs
agree Michele Fauble
6 hrs
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+1
16 mins

Property Survey

"Perizia immobiliare" usually refers to, as you mentioned, the valuation undertaken by the mortgage lender or a general assessment of the property while "Perizie tecniche" usually goes a bit more in the specific and looks at the use of certain materials, ie.: the property surveyor may ask for a "perizia tecnica" by an expert of cludding to check if there is any fire hazard/H&S issues.

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Note added at 43 mins (2020-06-23 12:47:11 GMT)
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Are you sure "Perizia immobiliare" is done by a mortgage lender and not the estate agency directly?

As said, usually it is undertaken by the mortgage lender. You may find this link useful.
Best,
Veronica

https://www.facile.it/mutui/guida/perizia-mutuo-cos-e-la-per...
Note from asker:
Are you sure "Perizia immobiliare" is done by a mortgage lender and not the estate agency directly?
Ah yes, I see. Great, thank you for the source
Peer comment(s):

agree Inter-Tra : According to this article there is a difference between perizia e stima/ valutazione https://www.allcottassociates.co.uk/blog/property-valuation-...
3 hrs
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