• Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
Saturday, March 25, 2023
Viewpoint Housing News

ISSN:2734-3375

  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
No Result
View All Result
  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties
No Result
View All Result
Viewpoint Housing News
No Result
View All Result
Home Valuers Viewpoint

More Than The Real Estate Industry

viewpoint by viewpoint
February 14, 2023
in Valuers Viewpoint, Feature, Opinion
0 0
0
More Than The Real Estate Industry
0
SHARES
155
VIEWS
Share on FacebookShare on Twitter

Nwamaka Vivian Ofoma is an Associate Member of Nigerian Institution of Estate Surveyors and Valuers (NIESV) and a registered Member of Estate Surveying and Valuation Registration Board of Nigeria (ESVARBON). The Head of Practice at Viva Ofoma Consulting Firm of Estate Surveyors and Valuers. She is also the current Honorary Publicity Secretary of NIESV, Abuja Branch.

The Estate Surveyors and Valuers are one of the allied and key professionals in the Real Estate Industry; however, their scope of expertise exceeds it. For us to have a holistic understanding of the proficiencies of the Estate Surveying and Valuation Profession, it is essential to note the distinction between ‘Estate’and ‘Real Estate’. The profession is not limited to the Management, Surveying and Valuation of Real Estate (which is the general perception),but encompasses the Estate in its entirety.

Investopedia refers an Estate to mean: everything of value that an individual owns, that is, everything comprising of the networth of an individual – including all land and real estate, art collections, antique items, investments, insurance possessions, financial securities that the individual owns or has a controlling interest in, any other assets [tangible or intangible] and entitlement.

While Real Estate is consisted in real property, which includes physical land with the building, structure, resources and any attachments to it, as well as the interest or title subsisting in it.

This implies that the Real Estate is a major subset of the Estate.

And that is the reason an Estate Surveyor and Valuer who is proficient in such knowledge, can determine the value of items or possessions, and may be call upon to:

  1. Auction Personal, Public or company Properties/Assets exhibited to the general public for sale to the highest bidder.
  2. Provide a Certificate of value for Asset disclosure or Asset Declaration, Listing and Registration.
  3. Assess both opportunities and opportunity cost, while ascertaining the value of businesses for eventual transition by business owners during Mergers, Acquisition, Takeover Bid or Management Buy-Over;
  4. Establish the total value of a business asset, together with the current business operations, during Going Concern or Gone Concern for a Business in order to make decisions that are highly impactful, understand the subtle dynamics of the business and increase the overall performance for future growth.

Indeed, the expertise of an Estate Surveyor and Valuer is quite extensive.

Nwamaka Vivian Ofoma

Tags: real estateEstate Surveyors and ValuersNwamaka Vivian OfomaNigerian Institution of Estate Surveyors and Valuers (NIESV)Estate Surveying and Valuation Registration Board of Nigeria (ESVARBON)
Previous Post

Real Estate Firm Resolves to Reinvigorate Customers' Trust In Bridging Housing Deficit Gap

Next Post

NPC Primed For Hitch-Free 2023 Housing and Population Census -- Isah Kwarra

viewpoint

viewpoint

Related Posts

Housing And Population Census Will Be Conducted In 2022 — NPC Assures
News

No Room For Proxy During 2023 Housing and Population — NPC

March 24, 2023
Foundation Group Advocates Female Ownership of Landed Properties
Real Estate

Foundation Group Advocates Female Ownership of Landed Properties

March 24, 2023
P/Harcourt building failure: Gov Wike should set precedent
Housing

Rivers State Govt. Issues Eviction Notice to DAAR Communications

March 23, 2023
Lagos Adopts Ways To Sustainable ‘Livable City
Real Estate

Lagos and Lords of Real Estate, Refineries, Reforestation

March 23, 2023
Surveyors Urge Caution Against Patronizing Quacks
News

Surveyors Urge Caution Against Patronizing Quacks

March 22, 2023
Edo State Governor Inspects Hospital Building Projects
Housing

Edo State Governor Inspects Hospital Building Projects

March 22, 2023
Next Post
Housing And Population Census Will Be Conducted In 2022 — NPC Assures

NPC Primed For Hitch-Free 2023 Housing and Population Census -- Isah Kwarra

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Browse by Category

  • Valuers Viewpoint
  • Magazine
  • Mortgage
  • Africa
  • World
  • News
  • Housing
  • Real Estate
  • Interview
  • Events
  • Feature
  • Opinion
  • Editorial
  • Foreign
  • Uncategorized
  • Photo News
  • Environment
  • Videos
  • Apartment
  • Green
  • Real Estates

Recent News

Housing And Population Census Will Be Conducted In 2022 — NPC Assures

No Room For Proxy During 2023 Housing and Population — NPC

March 24, 2023
Foundation Group Advocates Female Ownership of Landed Properties

Foundation Group Advocates Female Ownership of Landed Properties

March 24, 2023
  • Contact
  • Privacy & Policy
  • About Us
  • Advertise

© 2022 Viewpoint Housing News. All Rights Reserved

No Result
View All Result
  • Home
  • News
  • Real Estate
  • Housing
  • Properties
  • Videos
  • Photo News
  • Magazine
  • Opinion
  • Advertise
  • Properties

© 2022 Viewpoint Housing News. All Rights Reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In