We are duly licensed and competent real estate  appraisal authorities in the country. All properties are required to be valued at fair market values in the owners’ or company’s financial statements in compliance with global and international financial reporting standards.  Properties for sale, resale and under litigation are always required to be appraised for better valuation and for fair reporting and appreciation to both sellers and buyers. Just tell us what you need or how we can help you.

Are costs of your properties like land, buildings, properties and equipment valued already 10 years or more? With rising and appreciating property values, your business may be losing but in reality you are gaining. Tell your stockholders, management and banks you deserve better. Be updated. We are duly licensed and competent real estate appraisal authorities in the country. All properties are required to be valued at current fair market values in the owners’ or company’s financial statements in compliance with global and international valuation and financial reporting standards.

Valuation services available from GARAY REALTY & CONSULTING include the appraisal of property such as land, land improvements, buildings, building machinery and equipment, plant machinery and equipment, patents, franchises, trademarks and other tangible and intangible assets. Appraisal of corporate assets may be for purposes of determining collateral sufficiency to secure financing, insurable values, ad valorem or estate taxes, acquisition and investment, sales and leaseback transactions, valuing capital stock of closely-held companies, depreciation accounting, rate case testimony and other corporate requirements pertaining to property value, control and economics.

GARAY REALTY & CONSULTING also performs enterprise valuations for total businesses, all capital stock and controlling interest; and intangible assets, e.g. patent and patent applications, license, agreements, and other contracts; trademarks, secret formulas and processes; copyrights; mailing lists; franchises; mineral rights, water rights, product development; assembled organizational goodwill and other non-identifiable, non-amortizable, intangible assets and minority interests.

In addition to valuation services, GARAY REALTY & CONSULTING also assists decision-makers in the verification of property accounts and in the areas of asset management, condition surveys, capital cost control, electronic data processing property records, special analyses of remaining life, capital facilities replacement, pre-merger or pre-acquisition. Our firm has strengthened its project commercial services with market, highest and best use, project feasibility, and socio-economic studies, technical due diligence, relocation surveys and project financial audits. The firm and staff has also been invited to lend its expertise before courts, boards, and commissions, both in the Philippines and abroad.

We conduct our business with a high level of professional standards and we adhere to utmost integrity and independence in appraisal practice. We always value the reputation of establishing a rapport with our customers and the development of long-term relationships.

Fixed Assets Appraisal


Land Improvements

Buildings and all types of physical structures

Building Fixtures

Machinery and Equipment

Transportation Equipment (land, water, air, railroad)

Public Utilities (power, telecommunications, gas, water)

Furniture and Office Equipment


Standing Crops

All kinds of properties or fixed assets

Real Estate

Residential, Commercial, Industrial, Agricultural, Subdivision, Institutional, Recreational, Mineral

Other Land Improvements
Roads, Water Supply, Drainage System, Canals, Railways, Bridges, Dam, Landscaping, Retaining Wall

Machinery & Equipment
Residential, Commercial, Industrial, Institutional
Plant machinery and equipment – (Lights, Medium and Heavy Industries)
Transportation Equipment – (Land, Sea, and Air Transportation.)
Furniture and Office Equipment

Agricultural Buildings (Barn, Farm House, Pigpen)
Commercial Buildings (Bank, Shopping Mall, Warehouse, Office Building)
Residential Buildings (Apartment, Dormitory, House)
Educational Buildings (School, Museum, Theater)
Government Buildings (Capitol, City Hall, Embassy, Police Station) Industrial Buildings (Brewery,
Factory, PowerPlant) Military Buildings (Barracks, Banker, Fort) Parking and Storage (Garage, Hangar,
Boat House) Religious Buildings (Church Mosque, Monastery) Transit Station (Aircraft Terminal, Bus
Station, Ferry Ship)
Medical Buildings (Hospital, Medical and Dental Building)

Business Valuation

Total Business Enterprise Valuation

Valuation of Shares and Stocks




Permits and Licenses

Patents and Acquisitions

Stocks swaps

External Financing and capital restructuring

Marketing Study

Anticipated Land Development

Industry Assessment

Auxiliary Valuation Services

Title Verification

Verification of Technical Description

Title Search

SEC and BOI Registration

Expert Witness on Court Hearing

Real estate appraisal – From Wikipedia, the free encyclopedia

Real estate appraisal, property valuation or land valuation is the process of developing an opinion of value for real property (usually market value). Real estate transactions often require appraisals because they occur infrequently and every property is unique (especially their condition, a key factor in valuation), unlike corporate stocks, which are traded daily and are identical (thus a centralized Walrasian auction like a stock exchange is unrealistic). The location also plays a key role in valuation. However, since property cannot change location, it is often the upgrades or improvements to the home that can change its value. Appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property.

Besides the mandatory educational grade, which can vary from Finance to Construction Technology, most, but not all, countries require appraisers to have the license for the practice. Usually, the real estate appraiser has the opportunity to reach 3 levels of certification: Appraisal Trainee, Licensed Appraiser and Certified Appraiser. Appraisers are often known as “property valuers” or “land valuers”; in British English they are “valuation surveyors”. If the appraiser’s opinion is based on market value, then it must also be based on the highest and best use of the real property. In the United States, mortgage valuations of improved residential properties are generally reported on a standardized form like the Uniform Residential Appraisal Report. Appraisals of more commercial properties (e.g., income-producing, raw lands) are often reported in narrative format and completed by a Certified General Appraiser.

Key Points In An Appraisal Report –

In every appraisal assignment, the appraiser should see to it that the client understands not only the final value, but the appraisal report in its entirety.

The Appraisal report is the product of the whole appraisal process. It is an important document for a decision maker in deciding whether or not to accept the real estate transaction. It outlines the strength and weaknesses of a property. Thus, the conclusion in the report can make or break any real estate negotiations.

Besides market value, what are the other factors that a property owner, real estate practitioner or investor should look into in an appraisal report?

Here are some of the major factors to consider as you read over the appraisal report.

Proper identification of the property.

The most important in an appraisal is the proper identification of the property. Definitely, a wrong property identified results to a wrong appraisal. The appraiser should indicate the correct characteristics of the property like shape, size, depth, age, topography and boundaries. Documents such as the property title and tax declaration should match with the public records in the city assessor, engineering, city planning and Bureau of Lands.

Market trends. 

If the market values has been going up, but the report says the market is going down, that could not support the final value. The report should show what is unfolding in the market otherwise, that could lead to erroneous adjustments in the report.

Neighborhood Boundaries. 

The neighborhood boundaries listed in the appraisal report should show the correct similar neighborhood on which the subject property and the comparable sales are located. It can make a big difference if the wrong comparables are used from inferior or superior neighborhoods.

 Selection of comparables (comps).

The comparables used are the good substitution of properties a buyer might consider purchasing instead of the subject property. It should almost be identical with the property appraised. Otherwise, it is a wrong comps and questionable.


Some reports may make an adjustment by just getting the  average of the total price of comps in the market. It does not reflect the real estate market and are not reasonable.


In measuring the improvements, appraisal report should present  a relatively similar to official records or to what a buyer know of the property. It is important to double-check, in case of error.


The report won’t show an adjustment for every single update, but the final value should consider improvements. Keep in mind of course that not all improvements contribute to value. For example, a swimming pool in the backyard probably won’t be a huge plus in a beach area.

Qualification of the appraiser.

Appraisal reports mirror the experience and qualification of the appraiser. Property owner, investors and real estate practitioners should look for appraisers that are not only licensed but possess a certain level of experience. The report should indicate the client list and types of property appraised by the appraiser. This will show if the appraiser is qualified to do the assignment.

Now that you know the important elements of an appraisal report, it is time to get one from an appraiser. Remember that your property is one of your most important lifetime investments. The money spent on a quality appraisal is well spent.


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