You may need to know a property’s value before selling it, applying for financing, or making another property-related decision. The appraisal fee depends on the property’s value and the work involved.
This is a reference fee guide for general-purpose appraisals of properties. The service includes a site visit and inspection, market research and analysis, preparation of a technical report, and delivery of the appraisal.
Reference fees
| Property value | Reference fee |
|---|---|
| $50,000–$200,000 | From $200 + VAT |
| $200,001–$450,000 | $250–$350 + VAT |
| $450,001–$750,000 | $350–$550 + VAT |
| $750,001–$1,000,000 | From $550 + VAT |
| Over $1,000,000 | 0.07%–0.10% of the value, depending on scope and complexity |
These figures are a guide, not fixed rates. Each appraiser sets their own fee based on the scope of work, the property’s location and complexity, the time required for analysis, and the professional responsibility involved in preparing the report.
What to check before hiring an appraiser
Before hiring an appraiser, verify that they are authorized by El Salvador’s Superintendency of the Financial System. Ask what the fee covers, how long the inspection and report will take, and whether VAT is included in the quoted amount.
Getting these details upfront can help you compare quotes and understand what the service includes. This guide is a useful starting point for our conversation.