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The Essential Tips When Getting A Property Valuation
There are a number of issues that every party instructing a valuer must do in my opinion to obtain an accurate and true assessment of value. The six essential tips when getting a property valuation.
- Letter of Instruction
- Date of Valuation
- Copy of Certificate of Title
- Contract of Sale or Rates Notice or any sales that you are aware of or information specific to your locality
- Lease If Applicable
- Make sure that the valuer that is valuing your property has the qualifications and expertise
Expert Property Valuations & Consultants in Melbourne
Real estate may be considered as an evolving market, a market not dissimilar to that of the stock market. An ever changing market that is constantly affected by traditional and non traditional market forces. With today’s technology, not only must you have the implicit data, but importantly you must be able to analyse, dissect, formulate and arrive at a value that will encompass all market forces. In saying this, it is not enough just to collate data and hopefully be near where the value is, you need experienced professionals, not only in the sense of longevity of varying market cycles, but in being able to fully summarise and arrive at value taking all factors into account.
The Top 9 Tips In Getting A Great Apartment Valuation
1. Be very specific and actually measure your apartment area and associated areas
One of the most important aspects of determining a value of an apartment is the size of the apartment itself, the size of associated areas such as balcony/terrace area and storage cage, if applicable. In short, the valuer assesses value of the apartment on these units of comparison. If there is a variance between the actual size and perhaps what the valuer measures, you have an ideal point to commence any discussion as to the assessed value. This is critically important.2. Recent Sales Evidence
If you know the sale prices achieved of any recent property sales within your specific development, within the last 3 months, or even the last 6 months, have that information available for the property valuer and provide them with a copy of details of the sale.

