Following years of dedication to their businesses, medical practitioners are increasingly researching financially flexibility when it comes to property. Practitioners require capital to grow the business and cement their future and releasing the capital tied up in real estate can provide many valuable benefits. As simple as it may seem, the best way to achieve this is via a standard ‘leaseback’ arrangement.
Redeploying capital back into the growth of your core business through leaseback is increasing in popularity. The key benefits astute business owners choose this option are to:
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
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.