If you require a market valuation report for your property then you have come to the right place. We offer market valuation reports at affordable prices with fast turnaround times. Our valuations are conducted by experienced valuers who have access to most current market data to derive the most accurate valuation for market value purposes.
- What is a market valuation?
- Why do I need a market valuation report?
- What’s in a market valuation report?
- Why choose us for a market valuation?
- Our valuers
- Types of property we value
- How much does a market valuation report cost?
- How long does it take?
- I require a market valuation report, what’s next?
What is a market valuation?
A market valuation is basically the amount you could sell your property for if you were to sell it on the open market today. The formal definition of market value as defined in case law is ‘the amount that should be paid for an asset at a particular point in time, between an informed willing buyer and willing seller acting prudently, conscionable and without compulsion and after a proper marketing campaign’.
Why do I need a market valuation report?
There are many circumstances one would require a market valuation. Most commonly market valuations are sought by banks for mortgage security purposes. The general public seek market valuations for pre-purchase, pre-auction, pre-selling purposes or to find out how much equity they have in their property. This can help the client make an informed decision when purchasing and selling a property or for portfolio and investment purposes. These days there is a tone of information freely available about property online, however professional interpretation of this data is often necessary to avoid paying too much or selling for too little.
What’s in a market valuation report?
When it comes to valuation reporting, you have the option of getting a short form and a long form. For most instances a short form report is recommended and will suffice. Long form reports provide more information and explanation and hence cost more. Long form reports are typically used for litigation matters, high-end property or when a client requires more detailed information. Below is a brief description of the difference between short and long forms:
Short form valuation reports:
- List of comparable sales (3-4), professionally described, analysed and evaluated
- Market rental assessment
- Brief market commentary and statistics
- Two methods of valuation
- Any defects visible upon inspection (does not replace a pest and building report)
- Obvious detriments and potential impact upon market value
- Brief property and location descriptions
Long form valuation reports:
- List of comparable sales (4-6) – analysed, described and evaluated
- Title and deposited plan searched and analysed
- Market rental assessment with comparable evidence
- Detailed property market statistics and commentary
- Two methods of valuation and rational description
- Detailed building and land description
- Detailed location/suburb description
Why choose us for a market valuation?
Our team is focused on delivering informative and accurate valuations at an affordable price and with fast report turnaround times. You can be sure that our valuation reports will exceed your expectations. We are always available to answer any questions or address any concerns after the report has been delivered.
Our valuers
All our valuers are registered in the state they practice, are associate members of the Australian Property Institute and are certified practicing valuers. This basically means that our valuers have undergone all the rigorous tertiary education and work experience requirements to achieve the above mentioned status. You can be confident that our valuers adhere to the highest professional and ethical standards and produce quality valuations.
Types of property we value
We do valuations for all types of property and property classes. Residential property covers Torrens title, Strata title, Community title, Company title and Old system title to name a few. Residential property incudes houses/dwellings, units, apartments, townhouses, villas, terraces/row houses, duplexes and dual occupancies (semi detached duplexes held in one line, house and granny flat/retreat accommodation etc).
How much does a market valuation report cost?
Every property is unique and the valuation fee is determined by what the property is, where it is and the degree of risk involved with the job. You request a quote by clicking the link on the right centre of this webpage.
How long does it take?
We operate on a 48 hour turnaround time for the majority of residential (short form) jobs, however for urgent matters we can deliver the report within this time frame. Some property types may take longer depending on the uniqueness of the subject property. Long form residential, commercial, industrial and special use jobs have a minimum turnaround time of 5 days.
I require a market valuation report, what’s next?
Click on the link to register your details and request a quote or book a valuation. One of our friendly staff will be in contact with you to provide a quote or arrange a suitable inspection time for a valuer to inspect your property.
