Buying or selling a house, are you to protect your future financials, and getting the best out of your investments in the future? Therefore, you should consider hiring an independent property valuer to conduct a valuation service tailored to your property related purposes.
A property valuation can be used for multiple scenarios whether it for high stake financial purposes, such as mortgage approvals, re-mortgaging and sales. There are pros and cons involved and without an experienced and highly qualified valuer you will receive a biased opinion on your property’s worth and this can have a major impact on the future of your investment.
By hiring an independent valuer, you will receive a detailed comprehensive and accurate picture of your estates financial potential to steer you in the right direction whether you’re wanting to sell or buy a property. Whether an investor or an owner, a property valuation tailored to you will give you the peace of mind you deserve.
We have complied various ways in which an independent valuation company works in your best interests and safeguard your financial assets.
Understanding the accurate value of your property
Before getting a mortgage approval, your bank or lender will require a mandatory valuation of the property. However, a in-house lender facilitated valuation wont always work in favour of your best interests. Lender-associated valuers are biased and don’t reflect the actual worth of your property which is often low-balled.
A low-ball valuation detracts buyers, and this can complicate the selling process, say that you listed your house at $350k and the valuation they have calculate is only $325k, this gives the buyer reason to believe the property may not be a good investment. To promote buyer confidence, we ensure our team of independent valuers will give you the results that are true and unbiased of opinion.
Its on in the details
When you receive a property valuation from us, we guarantee that you will receive a tailored service, with a valuer that is local to the area. With the extensive knowledge and data analysis conduct by the valuer, you will receive a comprehensive report to help you make an informed decision related to your property.
Here are some of the factors used in a valuation report:
- Actual Market value: This is calculated with high-end analysis tools and then cross-reference with similar sales in the neighbourhood for accuracy and the physical condition of the property.
- Rent rate achievable: Very handy to revisit rental prices in existing properties and making new investments.
- Market risk: This score measures your property’s vulnerability to market sentiment and conditions. Typically, your property is ranked in eight categories, with scores given out of five.
- High-quality photographs of the interiors: Very valuable if you want to enhance buyer confidence. These photographs help you showcase a time-lapse of your property ─ how it has stood firm against the test of time.
Realistic Expectations
You may think you know the true value of your property, but many owners tend to overestimate the value due to personal affiliation or buy using a real-estate agent to determine the worth of your property. Real estate agents are a conflict of interest as the set unrealistic expectations for the buyer in hope of accelerating the sale.
As an independent valuer, you will receive a neutral unbiased opinion that reflects the true position and reality of your property during negotiations and mediations. Our valuation reports also lay a roadmap for informed financial planning.
Without extensive research into having a clear insight and knowledge of the budget, sitting through negotiations without knowing all the facts, will set you back in terms of the selling process. By having an independent valuation report you are a step ahead when it comes to the future sale of a property and negotiations for potential buyers.
A valuation is not just for selling or buying property
Our Valuation company has valuers with over 20 years’ experience in the property market. An independent valuation is not only resourceful in terms of selling or buying property. A valuation gives you insight into paving the way for financial planning and decisions in several other circumstances.
For instance:
- Refinance your mortgage
- Renovating your property for (assurance for an increase in value)
- Family law & litigation
- Stamp duty ATO Taxation
- Related part transfer
- Retrospective (back-dated) Valuation
- Compensation
Depending on your purpose, our team of valuers will have a service best suited to your property related purposes to give you the best outcome you deserve.
Real estate property is a big investment one can say it is one of your biggest assets, and with that you want to have the best knowledge and resources to give you a peace of mind in the future for your financial situation and property potential. Having a detailed valuation report on hand and the objective opinion of a professional valuer by your side, you will be a step ahead and feel secure in all future related decisions.
Author Bio
Samantha Grant – LinkedIn Profile Samantha Grant is a specialist in her field and has been working within the property valuation industry for over 20 years. As a Senior Valuer, Samantha is an authority in all forms of residential, commercial, and industrial valuations and has served as an expert witness in high profile litigation proceedings. Samantha’s professional knowledge is often utilised in industry conferences, seminars and performs guest lectures as an industry expert.
September 29, 2021
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