Consumer Guide to Property Valuations
What is Property Valuation and why do I you need to understand it?
Property Valuation is a broad term that can mean different things to different people.
What is often thought of as Property Valuation is actually a real estate agent’s ‘ market appraisal ’.
This is your agent’s opinion of what you can expect to get for your property, using figures on properties bought and sold in your area and their knowledge of the market place at the moment.
To Find A Good Real Estate Agent in Your Area to Help With Your Property Valuation Click Here
However, the true meaning of ‘ property valuation ’ is a formal assessment of the value of your property given by a Certified Practicing Valuer or what we will refer to a Certified valuer.
A Certified Valuer is a tertiary trained and independent valuer who will calculate the value of your property using a mixture of research, statistics and mathematical formula.
So we could say an appraisal is a learned guess while a property valuation is a carefully constructed conclusion.
So what type of assessment or property valuation do you need ?
What is the point of allowing an agent to give an appraisal of your property ?
It’s important to understand the basics of each of these services, especially when dealing with getting a valuation on your most valuable asset.
It is also critical in complex situations such as investment or commercial property, where the kind of money involved can really make or break the investment.
So, let’s learn about Property Valuation!
You will find this website full of useful information. Here is an introduction to each of the subjects discussed on this site:
Property Valuation Services
When is a property valuation service not a property valuation service? When you are looking for Property Valuation Services you will come across a few different levels of service coming under this one banner. Put simply ... click here to read more
Free Property Valuation
A Free Property Valuation is usually an appraisal offered by a real estate agent. It’s their opinion of the amount you could hope to sell your property for, in the current market. While a free property valuation shouldn’t be the last valuation you seek ... click here to read more
Online Property Valuation
An Online Property Valuation is a ‘market approach’ valuation based on criteria that does not include an onsite inspection of your property. Often, an online property valuation is simply ... click here to read more
Property Valuation Report
A Property Valuation Report is a document that shows the price your property is valued at and it lists the criteria used to come to that conclusion. The term ‘property valuation report’ sounds like an objective ... click here to read more
Commercial Property Valuation
A commercial property can range from a strata office suite to a multi-storey building. When you’re purchasing commercial property, you are usually dealing in substantial sums of money, which is why it is important to ... click here to read more
Investment Property Valuation
As an investor you will want to make money on your purchases. Therefore, your prime objective when looking for property is to estimate the fair market value as accurately as possible. To ensure yourself the best chance of success you will need to understand how the value has been arrived at..... click here to read more
To Find A Good Real Estate Agent in Your Area to Help With Your Property Valuation Click Here
