Who will do my valuation?
When you contact My Valuer, we make sure you are provided with a Registered Valuer that best fits your property type.
How much will it cost?
My Valuer provide the best quality service for a fair cost.
Commercial and industrial fees are set according to the size and nature of the valuation and are best discussed with the Valuer involved.
Prior to commencement of the valuation, we ensure the party responsible for paying the fee is given a fee quote, and provided with our standard terms of engagement
Do I need to sign anything?
A Terms of Engagement letter is sent out immediately upon instruction. This summarises the fee, valuation brief and scope of services.
What will you base my valuation on?
The basis of value reflects the most probable price that would be achieved in a hypothetical exchange in a free and open market, and results in the Market Value of the property.
Market Value is defined as:
“…the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”.
This is the internationally accepted definition of Market Value and forms the basis of our Market Value assessment.
What is your process?
We organise a suitable time to inspect the property, and physically measure all improvements. This normally takes around half an hour to forty minutes for residential property, or longer for lifestyle/rural and commercial.
We then look at all sales considered comparable to the property. These are researched and the nature of the property and transaction are clearly understood by the Valuer.
We then write a comprehensive report on the property, detailing the land and physical improvements, as well as legal details, zoning, and sales.
My Valuer will contact you prior to releasing the report to confirm the valuation, and discuss our assessment with you.
Can I just rely on my RV (Rating Valuation)?
Rating Valuatons are carried out on a mass appraisal freehold basis for rating purposes only. These values are updated once every three years and in many instances the properties are not inspected.
You or any other party should not rely on these as a basis for sale, purchase or mortgage security. To do so can result in uninformed decisions being made, and potentially a substantial loss to you.