FAQ
When do I need a Valuation ?
- Deceased Estate
- Stamp Duty
- Matrimonial Property Settlement
- Succession Planning
- Capital Gains Tax
- Resumption
Why use a Registered Valuer ?
- A registered valuer can provide a "Sworn Valuation"
- Recommended by the REIQ when buying property
- A registered valuer is considered an Expert Witness by the Courts
- Valuers undetake extensive training and are required to maintain competency
How can I assist the Valuer ?
- Provide a Rates Notice, any Floor Plans or sub-division plans if available
- Know who the managing agent is for your investment property
- Secure the dog during the inspection
What training do valuers undertake ?
- Usually a three year full time university degree course
- Plus a cadetship or at least one year supervised field work
- A minimum 20 hours Continuing Professional Development annually
- Complete a Risk Management Module every second year of practice
What does a valuation report usually include ?
- Purpose of the report & Legal property description
- Address of the property & Date of inspection
- Description of the Land & Improvements
- Method of Valuation & Evidence relied on by the valuer
- Signed Valuation Amount & Limitations of the report
