The property valuation involves not just the structure, but also the land on which it is situated.
The appraisal report generally includes an explanation of how the property’s value is determined, the size, condition and other factors such as improvements or materials used, potential structural issues, the location, recent market trends, maps and sketches.
The property valuation usually involves both the structure and the land on which it is situated. There may also be a situation whereby unpaid tax liabilities may need to be taken into account, which should also be reflected in the final property valuation report.
Property valuers may also be asked to provide a recommended ‘reserve price’ should the property be subsequently sold at auction.
If you need a residential property to be valued, some property valuers may offer you a 24 to 48 hour turnaround on most Property Valuation Reports.
Industrial and commercial property valuations usually take longer.
Please use our Business Directory Search facility to find ‘Property Valuers’ that service your local area.