A property consultant deals with the valuation of properties such as land, buildings, and other factors that influence the value of your property, a process that usually involves an external and internal inspection of the property. A valuation report is a legal document of the value of your property prepared for many different purposes.
The cost of a valuation varies according to the location, size, value, and importantly, type of the property to be valued, as well as the type of report required i.e. short-form report or long-form report that is more detailed and required particularly for a mortgage, feasibility, family law or litigation purposes.
Call us for your property valuation & advisory service on +234 (0) 703 667 7790 during operating hours.
A property valuation and a real estate agent’s appraisal are documents that are created for different purposes. An agent uses his expert local market knowledge to arrive at an opinion of a selling figure at which the property should be placed on the market, and sold.
While a valuation is a legal document and is carried out by a certified property valuer for a variety of clients including banks, solicitors, financial planners and individual property owners for a wide range of purposes.
During a property valuation, a valuer must physically inspect the property, measure the land and satisfactorily identify it against the title or plan of subdivision. The appointed valuer will physically measure the house, take a description of its condition and improvements, take a photo and review a minimum of three comparable sales from which to conduct a sales analysis.
A valuation is valid for a period of up to three months. But this can vary in a fast moving market.
There are many factors which contribute to a property’s value the most influential of which is the land component. The land size, location, topography, shape and aspect can, in some instances, account for up to 70% of a property’s value. The land component will also appreciate where building structures will always depreciate.
No. The valuer is not a whole house inspector. An Engineer, Architect, Electrician, Plumber, etc. are deemed to have expertise in their areas. The valuer walks through the house to get an idea of the general condition and accommodation. A valuation is not a guarantee of condition. You are encouraged to seek the advice of experts if you have any questions about the structural aspects.
The physical inspection of a typical property takes between ten and fifteen minutes. Sometimes an inspection can take longer if the dwelling is difficult to measure or has some unique features that require additional investigation by the valuer.
A valuation before you buy a property can provide you with an independent opinion of its value. This can help you negotiate the right price and save you money. Valuers will check the property’s title and zoning as well as provide a risk analysis which highlights any potential opportunities or threats.
Before you sell your property, a valuation can provide you with an assessment of current value before placing your property on the market. This figure may be different from what a real estate agent says your property is worth. The valuation report is a document that can be used as a negotiation instrument to ensure you do not sell a property for less than it is actually worth. A valuer can also provide you with tips on how to add value to your property.
A property consultant deals with the valuation of properties such as land, buildings, and other factors that influence the value of your property, a process that usually involves an external and internal inspection of the property. A valuation report is a legal document of the value of your property prepared for many different purposes.
The cost of a valuation varies according to the location, size, value, and importantly, type of the property to be valued, as well as the type of report required i.e. short-form report or long-form report that is more detailed and required particularly for a mortgage, feasibility, family law or litigation purposes.
Call us for your property valuation & advisory service on +234 (0) 703 667 7790 during operating hours.
A property valuation and a real estate agent’s appraisal are documents that are created for different purposes. An agent uses his expert local market knowledge to arrive at an opinion of a selling figure at which the property should be placed on the market, and sold.
While a valuation is a legal document and is carried out by a certified property valuer for a variety of clients including banks, solicitors, financial planners and individual property owners for a wide range of purposes.
During a property valuation, a valuer must physically inspect the property, measure the land and satisfactorily identify it against the title or plan of subdivision. The appointed valuer will physically measure the house, take a description of its condition and improvements, take a photo and review a minimum of three comparable sales from which to conduct a sales analysis.
A valuation is valid for a period of up to three months. But this can vary in a fast moving market.
There are many factors which contribute to a property’s value the most influential of which is the land component. The land size, location, topography, shape and aspect can, in some instances, account for up to 70% of a property’s value. The land component will also appreciate where building structures will always depreciate.
No. The valuer is not a whole house inspector. An Engineer, Architect, Electrician, Plumber, etc. are deemed to have expertise in their areas. The valuer walks through the house to get an idea of the general condition and accommodation. A valuation is not a guarantee of condition. You are encouraged to seek the advice of experts if you have any questions about the structural aspects.
The physical inspection of a typical property takes between ten and fifteen minutes. Sometimes an inspection can take longer if the dwelling is difficult to measure or has some unique features that require additional investigation by the valuer.
A valuation before you buy a property can provide you with an independent opinion of its value. This can help you negotiate the right price and save you money. Valuers will check the property’s title and zoning as well as provide a risk analysis which highlights any potential opportunities or threats.
Before you sell your property, a valuation can provide you with an assessment of current value before placing your property on the market. This figure may be different from what a real estate agent says your property is worth. The valuation report is a document that can be used as a negotiation instrument to ensure you do not sell a property for less than it is actually worth. A valuer can also provide you with tips on how to add value to your property.