Q – What is the definition of a property valuation – Australian Property Institute (API)
A -According to the Australian Property Institute (API) Rules of Professional Conduct, a valuation is defined as:
“valuation” means an established evidence-based valuation process for assessing the value, including but not limited to market value and market rent, of a tangible asset as at a specified date following a physical inspection of the asset by the Primary Valuer.
Q What is valuation process?
A -According to the Australian Property Institute (API) Rules of Professional Conduct, valuation process is defined as:
‘valuation process’ means all the necessary enquiries, investigations, procedures and processes including the
physical inspection of the tangible asset by the Primary Valuer, which is a pre-requisite for a valuation, required
to fully inform the Valuer’s reasoning and analysis in accordance with the practice accepted as proper by the
API
Q – Why should I use Kelly & Fitzgibbon Property Valuers and Consultants?
A –
- Kelly & Fitzgibbon Property are qualified valuers, and members of the Australian Property Institute;
- We have thirty five years property experience across advisory, valuations and sales;
- We will ensure that the valuation we conduct on your behalf is professionally undertaken utilising industry standards for accuracy and integrity;
- Each valuation is market based relying on recent sales evidence.
- We provide expert property advice you can rely upon.
Q – Why should I have my property valued?
A – There are many reasons you may wish to undertake a valuation of your property.;
- Buying, selling, marriage breakdown, insurance replacement value, leasing, seeking a loan, acting as an executor for a will, appealing an assessment by a rating authority etc.
- Whatever the reason, Kelly & Fitzgibbon Property Valuers and Consultants will provide you with an accurate, independent market valuation, supported by well researched sales and/or rental evidence.
Q – What will a valuation cost?
A – As the circumstances and requirements of each individual valuation may differ, please contact us for an estimate.
Q – How long does it take to have my property valued?
A – We cover the Melbourne and Mornington Peninsula areas, so we are able to provide a prompt turn around for your individual needs and circumstances. Contact us with your specific requirements and timeframes and we can provide you a more accurate appraisal.
Need to know more?
We are always happy to assist with additional information. If your need further information, please call us and we will be happy to assist.
Call us today Tel: 03 9596 0000 – Melbourne | Tel: 03 5977 1056 – Mornington or complete the contact form setting out your requirements and we will assist you with your property valuation and advice requirements.
