When dealing with real estate property, a valuation is a must. It will provide an accurate report of the value of your home or investment. For this, you will need an expert, aka, a qualified house valuer. Whether you want to buy, sell, rent, or mortgage, it is highly recommended to order a valuation. It’s a report that will inform on you on more than just market value, you will learn about current market trends, the state of the local market, the condition the property is in, its features, and any issues that may need to be addressed. How thorough and complete a valuation report will be, depends on the property valuer you hire.
Here are some tips to choose a real estate property valuer
Start with research – When looking for any qualified professional, a good place to start is to ask for recommendations from those you trust. You can ask your friends, family members, colleagues, or trusted advisors for advice. If this yields no results, take to the internet. See who is available in your area, read about their qualifications and their check their reviews.
Check if they are registered – A decent real estate professional would be a registered member with the API (Australian Property Institute). The best ones will be certified and accredited by this institution. API-certified valuers produce reports that can be accepted by the government and law courts to resolve various issues like legal, matrimonial, family, and property disputes. Their work would also be accepted for loans and tax purposes.
Enquire about their previous experience – This may already be known if you have found testimonials, and reviews while doing your research or when you were recommended a valuer. If you haven’t already, see what you find about a valuer’s background and experience. Have they been in the industry long? Have they performed these types of valuations before? As we all know experience is essential for any service and as valuations are so crucial to real estate matters, you’d want to make sure you hire a reliable professional.
Find out what services they provide – The best companies offer a wide range of property valuation services for various property types like – residential, land, commercial, industrial, agricultural land etc. A company that is a one-stop for property solutions is more likely to have exactly the right professional for you.
Know their specialisation – Look, not everyone is a master of everything. Some possess specialisation in rental properties, some in new properties, some are great for residential pre-sale advice and others are experts in rental commercial properties. The specialisation of the valuer can vary as per their interest. Know what kind of valuation you want then look for the expert person in that field to guarantee the best possible report for your situation.
Ask about their fees – Unfortunately, a professionally conducted valuation does not come free of charge. Valuations services decide on their prices differently. Some base their fees on the size of the property, its distance from their office and the type of report that will need to be created. Others offer a standard fee that is adjusted by other factors. Cheapest is always best for your pocket. If a valuer delivers sub-par work, depending on the circumstances you may need to pay for a second valuation to replace the first. Do choose what is most affordable but remember our other tips before coming to a final decision.
We hope with these tips you’ll find the right professional for you amongst the many registered valuers in Sydney. For more information, seek advice from a property professional today.