When buying or selling real estate, a property valuation is beneficial because it provides an assessment of fair market value for a specific property.
If you live in Sydney it is best to use a property valuation Sydney based company that has relevant experience and in-depth local knowledge to accurately analyse and assess the property. Even though Sydney is a vast and diversified city, large property valuation Sydney companies have valuers who specialise in assessing properties in your local area.
When buying a house a property valuation Sydney company can assess the value of the land and building you are intending to purchase and ensure that the listing price is equal to its value. Property valuation Sydney certified valuers regularly assess a wide range of properties, so they understand what adds value and what detracts from a property.
Valuers are independent and have no vested interest in the properties they value. They assess the land, buildings, improvements and other factors that influence the current or past value of your property. This process usually involves an external and internal inspection of the property and the resulting valuation report is a professional and legal assessment of the value of your property.
When buying property that is in need of renovations a property valuation Sydney company can only assess the current value of the home and those of similar properties in that area.
A property valuation Sydney company will provide a report post inspection, which is used for various purposes, including:
- marital or business separation
- house hunting
- investment property
- informed decisions
- mortgage or financing
- estate or probate proceedings
Engaging a property valuation Sydney company is useful when buying an investment property in Sydney because the valuation report can be used for calculating capital gains tax and rental determinations, ensuring you maximise your return investment.
Certified valuers play an important role when you are selling your home or investment property. The assessment and valuation report provided by a property valuation Sydney company will determine the current market value for your property and assist in setting the price for a private sale, or the reserve at auction.
A full valuation involves an internal and external inspection of the subject property. The cost of a full valuation starts at $300 and can vary depending on the specifics of your property.