What is a property valuer and how does it do its job?
When purchasing a home, it is usual to request a property valuation to know the market value of the property, and an essential step in the event that a mortgage is going to be requested, since it is the financial entity itself that he asks for it, in charge of the buyer, in order to know the value of the good to be mortgaged and calculate according to it the amount to be lent. Read more @ goldcoastpropertyvaluers.com.au
In addition, there are also cases in which it is the same owner of the property who decides to assess your property, in order to establish a sales price based on the opinion of a professional and so let potential buyers know.
Normally, banks have a fixed agenda of Gold Coast Property Valuers to those who request the valuation, but if we decide to request a valuation on our own, we must take into account that the law requires that the Gold Coast Property Valuer be an architect, technical architect, industrial engineer or – in the case of valuation of agricultural land -, agronomist, and that is attached to a valuation company.
How a valuation is done
When a valuation is requested from a Gold Coast Property Valuer, he sends the client a budget. Once this is accepted, the professional begins his work.
Normally, the first step taken by the Gold Coast Property Valuer is to request a simple note in the property registry, in order to collate the information provided by the owner of the home with which he is registered. In addition, it also requests a copy of the deed and compares the data with those of the castrate and the town hall.
Of course, an essential step to perform the valuation is for the professional to visit the property to check its status, location, distribution, lighting, facilities etc.
Finally, it will make a study of the housing market for sale that there is in the environment of the home that has to be assessed, making calls to apartments of similar characteristics for sale and comparing the offer in real estate portals and agencies.
Once the value of the home is considered, the Gold Coast Property Valuer prepares the report, signs the valuation, and in the case that he works for a Gold Coast Property Valuer, sends it to it to check that everything is correct and also stamp the signature of the company.
What factors are taken into account when making a valuation
When making a property valuation, the professional will fundamentally take into account the following aspects:
- Surface: square meters and distribution of housing.
- State of the house: conservation of the house, if it is reformed, qualities of the reform.
- Location of the house: we are all aware that depending on the place where it is located, its price is different, although it has the same characteristics. The Gold Coast Property Valuer takes into account the geographical situation of the same, but also other factors such as its proximity to leisure areas where there may be noises at night or the proximity of basic services such as schools, health center or supermarkets etc.
- State of the building: if the building is rehabilitated, if it has an elevator, if it has passed the technical inspection of vehicles, state of the facade, of the common areas and of the facilities.
- Orientation, ventilation and quality of the windows : orientation of the house according to the place where it is located (a west-facing house will not be valued in a cold area of the country than in a hot area, for example), If you have good natural light or views. In addition, it is also taken into account that the house has good windows that provide good insulation, both in the face of external noise and to protect it from both cold and heat.