The Valuation Process

By: Edwards Valuations  06-Dec-2011


The procedure in carrying out a typical residential valuation involves:
  • Receiving instructions and establishing the purpose of the valuation.
  • Obtaining a current Certificate of Title.
  • Checking the Town Planning and zoning controls (Resource Management).
  • Checking the location including surrounding amenities and facilities.
  • Carrying out appropriate sales research.
  • Inspecting the property, noting construction, quality of fit-out, condition and calculating floor areas.
  • Inspecting and making comparisons with sales of other properties in the surrounding locality.
  • Assessing the valuation and preparing a written report.

Our standard turn around time for a valuation is between three to four working days from the time of instruction until you receive the report.  This time frame is dependent on our Valuers being able to gain access to the property in a timely manner. 

For those urgent assignments a shorter time frame may be negotiated directly with the Valuer concerned. 


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Other products and services from Edwards Valuations

06-Dec-2011

Services

Review of the property’s Certificate of Title, noting any registrations or detrimental features which may effect value or saleability. Investigation and analysis of recent comparable sales with proximity to the property being valued. Investigation as to the property’s Legal Description and Resource Management Considerations. Summary of surrounding locality outlining any notable features. Apportioned valuation (Improvements, Land & Chattels.


06-Dec-2011

Fee Guide & Valuation Process

A discount normally applies to an update of a previous valuation carried out by Edwards Valuations Limited. Payment is accepted by personal cheque, bank cheque, direct debit, Visa card or MasterCard or in cash. The client shall be liable to pay all costs and expenses of debt recovery and/or legal costs incurred. The cost of a valuation is very small compared to other expenses involved in a property transaction.