National Property Valuers – Our Blog

Independent & Accurate Property Valuations

Analyse the Worthiness of Property Before Signing the Buying Deal

proerty_valuation_ServiceProperty valuation is essential before buying a property to check whether it is worth for the money. If you are buying the property by taking a loan from the bank then the loan application form will be processed only if you submit the property valuation details.

Some of the details that present in the Property Valuation Report help in analysing the value of the property. If it is a residential asset then the details include location specification, type of building and its present condition, building structure and its strength and weakness, the way the property is presented with good interiors and exteriors, vehicle access and garage, and restrictions in planning and approval by local counsellors. A detailed report on all these will help a prospective buyer to arrive at decision.

Other than the above discussed factors, the property valuation report will also have details regarding the following:

Analyse the Worthiness of Property before Signing the Buying Deal_420x0Market Value Of The Property – Market value of a property is an average estimated value of a property at the present economic conditions. Market value will change based on many external factors. Market value put by the property valuation professionals helps the buyer in determining the current price of the property in the market. Most of the property deals are signed based on market value of the property.

Value In Use – This value is the net asset value that is generated by the property at present by its present owner. By checking the difference between the investment value and present market value helps a buyer in knowing the motivation behind the property sale.

Property Insurance Value – This value is the coverage given by the insurance company. In today’s changing environmental condition it is necessary to insure the property and feel safe about it. Property_Valuation

Liquidation Value – If you want to sell the property in case of emergency then how much will you be able to get in a normal market condition?

A thorough valuation of a property allows you to become an owner of those properties that will have high demand in the future.

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This entry was posted on April 24, 2013 by in Property Valuation and tagged , .
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