If your property has been identified as being required for public purposes, an authorised authority will require the acquisition of your land, whether a portion or total property, and subsequently will begin negotiations as to the correct amount of compensation payable for this procurement.
Whatever your requirement, Valuations SA is ready to assist you in negotiating a fair settlement with the acquiring authority.
Compensation valuations for the purpose of Compulsory Acquisition are extensive valuation reports of over 25+ pages. They must be completed by a registered valuer who will accurately assess the Just Terms and Heads of Claim to ensure your settlement is a fair and thorough one.
The Heads of Claim include:
The amount that would have been paid for the land if it had been sold at that time by a willing but not anxious seller to a willing but not anxious buyer.
This describes how the valuer will assess any special value of the land to the landowner that puts them at a financial advantage i.e. the special value the owner would be prepared to pay to retain the land. It must be specific to the landowner only.
This refers to any loss attributable to severance generally arising from the separation or division of the land and as a result the reduced value of the remainder.
This encompasses any loss attributable to costs reasonably incurred by the landowner as a result of the acquisition including but not limited to legal costs, valuation fees, relocation costs, stamp duty, mortgage costs, and any other financial costs associated with the acquisition.
All of our property valuers are registered with the Australian Property Institute (API) and all have a minimum of 20 years’ experience. We can have one of our expert valuers out to inspect your property within a day’s notice, with our reports only taking 3-4 days to complete.
For a free quote, or for any general enquiry, please call our office today on (08) 7078 3538 and our friendly staff will be happy to assist you. Alternatively, please fill out your details in our Online Enquiry Form and we will get back to you as soon as possible.
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