Current Market Value
Valuations SA provides Current Market Valuations for a
variety of purposes, including:
Capital Gains Tax
Deceased Estate
Family Law/Settlement
Pre-purchase
Pre-sale
Property Settlement
Retrospective
Separation
Stamp Duty
Superannuation Fund
What is a market valuation?
A market valuation is basically the amount you could sell your property
for if you were to sell it on the open market today. The formal definition of market value as defined in
case law is ‘the amount that should be paid for an asset at a particular point in time, between an
informed willing buyer and willing seller acting prudently, conscionable and without compulsion and
after a proper marketing campaign'.
Why do I need a market valuation report?
There are many circumstances one would require a market valuation. Most
commonly market valuations are sought by banks for mortgage security purposes. The general public seek
market valuations for pre-purchase, pre-auction, pre-selling purposes or to find out how much equity
they have in their property. This can help the client make an informed decision when purchasing and
selling a property or for portfolio and investment purposes. These days there is a tone of information
freely available about property online, however professional interpretation of this data is often
necessary to avoid paying too much or selling for too little.
What’s in a market valuation report?
When it comes to valuation reporting, you have the option of getting a
short form and a long form. For most instances a short form report is recommended and will suffice. Long
form reports provide more information and explanation and hence cost more. Long form reports are
typically used for litigation matters, high-end property or when a client requires more detailed
information.
Please contact us for a guaranteed competitive
quote.
