FAQ's

A valuer assesses the value of land, buildings, improvements and other factors that influence the value of your property, a process that usually involves an external and internal inspection of the property. Valuers are independent with no vested interest in the properties they value. A valuation report is a professional and legal assessment of the value of your property prepared for many different purposes.

An independent valuation and a real estate agent’s appraisal are documents that are created for different purposes. An agent uses his expert local market knowledge to arrive at a selling figure at which the property should be placed on the market. A qualified property valuer carries out a valuation for a variety of clients including banks, solicitors and individual property owners for a wide range of purposes. At Rohit Sharma & Associates, you get the best of both the worlds, a realtor’s opinion as well as a Qualified Property Valuers appraisal.

The cost of a valuation varies according to the location, size, value and type of the property to be valued, as well as the type of report required, i.e. short-form three page report or long-form report that is more detailed and required particularly for family law or litigation purposes. The cost of a valuation is usually tax deductible if the property is held for investment purposes. The cost of this professional advice is relatively small compared to your investment and the potential savings and peace of mind it can provide you. Please contact IPV for a quote on your property.

He must be Engineering Graduate and Member/Fellow of Institution of Valuers and licensed by the Institution of Valuers to practice as “Approved Valuer” A valuer must complete relevant tertiary level qualifications and be licensed or registered by the appropriate state body to practise as a qualified valuer. Only qualified valuers are recognised by courts of law as expert interpreters of the property market. We have legally and technically qualified Valuers on our panel of Valuers.

Yes, a rating valuation is prepared for the purpose of assessing rates and land tax of a property. It does not usually involve an internal inspection and is prepared at a particular date. The relevant date of valuation on your rates notice can vary depending upon where you live. This valuation cycle can be 12 months and up to 4 years in some cities.

A valuation before you buy a property can provide you with an independent opinion of its value. This can help you negotiate the right price and save you money. Valuers will check the property’s title and zoning as well as provide a risk analysis which highlights any potential opportunities or threats.

Before you sell your property, a valuation can provide you with an independent assessment of current value before placing it on the market. This figure may be different to what a real estate agent says your property is worth. The valuation report is a document that can be used as a negotiating instrument to ensure you do not sell a property for less than it is actually worth. A valuer can also provide you with tips on how to add value to your property.

A tax depreciation schedule report can help you maximize the tax benefits of owning an investment property. Depreciation schedules prepared by a qualified property professional can provide higher tax benefits than an accountant’s standard depreciation schedule, and the cost of a depreciation schedule is tax deductible.