Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

How a Property Valued by Property Valuers Sydney?

By Ariel Linford Subscribe to RSS | March 29th 2012 | Views:
loading
 
  



It is hard to gauge the mood of the moment. Some agents have mentioned that they are experiencing a short lull - possibly due to the election and the rate rise - while others are saying they have not stopped. Who knows - but my guess is that some people are waiting for the New Year to make any big decisions.

When property valuation start to raise a buyer needs to know that they are paying fair value for a purchase and not be taken in by what agents hype or what is known as "undue vender expectation". As you know an agent is expected to get for his client (the vender) the best possible price and will never tell a potential buyer that they are paying well over market value. That is the job of the buyer’s agent who is working solely for the buyer.

So - how is a property valued?

Mostly it is just an agreement between the listing agent and the seller on what they both think the property is worth. It is easier to value a normal suburban house in a busy neighborhood as you can go on previous sales of a similar nature. But when a property is unique or different, renovated or highly sought after then different rules may apply. An agent will be happy to come to your house and value it for free. However, (Shock! Horror!) it has been know that some agents may inflate their market valuations in order to get the business.

The Internet has changed the real estate business in many ways. It is now possible to get your own approximate commercial market valuation online. There are so many sites offer this service and they have managed to collate information on previous sales and activity in the market you are in.

Another way to have a property valued is to get a commercial and residential property valuer in. A valuer can attain a better estimate of the property because they break down a property into its three main components:

1. The cost of the vacant land

2. Replacement value of the house and any other improvements

3. Landscaping

Anyone selling, buying, or renovating property in Sydney may need a valuation to make an informed decision. A proper analysis is vital for many reasons, and includes cases that deal with real estate, legal disputes involving property, for taxation problems, or insurance purposes. If disaster strikes and your property is underinsured, the insurance payout may not be enough to rebuild your home or business. That would be catastrophic.

Australian property valuations officers are legally required to have tertiary qualifications. That does not necessarily mean that they have experience. Before you commit, check with the companies providing property valuations in Sydney, to find out who has the most experienced valuers.

Obtaining an excellent property valuation is important, not just for your own peace of mind, but also in case you decide to sell the place, or want to apply for refinancing.

Ariel Linford - About Author:
Lorenzo cliff have been working as a professional writer since 2009. He enjoys writing and compose unique and original article from the experiences of others and research. His writing includes many articles for blogs, websites like for commercial market valuation and many more. He prioritizes quality over quantity and make sure that his articles are well researched, interesting, and error-free. depreciation schedule rental property in Sydney. Hopefully his writing will help you to help you in any field just as food for thought.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/how-a-property-valued-by-property-valuers-sydney.htm

Related Real Estate Articles Subscribe to RSS

Why one should invest in property in Greece?
Published by Greekexchange on January 10th 2012 | Real Estate
Greece is one of the most beautiful places in the world; people from all over the world visit this c...
 
Lease your property for commercial strata management
Published by Chris Whelan on January 25th 2012 | Real Estate
Everyone should follow some qualified process during leasing their commercial strata management prop...
 
Best price property for sale in Mumbai
Published by Andy Wagon on February 14th 2012 | Real Estate
Owning a home is more than one can indeed serve as an investment in the future, especially if house ...
 
Building a "Buy to let" property portfolio
Published by Jordan Beard on May 9th 2012 | Real Estate
Investing in a portfolio of rental properties in desirable areas throughout the UK is a sure fire wa...
 
Port Washington property a true place to gamble your money
Published by Jack Smith on July 17th 2012 | Real Estate
People are ready to gamble their money, but everybody wants to make good money from their investment...
 
Wise decision on strata property investment
Published by Chris Whelan on January 18th 2012 | Real Estate
Making right decision before investing on strata property is always praise worthy work; because ever...
 
London property market expected to defy national downward trend
Published by John M. Alcorn on February 27th 2012 | Real Estate
It is booming and blooming in the UK property market if you know where to look. Activity in the prop...
 
 
Save your property through Landlords insurance
Published by Ashish Pandey on February 3rd 2012 | Finance
Having landlords insurance can be very advantageous for all the landlords and can protect the proper...
 
Letting agents can help find good property
Published by Matthew Watson on June 4th 2012 | Real Estate
The letting agents have a critical role to play with the rental property letting. For tenants they c...
 
The contribution of property management companies of Dallas
Published by Nishaidhijames on August 10th 2012 | Real Estate
A city which is located on an area of 343 square miles with about 1,299,543 of population and also t...
 
Want a sound investment advice? Opt for property investment
Published by Sophia Milller on December 13th 2011 | Real Estate
There are people that earn their living only through rents received from their properties. When the ...
 
Lucrative Greek property for Sale
Published by Greekexchange on May 21st 2012 | Real Estate
Greece the name itself runs a smile on our face as it is the most preferred place for honeymooners a...
 
Delimitate facilities with affordable investment in residential property
Published by Bhubaneswar Property on May 14th 2012 | Real Estate
The most prime factors for choosing flat at Bhubaneswar are very good communication, close to IT Sec...
 
Finding property and buying it becomes with help of Real Estate Agents
Published by Melbourne Realestate on June 28th 2012 | Real Estate
If anything is done by the profession that creates a great impact. Same is in the case of real estat...
 
When you’re spending it large for property it’s advisable to ease up the conveyancing process
Published by Himton Thomas on February 12th 2012 | Real Estate
If you are looking for a cheap and good conveyancing, you need to keep a few things in your mind....
 
Bookings of residential property in Gr Noida is back on track
Published by Sanjay Kumar on July 20th 2012 | Real Estate
Apartment bookings in Greater Noida close to Delhi have resumed once authorities recently approved a...
 
Know about property management in Marlow
Published by Ricky Charles on January 4th 2012 | Real Estate
In most parts of the world, property rates are going up and people who have invested in property are...
 
Greater Noida property getting costlier
Published by Sanjay Kumar on August 1st 2012 | Real Estate
In the commercial category for IT/ITES properties, consumers can ought to shell out Rs 29515 per sq ...
 
Reasons to buy commercial property in India
Published by Mike Nicholson on June 12th 2012 | Real Estate
Although there are numerous investment avenues in India to invest in, but there is no guarantee that...