(12PressRelease.com) November 10, 2010 - Home Loan Finder an Australian Home Loan Comparison website offers buyers and sellers a rich resource
of articles, ideas and updates. With concerns over the property price bubble, and every dollar in the purchase or sale of your home having greater importance, you can
now work with a Home Loan Finder Property Valuation Awards
winner and secure the right price.
Property valuers
A property valuer can help a home buyer or seller determine the true value of a property to help them
decide whether it truly is a good value for money purchase, or to set a realistic sale price which will also achieve the greatest profit. Property valuers are fully
qualified professionals who operate in accordance with the Australian Property Institute‘s code of ethics, training programs and ongoing professional development
initiatives to ensure their skills and knowledge remain at the forefront of the industry.
While it is possible to gain a property valuation from your real estate agent or an online service, you won‘t receive a more comprehensive or accurate property
valuation report than from a Certified Practicing Valuer. To compile a valuation of a residential, industrial, commercial or investment property, a valuer will use
these three methods:
1.Market data analysis. Where the property will be compared with similar properties in the area which have recently sold. This method is very popular as it directly
accounts for the property market in the area at the time.
2.Cost approach. Adding up the costs of the land, the building and any additions can give a more unbiased analysis based on an individual property‘s costs and
features. However, a thorough property valuer will never want to discount the current market climate completely.
3.Income method. Used to evaluate the possible future income of a property, information which can be particularly valuable to an investor who may want to know about
expected capital growth and the ratio of the cost to income which could be yielded from rent in the future.
Australian property valuers will use a combination of all of these methods to evaluate a property while using their own local knowledge of an area‘s history and
demographics to conduct valuations for:
* Stamp duty calculations. As stamp duty is calculated on the value of a property, a professional property valuer can help home buyers budget accurately for this
expense.
* Market value. To access equity or decide whether home improvements would over-capitalise on a property‘s value, valuers can conduct a market value assessment for
home owners.
* Capital gains tax calculations. There are cases where properties can be exempt from capital gains tax or qualify for concessions and property valuers can offer an
accurate calculation of tax obligations.
* Family law. Property valuers can offer unbiased, accurate and detailed valuations when required for family law proceedings over a divorce or separation, or in the
case of a deceased estate.
* Valuations for mortgage. Before a mortgage is approved for a property a valuation must be submitted to the financial institution and the experience and
qualifications of the best property valuers are called upon.
Home Loan Finder Property Valuation Awards 2010
A property valuer has access to a wealth of information and resources which can help Australian buyers and sellers make the right decisions in what can still be a
turbulent market. However, a valuation is only as good as the valuer who provides it and so Home Loan Finder developed the Property Valuation Awards to review the
services, experience and qualifications of property valuers from around Australia.
Home Loan Finder reviews candidates who submit their property valuation company in the awards based on: the company‘s experience and structure and whether that is
conducive to forward thinking, embracing innovative methods which can ensure more accurate valuations; customer service and services through the valuation process as
well as in the follow up to the purchase or sale; local knowledge and how locally based companies maintain their contact with the community and the market, and whether
national property valuers truly have an understanding of each area they service; and on the range and quality of services, if the company has a specialist area are
they truly specialists, if they offer a wide range of services are they doing so with the same high quality across all of those services?
Property valuers can submit their company to Home Loan Finder at any time for consideration in the 2011 Property Valuation Awards.
Company Contact Details:
Street Address: 99 York St Sydney,
N.S.W,
Australia 2000,
Email: [email protected]