|
There is a constant need to determine the value of property for the purpose of financing, reporting to shareholders, cost accounting, mergers or takeovers... through to rent reviews, rates assessment, expropriations, arbitration and litigation. One of the frequent applications of the valuer's skill is to determine values for purchase or sale, and for insurance purposes.
Valuers are qualified to undertake valuations in all classes of properties, including commercial and industrial properties, all types of residential properties, agricultural and special use properties.
In the case of individuals it is mostly in connection with capital gains tax, estate duties, divorces, disollution in partnership of businesses, acquiring second bonds and security for banks.
|
|
|
A valuer is a professional who has been educated and trained to determine the value of fixed property, execute feasibility studies and provide expert advice on property-related matters. An independent valuer can provide impartial and motivated reports on the value of real or limited rights to land.
The valuer requires a combination of a number of professional qualities and capabilities, and needs a thorough knowledge and understanding of the interacting influences which create, maintain or diminish the value of property or rights thereto. The valuer does not invent value, but interprets market forces which determine the value.
|
|