property valuation

The property valuation – Issues and perspectives

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The question of property valuation or securities of real estate companies is fundamental for all actors, professionals or private sector. It obviously weighs in the investment decisions to be made and can thus re orientate quite significantly savings in need of investment.

But the subject is not simple if one takes into account the fact that the property valuation of a good answers several different requests or needs.

How much is my wealth worth and should I keep it or trade it against other assets considered more profitable or safer or even more liquid?

We will see that the property valuation methods of the properties in question are diverse, that there are different markets and real estate. Whom we interviewed, perfectly explains the environment and the evolution of real estate markets.

Knowing the value of his property is also knowing the value of the rights granted to his tenants and we have devoted, to do this, an article of this letter to the impact of certain contractual terms of the commercial lease on the rental value of leased property.

Knowing the value of a property is also of particular importance when it is a taxable or compensatory basis for the owner.

property valuation

Everyone knows that real estate is one of the most taxed economic sectors in France and that many taxes are based on the market value of a property: ISF, transfer tax, gift, inheritance, income tax or on companies in certain cases of divergences between transaction prices and estimated market value.

In this regard, we will discuss the different methods of property valuation used by practitioners and some points of disagreement that may exist with the tax administration, mainly concerning, in addition to assessments of factual situations, the impact of transfer and the latent taxation of the valuation of securities of property valuation companies.

We also devote specific developments to the assessment of local taxation and the state of progress of the work of the tax administration on this point. The revision of the rental values ​​once finalized will result in real transfers of charges between taxpayers.

It is also on the basis of the estimated market value of a property that, in the absence of an amicable agreement between the expropriated and the expropriator of a property, the expropriation judge will fix the expropriation indemnity.

Which consists mainly of the compensation corresponding to the value of the property and incidental indemnities to repair the other losses of the expropriated. The specificity of the procedure applicable in such a situation justified once again an article devoted to this subject.

Finally, we will briefly examine, on the one hand, the property valuation methods traditionally used tax administrations, and on the other hand, the tax regime applicable to the early cancellation of commercial lease payments.

Why need of effective courses on property valuation in Sydney?

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We may ask the relevance of property valuation in Sydney and may probe the reason why it is considered so crucially unavoidable. The simple answer is that when a property is purchased or sold, dissimilar to other assets, there are various procedures that need to be followed. Among such steps and compliance lies the crucial activity to get a property value to be estimated by a registered valuer. 

The property when valued by a certified, qualified and seasoned valuer, increases the probability and gauges the probable market price of the property in the open fair market. If a well sculpted property valuation report is not available before an agreement for sale is initiated by the buyer and seller, the whole transaction and the future of the property itself may lose is charm. Receiving a lower selling price as against, on the contrary, getting the property valued and availing the best marketable price quotes, are two different angles. Apart from this, when selling an old property and when wanting to manage the settling related activities including government reparations, the property valuation always plays a central role. So for these above discussed reasons, if is of a dire burning need to first get the property value quantified by a registered valuer and then get further with searching for the potential buyers for the same. 

Property Valuation

Property valuers need to be registered with the designated authorities so as to be able to work as Certified Practicing Valuer (Cps). It is a must for wannabe valuers to study for accredited courses ranging from certificate to Master level and chartered courses. There is also a need to get market experience of at least two to three years before being able to work as CPS. Since property valuers need to deal with banks and financial institutions, they are required to be suitably holding formal degrees or qualification of property valuation fields in Sydney. 

Similarly, the real estate attorneys and lawyers do prefer qualified, registered and licensed valuers to deal with. The services of authentic valuers’ are received well by all the players that have a role to play in the value chain of property transaction in Sydney. Apart, the government revenue departments and agencies also don’t question the property value reports submitted to them when the same are prepared by qualified property valuers. Valuations undertaken by authentic and registered valuers are also well received and reflected positively by the real estate market at large as well. 

So it is a required framework that the best and most relevant training be available for the property valuation experts. Various online institutes and colleges also offer avenues to get the best training for property valuation requirements. Such training can be coupled with the full time work environment and done at soothe of their homes.