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 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.