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These are carried out for many different purposes, but the general process is the same.
Initial Instructions
Upon receipt of your instructions, we will agree the following:
Prior to Inspection
The Valuer will have interrogated the data base and investigated various planning maps.
Property Inspection
During the inspection, your Valuer will undertake:
Reporting Phase
Back to the office the Valuer will:
What the Report Covers
The valuation report provides you with the Current Market Value and an analysis outlining the reasons
for arriving at that figure. It will point out any obvious defects evident at inspection time. On occasions
where there are ‘obvious’ defects, the Valuer might make their valuation subject to a specialist report.
For example, if the building was at the base of a hill and there was evidence of land slippage, this is
outside the skill set of the Valuer, so the reported value could be made subject to a satisfactory
Engineering report. Again most valuations are straight forward and the latter is the exception rather than
the rule.
What the Report Does Not Cover
Valuation reports are not Builders Reports. Valuers are not trained to carry out structural assessments.
For this you will need to retain the services of a building inspector.
Initial Instructions
Upon receipt of your instructions, we will agree the following:
- Establish the time frame for reporting back to you. This may be dictated by time clauses within
your sale & purchase agreement. If you are under tight time constraints, you must relay this
information to your Valuer. We will do everything possible to assist you in meeting any
reasonable deadlines. - Agree on a mode of delivery of the report to you and/or your financier, this can be post, email or
fax. - Agree on a fee for our services. This will vary according to the type and complexity of the job.
- Arrange access to the property. We always need to inspect the interior of the dwelling. On rare
occasions such as in mortgagee sale situations we might not be able to get access to the
property but this is the exception rather than the rule.
Prior to Inspection
The Valuer will have interrogated the data base and investigated various planning maps.
- Obtained details of rates.
- Searched out and printed a list of recent comparable sales.
- Obtained a copy of a current Certificate of Title.
- Consulted the District Plan for zoning details.
- Investigated any flooding issues.
- Investigated whether the property lies within an earthquake fault line.
Property Inspection
During the inspection, your Valuer will undertake:
- A measurement of the house.
- An internal and external inspection of the dwelling.
- An inspection of the remainder of the site including all external amenities and outbuildings.
- A photograph of the property.
- An external inspection of relevant recent comparable sales in the locality. We will have valued
many of these so may have the benefit of interrogating previous detailed reports.
Reporting Phase
Back to the office the Valuer will:
- Analyse the comparable sales.
- Based on this analysis, will establish the current market value of the property.
- Prepare report.
- Post, email or fax valuation as per instructions received.
- Post original report (two copies, including colour photographs).
- Readdress the report as necessary to alternative lenders.
What the Report Covers
The valuation report provides you with the Current Market Value and an analysis outlining the reasons
for arriving at that figure. It will point out any obvious defects evident at inspection time. On occasions
where there are ‘obvious’ defects, the Valuer might make their valuation subject to a specialist report.
For example, if the building was at the base of a hill and there was evidence of land slippage, this is
outside the skill set of the Valuer, so the reported value could be made subject to a satisfactory
Engineering report. Again most valuations are straight forward and the latter is the exception rather than
the rule.
What the Report Does Not Cover
Valuation reports are not Builders Reports. Valuers are not trained to carry out structural assessments.
For this you will need to retain the services of a building inspector.
| Residential Valuation Reports |
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Innovation + Experience |
| PO BOX 9018, Wellington 6141 | phone: (04) 240-0124 | fax: (04) 232-4414 | email: valuer@ vcnz.co.nz Innovation + Experience |