A property
valuer is very different from a real estate agent, although they will look at
similar things.
A real
estate agent tells you what he thinks the market will pay for a property, often
advising on ways you can maximise the outcome and boost the end result.
Meanwhile, a
valuer will give an assessment of what the property should achieve on the
market based on evidence and assuming the holding is sold ‘as is’ on the date
they inspect it.
Those two
approaches can bring very different results.
Property
valuers are highly trained and expertly qualified.
And they’re
independent.
They work
for a number of people, from governments to property developers, but a big part
of their business is from banks.
Banks employ
valuers to help them determine if the property is adequate security for a loan.
If you’re
buying a holding, they will have a reference to the contract price.
But if
you’re using a property you already own as security for your finance, then it
takes additional skill to lock down a current market value.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Monday, 17 March 2025
