Strong local knowledge is exactly what you can expect when you choose the Acumentis team for your residential property valuation needs in the Sydney metropolitan and suburban regions. With over 16 years of local experience in Sydney, extending back to our presence in the area as LMW and MVS National, before going on to merge with Taylor Byrne and becoming Acumentis.
In addition to nation-wide and New South Wales specific accreditations, all Acumentis property valuers undergo industry leading internal training and professional development. This professional development includes special courses for our employees to further strengthen knowledge regarding different residential property types, including large scale residential and prestige residential properties throughout the Sydney metropolitan and suburban areas.
With the benefit of years of experience at their disposal, our team of friendly local experts are here to ensure you receive the highest quality of residential property valuations available.
Our team has extensive experience with conducting property valuations across the Sydney Metropolitan Area and Inner Suburbs, as well as out to the Northern Beaches, Eastern Suburbs, Western Sydney and Outer Western Suburbs.
In addition to residential valuations we can assist you with pre-purchase and pre-sale advice, stamp duty and capital gains tax assessments as well as providing valuation reports for family law matters.
The majority of our Sydney property valuations team were either born in Sydney or have lived in the area for many years and have established strong knowledge of the local property market. Sarah Harding is the State Director of our New South Wales residential valuations team and has been a key part of the team with over 20 years of experience.
Contact our friendly team to enquire about our residential valuation services in Sydney.
A property valuation is a detailed report developed to ascertain a property’s market value at the date of inspection. It details key features such as property size, condition, other comparable sales and more. A property valuation is a legally binding report prepared by a Certified Practicing Valuer who has completed a university-level degree and relevant training, in addition to being accredited by the Australian Property Institute.
A property valuation is used for numerous reasons including determining the value of a property pre-purchase or pre-sale. It is also used when applying for a mortgage to purchase a property or refinancing a loan, to ensure the security value of the property adequately covers the loan amount. A valuation may also be used in family and partnership settlements, insurance claims, or for financial reporting.
Market Value is defined by the International Valuation Standard Council as “the estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion”.
A property valuation is a report completed after a detailed inspection is undertaken on a property. A property valuation will take into account features including;
Property overview, description of the property - number of rooms, size
Comparable sales
Condition of the property
Risk ratings that identify any market or environmental risks
Any issues uncovered during the inspection. research or other searches conducted
A property valuation is a formal written report prepared by a qualified and registered property valuer detailing the property's market value at a specific date. A property valuation is a legally binding document supported with substantiative comparable sales and property market data. An appraisal is an estimate or an opinion of a property's current value as of a specific date.
A valuation is required when a residential property is being purchased, sold, refinanced, transferred, or for financial reporting on property assets. Valuation for the purchase and sale of a property is used to ensure that the security value of a property adequately covers the amount being loaned.
The cost of a property valuation will vary depending on the property type, size, and valuation type. A standard residential property market value valuation report is likely to cost from $400 + GST.
The time it takes to complete a physical property inspection will vary depending on the layout, size, and features of a property and the documentation that has been supplied. A residential property inspection is generally completed within 30 minutes, with commercial properties and agribusiness requiring longer timeframes. A valuation report is generally supplied within 5 working days of instruction and supply of all required documentation.
Once your inspection has been booked, at a mutually convenient time for the valuer and yourself you should start to prepare for the valuation to occur. Here are a few tips.
Clean, declutter, and repair
You only get one chance to make a first impression. A clean, well-presented house will show your property’s full potential. A valuer will take notes of everything visible, so those unfinished renovations would ideally be completed, and the house presented in its best condition to get the most out of your home valuation.
Provide access
A valuer will need access to the whole property. Where possible, to speed up the valuation process the homeowner can open side and rear gates, garages, pool fences, and internal and entry doors. An essential part of the valuation inspection process is to measure the house. So, providing full access to the property makes the valuer’s life a lot easier!
Supply relevant documentation
Highlight the property’s special features
While the valuer is a property expert, there are certain features at a property that are not visible. Do you have an underground water tank? Solar panels on the roof? Underfloor heating? Point these things out to the valuer. Every detail counts.
Contain pets
Please put your pets in a safe place so they don’t escape or take a nibble at the valuer’s leg!
Take COVID precautions
At Acumentis we operate within COVID safety protocols. If you would like the valuer to wear a mask during the inspection, please don’t hesitate to ask when speaking with our friendly staff to confirm the inspection time. Also, opening doors, and windows and turning on any lights where rooms are dark will facilitate a contactless inspection.
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