FAQ’s

Q. What should I look for when choosing a valuer?

You should make sure that the valuer you choose is registered with the Office of Fair Trading and that they are a member of the Australian Property Institute (API), the peak professional body for valuers.

Hunter Valuation Services (HVS) employs fully qualified University graduates, each with over 10 years experience within the local area. All of our valuers are registered and are members of the API

Q. What is involved in the valuation process?

Depending on the type of property the valuation process will include the following:

• We will contact you to arrange a time to inspect the property
• Site visit and comprehensive internal and external inspection of any improvements
• Measure up improvements and take photographs
• Make enquiries regarding the title and zoning of the land
• Investigate and analyse, sales evidence and market trends
• Provide a written report including a description of the property, sales evidence and a valuation amount.
• The scope and format of the report will vary depending on the type of property and the purpose of the valuation.

Q. How long will it take?

HVS can complete most residential valuations within 3 to 5 working days subject to access. Commercial and rural valuations are usually completed within 10 working days of receipt of the instruction, provided that access and all relevent information is readily available.

HVS will advise you of any expected delays and keep you informed if we cannot provide the valuation within the agreed timeframes.

More urgent valuations can be processed faster if required.

Q. How much will it cost?

The cost of a valuation can vary greatly depending on the purpose of the valuation, type of property, distance from our office and the required report format. As a general rule, a basic residential valuation will cost around $330 while commercial valuations tend to range from $550 upwards.

HVS is happy to provide a fixed price quote by phone. Alternatively, please complete a request for quotation form and we will contact you to discuss your requirements and provide a quotation.

Q. What are valuations most commonly used for?

• Mortgage valuations for lending bodies.
• Stamp Duty valuations for transactions between related parties such as companies and families.
• Insurance replacement valuations for all types of property
• Probate and Estate purposes
• Compensation and mediation