Sometimes… You Get What You Pay For… Sometimes… You Get What You Pay For… Sometimes… You Get What You Pay For… Family Law Valuation Assessments In the past couple of years I have noticed, all too often, a decline in the quality of Family Law valuation assessments by Valuers in South East Queensland. Post GFC, if in fact it is ‘Post’, many of the mortgage styled Valuation firms, in an attempt to keep seats warm, sought work outside of their usual day to day practice, including Family Law. No disrespect to these guys, but they are in the Banking sector of the Valuation Industry, that looks at three sales, punches out an automated two page report in 30 minutes per job, and are expected to do 5 to 8 jobs per day! Their focus is all about turn-around times with quality of job being low on the list of priorities.  What we’re seeing in Family Law work is exactly this, brief reports, no or little on-site inspections or measurements taken and a maximum of 3 sales. Here’s a quick real life story as at last week:-  I’m asked to assess a market value of a dwelling in Shailer Park.  The property has been on the market since October last year.  At the outset of marketing, offers over $400k were sought.  By the time I was there, the asking price has been set at $399,000 and has been available at that price for at least 3 months. In early August, I’m supplied with another Valuer’s report, 2 pages, 3 sales and no mention of marketing history.  Valuation figure is set at $437,500. I contact the other Valuer and ask a series of questions such...