At a recent Barristers and Lawyers conference held in Brisbane I was invited as a speaker to advise on how to instruct Valuers on property matters.
Below is a Check List put together and provided to them.
|Written instructions to the Valuer:|
|1. State the purpose/requirement of the valuation.|
|2. Titling and Registered Plans should be provided, so as estimations or Google or Internet Plan readings are limited.|
|3. Good and detailed information up front, results in shorter timeframes and better prepared reports.|
|4. Provide details of the instructing Party or Parties.|
|5. If the report is to be addressed to a third party, that party needs to be stated.|
|6. The basis of valuation ie Current or Retrospective Market Value.|
|7. The interest to be valued i.e. the freehold/leasehold; the Lessee’s or Lessor’s interest; fractional freehold or a partial interest.|
|8. The nature of the property, Owner Occupied or subject to tenancy. A copy of the Lease Agreement(s), if commercial, should be supplied.|
|9. The date of valuation will be the date of inspection unless otherwise requested.|