A property valuation is an estimate of the market value of a property, usually by a professional valuer. The market value is the price that a willing and informed buyer would pay for the property, and is usually different to the asking price or sale price. melbourne-valuations.com.au

A property valuation is important for a number of reasons, including:

– To estimate the value of a property for sale

– To estimate the value of a property for insurance purposes

– To estimate the value of a property for tax purposes

– To estimate the value of a property for mortgage purposes

A property valuation is usually carried out by a professional valuer, who will take into account a number of factors when estimating the market value of a property. These factors can include the location of the property, the condition of the property, the size of the property, and the age of the property.

It is important to note that a property valuation is only an estimate of the market value of a property, and is not a guarantee of the actual value of the property.