Choosing a Property Valuer – The Valuation Inspection & Report
Last Blog post we got the basic questions to ask a property valuer sorted – now we are getting down to the good stuff - finding out what the property valuer does during the valuation house inspection, and how the property valuation results and property valuation report are delivered. All these questions are answered for you on Property Valuation NZ – so if you want to get straight to finding and comparing local property valuers – head this way.
About the Valuation Inspection and Report
Question 5: How long will it take? When can I expect your report?
The valuer should be let you know when the report will be ready before you hire them. A valuation can usually be done (paper report produced) within 4 days. Many valuers are very accommodating and can work in with your deadlines - good practice for valuers is to not accept the work if they cannot meet your timelines. They should also let you know what is a realistic timeline given your situation - a lot depends on access to the house – this is the biggest delaying factor – if a valuer cannot get into the house it can really impact on delivery times. Valuers can do urgent reports - an urgent report is one that usually needs to be done within 24 hours – an extra cost may apply.
Question 6: Do you fully inspect the property?
You want to be sure that your valuer will fully measure the property, and report any defects. From any property valuer complying with valuer standards – this can be expected. You may also want to know how much of this information will be in the property valuation report. Some valuers give more detail in a verbal report and put the key details in the valuation report – others provide a very comprehensive report – you can let your property valuer know what suits you.
Question 7: Are you available to discuss the valuation results and report if I have any questions?
All property valuers should be willing to go through the report contents with you and back up any findings. Many property valuers will ring you to discuss their findings once they have completed the valuation inspection and determined a market value of your house. Once all has been discussed, the report is produced and sent. Even after you receive the final valuation report your valuer should be available to discuss aspects of the report and to provide consultation.
Question 8: How will the report be delivered?
The majority of valuers will send you the final valuation report as a .pdf via email – which is great as it is convenient and fast. It is no longer standard practice to send you an original copy of the valuation report – but it is always a good idea to get an original, signed, paper copy of the report sent to you (this may be the only thing that a bank will accept for purposes of getting mortgage finance).
One final thing - to be sure that they are the right valuer for you – asking to see a sample report can give you a good idea of what kind out product you will be getting.
Property Valuation NZ asks all these questions for you! Making it easy for you to choose a residential property valuer near you. Looking for a property valuer – Property Valuation NZ has all the info you need.