Our standard turnaround time for a valuation is between 7-15 working days from confirmation of valuation request. This will be confirmed upon instruction. Urgent timeframes can be negotiated.
The Valuer cannot ascertain the internal condition of the dwelling without an internal inspection. The internal condition of the dwelling and other improvements on the land is an important consideration when calculating Market Value.
This is dependent on what the Valuation is required for:

  • Finance/Mortgage Purposes: addressed to the lender (i.e. bank or financial institution).
  • Personal Guide (e.g. matrimonial purposes, guide to sell, tax reasons etc): addressed to client, solicitor, accountant, trust etc.

A property valuer fully inspects the interior and exterior of all improvements, taking detailed notes of construction materials, fixtures and fittings and property condition. They measure and calculate the floor area of all the improvements. In additional to the detailed inspection of the property, a full analysis of the market conditions and range of comparable sales is completed.  Depending on the type of valuation, the Valuer will use appropriate valuation methodologies to analyse the subject property.

After analysing the above information, the valuer provides a detailed written report to the client identifying the property’s assessed market value the requirements of IVS, IFRS, NZIV & PINZ reporting standards, practice standards and guidance notes.

A valuation report is a professional written assessment of how much your property is worth. Our valuers will inspect the property, consider all the factors that affect the value and write-up a professional property report that may include, but is not limited to, the following:

  •  Property summary
  •  Registered proprietors
  •  Legal description
  •  Resource management/zoning
  •  Statutory assessments (RV, rates)
  •  Locality
  •  Land description
  •  Full description of the building/improvements
  •  Valuation process identifying the methods used
  •  List of comparable sales
  •  A general market comment
  •  Date of instruction
  •  Leases (if applicable)
  •  Asserted market value
  •  Mortgage recommendation
  • Risk Analysis

Rating Valuations (RVs) are compiled by statute, under the Rating Valuations Act 1998, mainly as a uniform basis for levying local authority and regional council rates.

The Rating Valuation is assessed using mass appraisal techniques and not all properties are fully inspected by a Registered Valuer.

A Full Current Market Valuation is a professional estimation of how much your property is worth in the current property market, as determined by a qualified valuer visiting your property and conducting a valuation.

A Council Rating Value is undertaken by local councils to establish property values in order to determine council rates. Most councils in New Zealand reassess property values every three years, so a rating value is only an accurate measure of a property’s value at the date of the last revaluation. Not all properties are fully inspected by a Registered Valuer.

A Registered valuer is a trained and qualified professional who will provide an independent report on the property. The valuer has no financial interest in the property.