Though we may be under the impression the property valuation is quite simple, it is not actually so, on the ground. This is because there quite a few complicated and difficult processes and steps that have to be gone thorough only after which will it be possible to complete the entire job of ownership transfer from the seller to the buyer. The entire process of such ownership transfer is usually handled best only by professionals and it is often referred to as property conveyancing or Property Settlement Valuations. There are many professionals who roles are involved in it and property valuers are one amongst them. Their role is extremely important and quite often the entire process of property ownership transfer can get stopped and therefore should not be put off or delayed.
There are quite a few important reasons as to why property valuation is considered so very important. Valuation helps to get a clear idea about the “market value of the property” that is to be either bought or sold. This is extremely helpful in helping the buyers to take a decision whether to go ahead with the purchase of the property or not. Further, there are other subjective pieces and bits of information which could also help the buyer in his decision making process. These include the quality of infrastructure in the area where the property is located, the availability of various amenities and facilities in the form of hospitals, schools, colleges, entertainment facilities just to name a few.
The reason why property valuation is handed over the professionals is because of a few important facts. First and foremost, there are different types of valuations and it would be virtually impossible for customers to get on with the job on their own. These bungs are lighter, cheaper and stronger than the current woodchip alternative and can be reused or recycled. there is something called backdated or retrospective valuation which is highly complicated. There could be some people who could advocate some easy and simple DIY valuations.
But these are easy and simple only theoretically but when it comes to actual implementation on the ground it would be impossible. Further, whenever there is a need to fix the property taxes, the valuers report plays an important role. Similarly, when there is a need to have an accurate fix on the stamp duty payable on property transfer there is no doubt that the property valuers reports has an important role to play.