Pre-Purchase and Pre-Sale Property Valuation Reports

Before making an offer, a valuation can provide an independent opinion of market value based on the property and comparable sales. Consider it alongside legal, building, pest and finance due diligence.

Before listing, a valuation can provide an evidence-based market value benchmark to inform pricing and negotiations. The eventual sale price remains subject to buyer demand, marketing, timing and negotiations.

Investors may use a valuation as one input when assessing an acquisition. Rental return, holding costs, finance, tax and future growth require separate analysis and advice.

A valuation may compare the contract price with market evidence at the nominated valuation date. Market conditions and the property may change before completion, and a lender may arrange a separate valuation.

A current valuation can help establish the property’s existing market value. Forecast development value, feasibility and construction costs may require separate specialist assessments.

A buyer may order a valuation before making an unconditional offer or during an appropriate due-diligence period. A seller may order one before listing or when reviewing the asking price. Allow enough time for the required information, any inspection and report preparation.

A report will generally identify the property, purpose, valuation date, relevant property attributes, market evidence, valuation methodology, assumptions or limitations and the valuer’s concluded market value.

The report should be prepared by a suitably qualified and experienced property valuer. At Duo Tax, these reports are prepared by qualified property valuers who consider the property and relevant market evidence.

An agent appraisal is generally an estimate used to guide a sales campaign. A formal valuation is an independent report prepared by a qualified valuer using documented evidence and methodology. The appropriate document depends on why the value is needed.

No. A valuation provides an evidence-based market value opinion at a nominated date. The final price may differ because of competition, marketing, timing, negotiations, property changes and the circumstances of the buyer and seller.

A lender may require or arrange its own valuation for loan-security purposes. An independent pre-purchase report can still help inform your decision, but confirm the lender’s requirements before ordering a report for finance purposes.

The valuer may request the property address, contract or listing details, plans, land and building information, details of improvements, photographs and access for an inspection where required. The information needed depends on the property and scope of the report.