The short form valuation requires a full internal inspection and a full field assessment of sales evidence directly relating to the subject property. Assessment of value will include an analysis of other factors including market direct, volumes, market segments, market sentiment, supply and demand, environmental issues amongst a host of other information deemed necessary by the valuer. The short form valuation will have all required information within the report for you to understand the position of the property in the current market and contain all essential ingredients required by the Australian Property Institute’s requirements for valuation reporting. They generally are about 3 - 6 pages in length.
Examples where a short form Valuation may be used include;
- Market Value
- Stamp Duty
- Most property types can be valued using the Short form Valuation method.
- Residential, commercial and industrial property may be valued in this format.
- The valuation is subject to internal and external inspection, adequate supplementary information being available for the valuation, also, clear and concise sales evidence need to be available to support the value.
1. How much will a Short form valuation cost me? It will vary but the average cost is generally $450 including GST
2. How do I apply to have the Short form valuation undertaken? Click this link and fill in the form and email it as soon as you can. Our trained staff will view the application and determine whether the valuation can proceed and advise of the fee.
3. How long does it take for the desktop valuation to be returned to me? We generally have a seven day turnaround but this may vary in certain circumstances.
4. What are some of the inclusions in a Short form valuation? Generally our reports will include;
- Property Summary
- Valuation Summary
- The Land summary
- Main Building detail
- Ancillary Improvements
- Sales Evidence
- Any Additional Comments
5. Do you have to go onto the property at all? Yes
6. Do I have to own the property to have it valued? No, if a short or long form valuation has been requested and internal inspection will be required therefore this may be necessary to gain access via the owner, landlord or agent. Please note, if the property is leased strict time guidelines need to be adhered to enter the property, in some cases a notice of entry will be required to be served on the tenant, but we find this is rare.