Frequently Asked Questions

What happens when I order a valuation?

Your valuation instructions are passed on to a Registered Valuer who will contact you to make an appointment to inspect the property. After the inspection a report is created and checked by the valuer before release.

How long will it take to complete the valuation?

From the property inspection to the completed report is normally within 5 working days.

What do I get for my money?

You are provided with report with a reliable current market value calculation, comprehensive details of the property, analysis of current comparable sales in the surrounding areas, copies of the certificate of title and a colour photograph of the property.

Why must the valuer have access to the interior of the property?

The valuer cannot adequately certify the internal condition of the property without an inspection.  Internal condition/number of rooms, quality of bathroom and kitchen appointment are important considerations when calculating market value.

Who does my valuation need to be addressed to?

This depends on what the valuation is required for:
Finance/Mortgage Purposes – addressed to the mortgagee i.e. the lender
Trust Purposes – addressed to the Trust
Personal Tax Purposes – addressed to the owner or accountant.

Why is a mortgage recommendation included on valuations to be used for mortgage purposes?

The Property Institute of New Zealand recommends that all valuations for mortgage purposes include a mortgage recommendation and this recommendation must not exceed 66% of the current market value exclusive of chattels.  However, this recommendation does not affect the level of borrowing, that is negotiable between you and your mortgage provider.

I already have a rating valuation, why do I need a registered valuation?

A Registered Valuer is able to provide you with an up to date independent opinion as to the value of your property, based on current property market conditions and on recent sales of similar property within your location. This advice will assist you in deciding on your purchase price, or determining with your marketing agent, your sale price.

Rating Valuations are valid at the date which they were undertaken.

In obtaining a mortgage for your property purchase, it is most likely that your bank will require a Registered Valuer’s valuation report. It is important that you make sure that the valuer you intend to use is acceptable to the bank, and in most cases, the valuer will need to be a Registered Valuer with an ANZIV and SPINZ certification.