Wednesday 25 April 2012

V is for...


Valuations:

The valuation of a property is usually directly related to its market value and this is where the art, some would say dark art, of the valuation comes into its own.  The purpose of a valuation will have a direct influence on its outcome and therefore has to be specific to the requirement.

Valuations may be undertaken for many purposes including:

  • Mortgage finance -
  • Acquisition
  • Sale
  • Probate
  • Litigation
  • Leasehold Enfranchisement
  • Property development
  • loan security valuations
  • asset and fund valuations
  • valuations for accounts purposes
  • retrospective valuations
  • development appraisals
  • valuations for corporate owners and occupiers. 
and more……

As with any subjective view of a situation, in this instance the market value of an asset, there exists the opportunity for dipute and disagreement.  In any situation whereby someone is seeking to prove a value, another party will be seeking to disprove it.  It is therefore vital that not only do you commission the correct valuation for the correct purpose but also that you commission it from a surveyor with relevant and in depth experience.

James Alexander Consultants can help you determine the best approach to valuations of your asset base and get the right surveying team in place.

eMail us on innovation@jaltd.co.uk or see our contact page for our numbers.  We look forward to speaking with you.

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