What process should property owners or buyers follow when they are looking for valuation services? It should be a simple process to find a reliable and qualified valuer in your area. Here are some steps to consider when looking for valuation services: Research and Identify Potential Valuers: Start by conducting research to identify potential
Market and rental valuations/assessments in respect of immovable property The attention of property practitioners is drawn to the following: Duty applicable to all property practitioners: In terms of clause 34.3.1.8 of the PPRA’s Code of Conduct, property practitioners are prohibited from knowingly or negligently making material misrepresentations concerning the likely market value or
Commercial and industrial property owners across the country are bearing the brunt of unsustainable rates increases, which in turn, is negatively impacting South Africa’s economic growth, says Mark Govender who is based in Cape Town, and a member of Swindon Property’s national team of certified valuers. Govender says: “Increases in municipal property valuations and rates have resulted in substantial tariffs being
Why is it important to get your valuation reports from a qualified professional valuer? In the property valuation industry, it is widely recognized that valuation reports should be prepared by qualified professionals. These professionals have acquired the necessary education, training, and experience to accurately assess property values. They possess in-depth knowledge of valuation methodologies,
South Africa has fewer than 1 500 registered professionals in residential and commercial property valuation, and fewer than 650 valuer candidates; this demonstrates that property valuation is an untapped career path, says real estate property custodian South African Institute of Valuers (SAIV) president Dianne de Wet. She refers to the property valuers profession as “the best kept
Can valuation reports influence the market price of a property? Yes, valuation reports can indeed influence the market price of a property. Valuation reports are prepared by professional valuers who assess various factors such as the property's location, size, condition, comparable sales data, and market trends to determine its estimated value. These reports
Good property valuation reports must flow in a logical, sensible manner that is easily followed by the reader and should be based on a thorough understanding of the property market and the specific property being valued. The written report is the only tangible product delivered to the client; if it is not well written,
It is essential to understand that a developer constructs a new sectional title scheme to make as much profit as possible. Developments in low-income areas will inherently result in different materials compared to high-income areas to suit the different target markets. A buyer in the upmarket Sandton area will insist on a higher, more
Human life depends on the earth as much as the ocean for our sustenance and livelihoods. Plant life provides 80 percent of the human diet, and we rely on agriculture as an important economic resource. Forests cover 30 percent of the Earth’s surface, provide vital habitats for millions of species, and provide important sources
One of the main tools in the sales arsenal of an estate agent is producing market-related property valuations for their clients. However, SAIV (the South African Institute of Valuers) has made strong objections to the PPRA with regard to this, stating that agents are neither qualified nor legally allowed to conduct valuations, and are
