Calculating the Worth of an Independent Property Valuation Service

Money matters need to be handled with extreme care especially when they’re associated with huge long term investments.

The idea of mentioning this point right in the beginning of the write up is because it is essential to highlight for the readers that money matters related to investments in property should be handled with extreme care to save you from making the wrong decision. And, that is exactly why the property valuation services are important.

Benefit of Property Valuation –

Based on the comments, analysis and reports from the property owners, agents and others involve, it can be concluded that property valuation provides boundaries to a property's market value and acts as a safety net, ensuring you don't overstretch yourself in money matters.

Further to this, the property valuation service is useful because:

• ·        It provides you an estimate of the market value of the property so you do not have to over pay
• ·        Helps in negotiating the price of the property
• ·        Prevents underinsurance of the property
• ·        Helps you draw an understanding of the amount that the bank might lend you for property

How accurate can a property valuation be?

One of the most important and most neglected points ever about the property valuation service is how accurate it can be. Based on the analysis conducted on various property owners, dealers and buyers it has been reported that the service is accurate to a maximum of 70%. The remaining 30% has been split into false and untrue because there are a few cases where the owners and buyers have reported that property valuation has been done wrongly – which is the case when you hire a not so reputed and trusted property valuation agent.

So, on an overall basis the independent property valuation service is greatly worthwhile because it’s all associated with the right investment – and you would love knowing about it.

By: Jezzards