How Much Is Your Property Really Worth?

Choosing your valuer
When choosing a valuer, the following is a handy checklist of questions you should ask:
• Does the valuer have intimate local knowledge of the suburb you are looking in?
• Is the valuer appropriately registered?
• Does the valuer hold ‘Certified Practicing Valuer’ status with the Australian Property Institute or is he/she appropriately accredited by the Royal Institute of Chartered Surveyors? (two peak industry bodies for valuers in Australia)
• Does the valuer have professional indemnity insurance of at least $5m?
• Is the valuer accredited with any lenders? (important for purchasers)
It is always important to engage your valuer formally and usually we would recommend it be done in writing. That way your instructions can be easily interpreted and relied upon.