Research your market – This is the cornerstone of understanding value. Take your time, talk to local agents, go to auctions and jump on the Internet. Informed decisions pay off. Good research is the backbone of assessment. The property being valued is almost always referred to as the subject, and once its address hits your desk, the work begins.
The computer age is a boon to property valuers who can now access online databases to gather everything from copies of the title and registered plan to the purchase and sales history of the subject. Some valuers have even been known to glance at Google Earth to get a top down view of the subject and its surrounds. The more information you can gather before leaving your comfy office chair, the easier your job will be