![]() ![]() shall not be liable in any manner (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. These articles, the information therein and their other contents are for information purposes only. They can make a sound investment on the basis of such information. From a buyer’s perspective, valuations help them understand the risk profile of a said property. A tax depreciation schedule from a valuer can also help you minimise your tax burden. Your property valuer could also tell you ways in which you could add value to your existing property. ![]() The buyer could in no way accuse you of overvaluation, and this also ends the scope for bargaining. In case you are a seller, a legal piece of document certifying the true worth of the property would be of great help. However, even if it isn’t, the cost is far too less when compared to what you are getting in the form of an established fair price of the property. Do note that usually, valuation services are tax deductible. Depending upon the exact location, size, kind of property as well as the kind of certificate/document you require (short-form or long- form), the pricing may vary. There is no standard pricing for valuations. What do I have to pay for a property valuation ? You would also get a certificate, validating the worth of your property (and other assets) admissible in a court of law. These are some of the aspects that valuers help you decide. What is the value of the land or building? Are there any improvements that can help you increase the value of your property? An approved valuer does everything on paper, citing facts. This document helps you deal with banks, solicitors and investors, etc. While a property brokers helps you understand the pulse of the market those facts could be questioned. These law-recognised valuers get licences from the state body before they start their practice. The same is also done before renting, bank guarantees, auctioning, stamp duty payment, acquisition by the authorities, preparing will and testament, availing of home loans, division of property, etc.Ī valuer is someone with a professional degree and a licence from the Institution of Valuers. This is more of a precautionary measure, to be safe than sorry in future. Customers often use professional help for a property evaluation, to sort out income tax-related matters. There is no law that states you should get your property evaluated by a professional before you sell/purchase it.
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