Real estate valuers are individuals who value property or land. Such valuations more commonly referred to as property valuations. Individuals are usually able to obtain access to or lists of valuers in their local area through state real estate bodies such as real estate NSW, real estate Victoria or real estate Brisbane.
Many people engage the services of a property valuer to obtain a home valuation prior to putting their home on the market for sale. Alternatively often individuals will have their home valued in order to access equity in their home for other purposes, such as buying an investment property or holiday home or for renovations. Banks and other financiers require the services of real estate valuers on a require basis to assess the value of property against which they may be lending.
Banks consider whether the total failure of the property over which they may be obtaining security by way of a mortgage or as part of a general security, will be sufficient to recover a debt from the borrower if need be., based on the contribution of the Valuer’s Report. It is generally recommended that people and businesses obtain a professional property valuation before dealing with property, particular buying or selling property in any way.