Having a property accurately valued by a licensed property valuer is often a crucial part your real estate transactions, regardless of whether you are buying or selling, but what is a valuer and what do they do?
The valuation of a property can make or break a deal. A low valuation could lead to the lender feeling the property does not provide adequate security for the loan, impacting the loan-to-value ratio and thus limiting the amount you can borrow or requiring you to tip in additional capital to complete the purchase.
This month Joe Stinear from Opteon will discuss how a valuer goes about the process of valuing residential and commercial real estate. In this meetup he plans to cover:
- The Valuation Process
- How a bank reads a valuation report
- Risk ratings and the valuation
- How a valuer analyses sales evidence
- Can a valuation be challenged?
- Valuing vacant land
- Valuing Commercial Real Estate
- Where do Valuers think the market is heading – Brief Market Overview
Joe Stinear has been with Opteon since 2005, and worked in residential valuation across most of metropolitan Melbourne in that time. In recent years, his focus has been on prestige/ultra-prestige properties and residential development sites in the eastern and bayside suburbs.
Joe is third-generation working in the inner Melbourne residential market, and prior to commencing at Opteon was an estate agent with Buxton Real Estate in Elsternwick. He brings a wealth of property industry experience to Opteon, and provides expert advice for transactions, litigation and tax purposes.
Come and say hi.