Frequently Asked Questions
What is the cost of a valuation?
The cost of a valuation will depend on a number of factors, including type of property (house, land, unit, shop, farm, commercial, etc.), location, and the purpose of valuation (taxation, stamp duty, family law, etc.), as report styles will vary depending on all of those factors. Quotes can be requested over the phone if you call us on 02 6041 3111.
How long will it take for a valuation?
The duration is typically 2-5 working days from when you first instruct us until the report is completed. However, we will require a little extra time for valuing commercial properties. Urgent assessments for auctions and legal situations can be requested at short notice.
How does a valuation differ from a real estate agent appraisal?
A real estate agent only has the authority to provide you with an opinion or appraisal. Only a registered valuer has the power to perform a legal valuation that can be used as evidence in court cases or by government departments. Real estate agents use a process whereby they will submit a list price to inform a future sale. In contrast, a valuer will determine a sale price for an exact date. In submitting a valuation, the valuer will have considered factors such as property characteristics, marketability, market analysis, and sales history,
Will you consider real estate sales in the area when making a valuation?
Yes, as direct sales comparisons are fundamental in the valuation process. Your property will be compared by an IPN valuer to similar properties that have recently been sold in the local area. Adjustments will then be made to account for current market behaviour.
Can you value a business?
No, as we only perform real estate valuations.
Can you value plant and equipment?
No, as this is a highly specialised field of valuations. However, we can recommend a valuer for plant and equipment.