Valuations – Don’t Get Me Started!

Valuations – Don’t Get Me Started!

The subject of valuations, and specifically low valuations, seems to be an ongoing issue in the property industry.   I last covered this topic way back in May 2010 (issue 34), and things certainly do not seem to have got any easier, or more transparent, since then. In fact, they appear to have become more complex.

One common complaint is the sheer inconsistency of valuation reports between one Company and another, and even between different valuers working for the same Company.  To my way of thinking, it should not be that hard to value a property.  If all valuers are trained to the same standard and using a similar process we should not get the wide variations that we often see.  So where is it going wrong? 

Ian Hosking Richards is a successful property investor with a portfolio of over 30 properties. He is the CEO and founder of Rocket Property Group, a leading independent real estate agency that helps hundreds of people each year enter the property market or grow their existing portfolios.


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  • Rob Hunt says on 19/04/2012 09:15:17 PM

    Dear Ian,

    It is not only the fact that valuations are low and inconsistant, the true problem seems to be that valuers believe their valuations should never be called into question as they cannot be wrong. If you wish to dispute a valuation there does not appear to be an independant umpire or body where a dispute in a valuation can be heard and resolved.

    The other problem is that valuers are no longer seen as being independant as they are paid by the banks for their services. There needs to be a better system in place whereby valuers can retain their independance and valuations can be disputed and reviewed.


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