Unless one understands the importance and significance of property valuation, it would be difficult for them to comprehend the need for quality valuers. Unlike common perceptions, valuation is not an easy job or it is not something that can be done by the customers themselves. The main purpose of property valuation is to find out the fair market value of the property that is being put up either for sale or purchase. The fair market value helps all the stakeholders. It helps the buyer to have a comfort level about the rate at which he is buying the property. For the government authorities a quality valuation report from a certified valuer helps them to have a fix on property tax that is to be paid on the property once the transaction is over. It also helps to have a better understanding of the stamp duty that is payable on the property transaction.
Since the importance of valuation is now known to us the next step is to find out ways and means by which we can hire the best talent that is available. This is not an easy job because today you are likely to come across dozens of valuers who are quite qualified and experienced. Hence, choosing the right service provider from so many choices could certainly be a tough job. Here a few important points that could help you to choose the right property valuer.
To begin with as a customer you should look for valuers who are experienced, apart from having the right certificate and qualification. It is also important for customers to look for valuers who can handle almost any type of valuation, however simple or complex it might be. There is also the need to look for valuers who are comfortable with various methods of valuations taking into account specific needs and requirements of customers.
Timely submission of reports and returns is another important aspect that must be kept in mind while hiring property valuers. This is easier said than done because at times the timelines required by customers could be very tough and challenging, which the valuers must be able to honor. Last but not the least, customers must look for valuers who can offer their services at competitive rates without compromising on the quality of services that they offer.