How does the valuer determine how much my property is worth?

A valuation is an impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date, and supported by the presentation and analysis of relevant data.

It is the job of the Valuer to determine these values by gathering, analysing and applying information relevant to a property.  The professional opinion of the Valuer can influence the decisions of people who own, manage, sell, purchase, invest in and lend money based on the security of real estate.  The Valuer is an impartial third party in the real estate process protecting Real Estate buyers from overpaying for property, as well as lenders from over financing buyers.

Will the valuer need to carry out an internal inspection and if so, how long does will it take?

Yes. The valuer will need internally inspect the property as this gives us the internal fit-out and condition of the property. We can then accurately compare the subject property to comparable sales in the area.

The time a valuer will spend at an inspection will vary depending on the size of the dwelling/unit and site improvements as well as the size of the land area. Typically, a unit or standard house will take approximately 30 minutes to complete the inspection. 

What is included in your valuation report?

Our valuation reports are produced in accordance with the Australian Property Institute’s best practice guidelines. 

- The date of inspection and valuation

- Real property description in accordance with the Certificate of Title

- Town planning information – i.e. zoning and overlays

- Description of neighbourhood and suburb

- Description of accommodation/dwelling including condition.

- Description of any ancillary improvements

- Floor area (measured during inspection)

- Description of sales evidence and comparable comments

- Valuation rationale and methodology

- Market commentary

- The estimated valuation figure

- Qualification of report and signature of valuer

- Photographs (externally and internally)

How long is the valuation report valid?

Valuation reports are valid for up to three months. However, in a fast-paced market this can vary. 

What areas do you service?

We are based in the outer eastern suburbs of Melbourne and as such specialise in the eastern suburbs with our primary service area encompassing the following municipalities and suburbs:

· City of Whitehorse -  Balwyn North, Blackburn, Blackburn North, Blackburn South, Box Hill, Box Hill North, Box Hill South, Burwood, Burwood East, Forest Hill, Mitcham, Mont Albert, Mont Albert North, Nunawading, Surrey Hills, Vermont and Vermont South. 

· City of Maroondah -  Bayswater North, Croydon, Croydon Hills, Croydon North, Croydon South, Heathmont, Kilsyth, Kilsyth South, Park Orchards, Ringwood, Ringwood East, Ringwood North, Vermont, Warranwood and Wonga Park. 

· City of Manningham -  Bulleen, Doncaster, Doncaster East, Donvale, Nunawading, Park Orchards, Ringwood North, Templestowe, Templestowe Lower, Warrandyte, Warrandyte South and Wonga Park. 

· City of Knox -  Bayswater, Boronia, Ferntree Gully, Lysterfield, Knoxfield, Rowville, Scoresby, The Basin, Upper Ferntree Gully, Wantirna, and Wantirna South. 

· Yarra Ranges Shire -  Badger Creek, Belgrave, Belgrave Heights, Belgrave South, Chirnside Park, Chum Creek, Coldstream, Dixons Creek, Gilderoy, Gladysdale, Gruyere, Healesville, Hoddles Creek, Kallista, Kalorama, Kilsyth, Launching Place, Lilydale, Lysterfield, Menzies Creek, Monbulk, Montrose, Mooroolbark, Mount Dandenong, Mount Evelyn, Narre Warren East, Olinda, Sassafras, Selby, Seville, Seville East, Sherbrooke, Silvan, Steels Creek, Tarrawarra, Tecoma, The Patch, Upper Ferntree Gully, Upwey, Wandin East, Wandin North, Warburton, Wonga Park, Woori Yallock, Yarra Glen, Yarra Junction, Yellingbo and Yering. 

And any suburbs adjoining these areas.

We are also willing and able to travel outside of these areas for specific jobs.

Are real estate agent appraisals and a property valuation the same thing?

DK Property Valuers only employs fully qualified Certified Practising Valuers (CPV) to carry out property valuations. Such valuers must have the appropriate degree qualified education and a minimum of two years work experience before being allowed to sit a final examination, which pending successful completion allows them to be regarded as professional valuers.  

Furthermore, a CPV according to the Australian Property Institutes (API) Code of Professional Conduct must be impartial and independent. Valuation reports are also legal documents provided for a wide range of purposes which must also be prepared in accordance with the APIs best practice guidelines.