Sydney Mortgage Valuations
Although Vals NSW does not conduct mortgage valuations, we believe our clients deserve to be well-informed about all aspects of property assessment, and we take pride in offering reliable general advice.
Mortgage valuations are performed to determine the current market value of a property for a bank or financial institution as security for a loan or mortgage. In most cases, you’ll require a mortgage valuation when buying a property (see pre-sale/pre-purchase valuations) or refinancing. Your lender will arrange mortgage valuations for residential, commercial, industrial, and development properties across the Sydney metropolitan and rural areas of NSW, using a valuer from their accredited panel.
Your mortgage valuation report will include a description of the property, its condition, a definition of market value, the interest being valued, compliance statements, and detailed information the valuer may rely on—such as tenancy/lease details and plans. The report will also compare the property to similar, recently sold properties in the area. For income-producing properties, like commercial or industrial assets, the valuer may also apply the capitalization of net income approach to ensure an accurate fair market value.
It’s worth noting that bank valuers tend to be conservative, as their assessments prioritize the bank’s interests. This is a key distinction between a bank valuer and Vals NSW. As a fully independent firm, we provide valuation reports that reflect a fair market value without any conflict of interest.
Mortgage Valuation Sydney
Vals NSW is Sydney’s leading valuation firm, committed to adhering to the Australian Property Institute (API) guidelines as well as the rigorous standards set by RICS and AVI. When you book a valuation with us, one of our local API-certified property valuers (CPVs) with over 20 years of experience will inspect your property within 1–2 business days. Your certified valuation report will then be ready for release within 1–2 business days following the inspection, ensuring you receive a comprehensive and accurate assessment that meets the highest industry standards.
We uphold the highest standards of customer service and produce dependable valuation reports for any purpose, excluding mortgage security. To discuss your needs with one of our friendly team members, complete the Online Enquiry Form or call us at (02) 8599 9899.
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