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What is the role of a valuer?
A valuer is a professional responsible for assessing the value of assets, properties, or businesses to provide accurate valuations for various purposes, such as sales, purchases, investments, or taxation. They utilize market analysis, appraisal techniques, and their expertise to determine fair market value. Valuers play a crucial role in real estate transactions, financial reporting, and legal disputes, ensuring that stakeholders make informed decisions based on reliable valuations.
Why do estate-valuers surveyor needs economics?
The state of economy affects values of objects and property. They need to understand the affects of inflation and how it affect value. And they definitely have to understand supply and demand and what the current situation is.
What does comparables mean when referred to as a real estate term?
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined methods, when performing a real estate appraisal.
In England what does the real estate term sold stc mean?
STC is the Acronym for "subject to contract", it is basically an indicator to state that the property sale has been agreed and is awaiting surveyor/mortgage confirmation. The estate agent will not accept additional offers once a property has been STC'd. Hope this helps Regards Otto C/o Whitehaven Cumbria
What are the functions of estate surveyors and valuers?
(1) Property Managent: i. Negociation of terms and conditions of the tennants. ii. Collect rents. iii. Liasing with clients solicitors in advicing in an appropriate lease agreement. iv. Advice on adequate insurance policy. v. Disbustment of outgoings. (2) property Finance: Property finance refers to the process of obtaining funds or capital, generally for the purpose of supportin development and re-development or carrying out major renovation works on property development. The valuer may be required to estimate mortgage value of the property in order to secure a loan. He also will be required to advice on the best source of finance for project options. (3) Property Market: i. Advice the client to invest on future development. ii. Proffessionally engaged in problems that might arise. iii. Assist in estimating the likely worth of the property which forms the basis for negociations between the owners and the prospective tennant and buyer. (4) Developmental Appraisal: Developmental appraisal starts with conceptualization of an idea to developin a visibility and viability of appraisal. Purchase and acquisition of land and carrying out the developments. The valuer advices clients on potential development that a client desires property investment. (5) Property Investment And Financial Analysis: The investor will enquire from time to time financial appraisal of various property investment before he can commence any investment. He will also require the valuer to advice on the various growth in the capital value of his property.
What is the role of estate surveyor and valuer?
An estate surveyor manages property for tenants or occupants with multiple properties such as corporate organizations. An estate valuer engages in property valuation for market feasibility studies, acquisition and disposal of property.
What is the role of estate surveyor and valuer in mortgage bank?
the followings are some of the roles of an estate surveyor in the mortgage industry: - 1. assessing the value of the property to be mortgaged
What is the role of estate surveyor and valuer in development process?
The roles of Estate Valuers and Surveyors include: 1. Giving advise on site locations 2. Sourcing of funds on large housing schemes on behalf of clients. 3. Preparing feasibility and viability appraisals of housing development schemes etc.
Who was John Thompson?
John Thompson (1844 to 1929) was a surveyor in South Canterbury, New Zealand having migrated from Tasmania. In later years he was also a land and estate agent, land valuer and insurance agent. His descendants still live in New Zealand.
What are the role of estate surveyor in property management?
Following are the role of estate surveyor in property management and they are Act as Educators and instructors, Land dispute arbitrators and Employers of labour.
What are the estate surveyor's responsibilities in property management Where in Bangalore is Whitefield located?
to survey the estate i think
Can you give me a sentence with the word surveyor?
The surveyor will mark the real-estate plot before we set the foundations.
What are the roles of estate surveyor and valuer in environmental valuation?
Estate surveyors and valuers play a key role in environmental valuation by assessing and determining the economic value of natural resources, land, and properties in relation to environmental considerations. They help in identifying the impact of environmental factors on the value of real estate assets and providing guidance on sustainable land use and development practices. By incorporating environmental valuation principles in their work, they contribute to promoting the conservation and preservation of the environment while also ensuring the economic viability of real estate projects.
Where should someone look to hire a construction surveyor?
Many surveyors will advertise in the yellow pages, although your builder or estate agent will probably be able to recommend a local surveyor for you.You will need to choose a surveyor who specialises in your area of work.
How can I find a surveyor?
You can find a surveyor by searching online directories, asking for recommendations from friends or real estate professionals, or contacting your local surveying association for a list of licensed surveyors in your area.
What can be done when surevyor are wrong?
You may need to hire another surveyor who is willing to certify to the errors of the first surveyor and then sue the first surveyor for damages. You should consult with an attorney in your area who specializes in real estate law who can review your situation and explain your options.
How can I find a land surveyor?
You can find a land surveyor by searching online directories, asking for recommendations from real estate agents or local government offices, or contacting professional surveying organizations for referrals.
