Types of Valuations

Why You Need A Certified Professional Valuer

At The Valuers Group we use industry experts in consultation with me, Gary Ryan, certified asset valuer to produce the best accurate valuations on many different assets. Our company is certified as a valuation production company and our employees and contractors are covered by public indemnity insurance. If a person produces a valuation report and is not a certified valuer affiliated with a certified valuation company he cannot get indemnity insurance. Any person without accreditation can only produce appraisals which will not hold water against a certified valuer in legal proceedings.

MARKET VALUATION.

The most common type of valuation required in arbitration or determination of the value of an asset is Market Valuation. Other types are required for specialist issues, you must determine the type of valuation you require, we have listed a comprehensive valuation guide below. We are ready to advise you on the type of valuation you need and help you decide if you need our services. Market Value is defined by the International Valuation Standards Committee (referred to as “IVS”) as the estimated amount for which an asset or liability should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.

PROBATE

Probate matters are invariably sad times for estate beneficiaries. Many times, a valuation will be required to ascertain the worth of the deceased’s assets. He may have died intestate, there may be a dispute on the value of an asset, or a value may need to be placed on an asset offered for sale by the estate. These valuations must be in the correct format and be admissible as evidence in court if needed.

WE CAN HELP YOU WITH

Family Law Matters

When getting assets valued for family law matters, the documents produced by the valuer must be in the format required by the Federal Circuit and Family Law Court of Australia. Theinspection must be conducted by a person who can demonstrate that he/she is qualified to act asan expert witness in court. There are many experts in various fields, most aren’t certified valuers. Because a valuer cannot be an expert in every case he may contract the services of an expert/s invarious fields and work in collaboration with them. The valuer would then compile, edit andproduce the finished report. In this way, a valuation report can include all the assets in one document saving time and money.

Probate

Probate matters are invariably sad times for estate beneficiaries. Many times, a valuation will be required to ascertain the worth of the deceased’s assets. He may have died intestate, there may be a dispute on the value of an asset, or a value may need to be placed on an asset offered for sale by the estate. These valuations must be in the correct format and be admissible as evidence in court if needed.

Recommendation as to an Agreed Valuation For Insurance Purposes

Agreed valuations are generally performed when an insurer or insured requires an independent valuation of an asset where a client has specified that such asset has more value than ascertained by reference to a price guide for whatever reason, modification, rarity, added equipment or modification for a specific purpose etc.