Sydney Properties

Metroval Property Valuers

Market Value Definition

The estimated amount for which an asset 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. A property must be appraised in terms of its highest and best use. The definition of highest and best use is as follows:

The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. In some cases, a proposed use might be the highest and best use but for some cost that changes the net economics. An example might be an industrially-used site that.

Valuation Method

In practice, the most common valuation method used by Certified Practising Valuers is the Comparable Sales Method. It uses a small number of recently sold properties in the immediate vicinity of the subject property to estimate the market value of its attributes. Adjustments to the comparables may be determined by trend analysis, matched-pairs analysis, or simple surveys of the market.

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Current Market Valuation

Speedy inspection and competion of Sworn Market Valuation are often required to complete the Bail Application.

Property Appraisal
Stamp Duty Valuation

Residential Valuations

A financial transaction which involves buying or transferring of property from one individual or legal entity to...

Residential Property Valuations
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Commercial Valuations

Whether you use or invest in real estate in Sydney, you can rely on our local market expertise for commercial real estate projects of virtually any size and complexity. Call a professional today.

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