What is the valuation process?
The preparation of a market valuation follows several key stages:
- Providing the valuer with all available and necessary documents related to the subject property or asset
- Conducting an on-site property inspection
- Defining all assumptions and limiting conditions concerning the preparation of the valuation
- Performing market analysis and calculations using relevant valuation methods to determine the final value estimate
- Drafting the valuation report by the assigned appraiser, followed by formal review and sign-off by a QHOME supervisor