Generally an appraisal is prepared by a reputable and experienced real estate agent and is used as a guide to pricing a property for sale or for rent, and a valuation is conducted in Queensland by a Registered Valuer with only a set criteria of the property itself.
An appraisal is simply an estimate or an opinion of a property’s current market worth, considering what the market is responding to and other factors. This is usually offered as a free service by real estate agencies.
A Property Valuation is a written report prepared on the property and a fee is charged for this service as a valuation is conducted by a Registered Valuer with only a set criteria of the property itself.
To become a Registered Valuer requires a degree qualification of between 3-4 years. In additional there is a two year practical work experience requirement before sitting a face to face examination with the Australian Property Institute and Registration Board.
Logan City Valuers provides residential valuations for all purposes and has a team that specialise in the Logan residential property market. All our valuers provide independent unbiased advice. Logan