Real Estate Valuation for Property Sales
Real estate valuation is the process of working out how much a property is worth at a given point in time. Whether you're buying, selling, refinancing or reporting to the tax office, an accurate valuation gives you a solid number to base decisions on. This guide walks through what real estate valuation involves, how it works for different property types, and what to look for when choosing a valuer. Quick Answer Real estate valuation is an independent assessment of a property's market value, carried out by a qualified valuer using methods such as sales comparison, income capitalisation and cost analysis. It's used for buying, selling, financing, insurance, tax and legal purposes, and it should always be prepared by a licensed, independent professional. Key Takeaways Real estate valuation determines a property's likely market value based on evidence, not opinion. Commercial property valuation and retail property valuation each use methods suited to income-producing assets. Licensed property valuers follow professional standards and provide independent, unbiased reports.