Becoming a Residential Property Valuer

Success of the business or services is known by the quality of the product or the satisfaction of services that is offered. Creating a strong impression on the buyer, sellers or bank money lenders or institutions, the property valuator has to undergo a casting iron test. His service is the exam and the better is the satisfaction of his clients the more grades one gets. 

There is no doubt that apt to the explanation above there are many teams of professionals who provide high quality property valuations and exceptional services to clients across the Australian region. The defined key role of a property valuator is:

  • Conducting valuation of a property that the lender is lending for as mortgage or buyers or sellers
  • Inspection of field by way of GPRS or any other technology 
  • Quality reporting standards or audit process
  • Complying with many legal proceedings and carrying them out on behalf of the clients. 

Whenever a buyer is looking for a house, assessing the value of the house property is on the main tasks that the buyer will Property Valuations Melbourne have to carry out. It is primary for them to know whether the current pricing rate as mentioned on the internet or the tag of the ‘On for Sale’ House will have to match with the current market prices. It is also very important for the buyer to know whether it is a profitable investment that the house buyer is making or not. If a valuator is working on behalf of the seller, then it is best that the valuator will be house seller service provider having done the valuation will be selling on the assessments that the valuator has made. In case later it is found that the price that one has quoted or if the assessments are misguiding will tarnish the name of the valuator. 

Any major difference found in the pricing of the properties in the similar area that the buyer’s target property lies and that which looks like the property being sold, then the valuation will be null and void in terms of the customer. 

For this reason there are very few but most accessible ways if one wants to become a valuator. Ideally the Australian Property Valuator is expected to hold few degree or certification to make reports considered to be accredited.  

One requires a Certified Practicing Valuer (CPV) qualified:

CPVs are property industry professionals, all with tertiary qualifications in the field and accredited with the Australian Property Institute (API), Australia’s premier property professional organization

The ones who are CPVs are found to be impartial, objective and independent. They acquire a hands-on approach to valuation in a professional manner being trained, and having visited apprenticeship. They are also accredited with the Australian Property Institute (API).

Other certificate is of Certificate of Compliance, and Risk Management Certificate. Property Valuator having a diploma n Property Services (Agency Management) called Diploma – TAFE is recognized nationally meeting the standards of Australian Qualification Framework standards. Minimum Prerequisites is having attained 17 years of age, and HSC preferred.