Real Estate Open Market Valuations

The International Valuation standard (IVS) standard definition of the Market Value that is as follows:
The Market Value is the estimated amount for which an asset/property should exchange on the date of valuation between a willing buyer and a willing seller in an arms’ length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.

Building and Movable Insurance Valuations

This type of Valuation is mainly to done for the following reasons:

TDetermine the amount of insurance required for the purpose of establishing insurance cover (i.e. to assist in assessing declared value or sums insured)

TTo determine the sum loss or damage as a result of an insured peril.

TProviding a starting point for accurate sum insured which can up-dated each year in line with inflation.

TEstimating the rebuilding / replacement costs for unusual features of the property e.g. fences, bridges, areas of hard standing, etc.

Mass Valuation related to Municipal Property Rates Act No. 6 of 2004

Valuation of Municipal Properties and preparation of Valuation Roll in line with the Act.

Plants and Machinery Valuations

Providing independent valuations to establish the full replacement value of a wide range of movable assets and possessions of value.

The valuation may be required for such purposes but not limited to:

Purchase or sales of property

Property rental determinations

Valuations for mortgage bonds

Expropriation and compulsory purchases

Insurance valuations

Assessment rates

Financial Assets/Company account valuations

Investment appraisals

Deceased estate valuation and Servitude Valuations

Assessment of movable property for financial purposes.

Property Type

Residential

Commercial

Industrial

Retail

Agricultural

Leisure and Hotel

Resort

Nature Reserves

Sectional Title Schemes 5 Share Blocks

Movable Assets

Plants and Machinery

Vehicles

Office furniture

Office Equipment