Property Valuation is the determination of the worth of the interest subsisting in the property. This involves an economic process resulting from the interaction of market forces dominant amongst which are the forces of demand and supply; expressed in monetary terms or figures for the benefit of the consumer of the report We also carry out valuation of plants and machinery.
Our approach to valuation requires the identification of the physical structures involved, the rights to be valued, the purpose of valuation, type of value sought and the date at which valuation will apply .
The Valuation report is presented to include the the data collected, our observation of findings and opinion of value of the property or interest based on the purpose for which the exercise is been intended.
The purpose for which the valuation is carried out include:
- To secure a mortgage facility.
- Rating
- Probate
- Insurance (Reinstatement / Indemnity).
- Property Disposal and Rental.
- Acquisition.
- Merger bids.
- Compulsory acquisition and compensation.
- Privatization.