Valuation Request

Frequently Asked Questions

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Q. What is the cost of valuing a property?

A. Fees are based on the property value as follows:
$2,000 for the first $500,000 of the opinion of the market value and ¼ of  1% of the excess over $500,000 plus VAT, subject to a minimum fee of  $2,000 plus VAT.

Q. If my property was already valued in the past what will it cost to get an updated report?

A. In cases where we have done a valuation on the same property within the last three (3) years and for the same client, a discount of 30% of the fee is given, subject to a minimum fee of $2,000 plus VAT.

For properties valued within the last four (4) to six (6) years and for the same client, a discount of 15% of the fee is given, subject to the minimum fee quoted above.

Q. How long does it take to get a valuation report?

Customarily your property will be inspected within 1 to 5 days of receiving your request (verbal, email or written). After inspection, your report will normally be ready in 4 to 5 working days. The above times apply to residential properties only.

Q. How can I order a Valuation report and what documentation do I need?

A. See valuation request.

Q. Why would I need to have my property valued?

For the following purposes:

- Purchase                  - Mortgage/Refinance           - Sale               - Insurance    

- Stamp Duty             - Balance Sheet                      - Statutory Requirements.

Q. How should I choose a valuation firm?

A. It is important that when arranging a valuation for a specific purpose, you ensure that the Valuation Firm selected is approved by the ‘end-user’. G.A. Farrell & Associates Limited have qualified, professional valuers and are approved by all the major Mortgage Lending Institutions.

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