Valuation Request

Frequently Asked Questions

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Q. What is the cost of valuing a property?

A. Minimum fee of $2,000 (+VAT) for all properties up to $500,000. Thereafter our fees will be $2,000 plus ¼ of 1% on the excess above $500,000 (+VAT). Fees are inclusive of photographs, maps, sketches and traveling throughout Trinidad and Tobago.

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

A. A discount of approximately 30% off the current fee payable (subject to a minimum fee of $2,000 plus VAT) is given provided all of the following:
1. The previous report was done by this company.
2. The previous report was done for you personally.
3. The previous report was done within the last 3 years. However, if the previous report was done within the last 4 – 6 years the discount will then be approximately 15% off the current fee payable (subject to a minimum fee of $2,000 plus VAT).

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

A. 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.

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

A. See valuation request.

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Q. How should I choose a Valuation firm?

A. It is important that when arranging a valuation for a specific purpose,
you ensure 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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Q. If the bank requires a Quantity Surveyor’s Report, can your company provide me with one?

A. Yes we have a Quantity Surveyor available who is also a member of the Royal Institution of Chartered Surveyors (RICS). We can therefore provide you with both a Quantity Surveyor’s Report and a Valuation Report on your property.

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