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.
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).
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.
Q. How can I order a Valuation report and what documentation do I need?
A. See valuation request.
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.
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.