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  • G.A. Farrell & Associates Ltd | Valuation Request

    Valuation Request Submit A Valution Request MAKING A VALUATION REQUEST A 4-STEP PROCESS 1 2 3 4 Thank you for considering our firm to prepare a valuation report on your property. The following will acquaint you with the steps that will be necessary when requesting a valuation. Submit a Valuation Request Completion of our Fillable Valuation Request Form or our Online Valuation Request Form . Documents to be provided: (Please note that additional documents may be required based on the purpose of valuation) A copy of a valid photo ID A utility bill or other document for proof of home/mailing address (Proof of home/mailing address should be dated within a 6 month period) A copy of Deed / Title document or any Lease(s) A copy of Survey Plan / Cadastral Sheet If available, any Town & Country Planning Approvals (as per our Conditions of Engagement, in the preparation of the report, it will be assumed that statutory approvals have been or would be granted for the existing or highest and best use of the site) If purchasing – copy of the Purchase Agreement / Sale Agreement For Proposed Building (Projected Valuation): Copy of approved Building Plans Quantity Surveyor’s Report (Please confirm if one is required by the Lending Institution) or Builder’s Estimate Deposit Property Type DEPOSIT AMOUNT (Please note: This amount will be deducted from the total cost and is applicable for properties below $5M.) Residential (Building and/or Land)​ $2,250.00 Agricultural Land (Subject to review before acceptance) $2,812.50 Mixed (Residential & Commercial) $3,375.00 ​ Commercial Please contact our offices for more information. Please be advised that our Valuation Fees* for standard valuation reports are quoted below in Trinidad & Tobago Dollars (TTD) and the VAT Rate is 12.5%. Property Value Fee Structure $0 - 500K $2,000.00 Plus VAT $500K - $5M $2,000 + ¼ of 1% on excess over $500,000 plus VAT Over $5M Kindly contact our office for a quotation. (Minimum fee is $2,000 plus VAT for Residential properties; $2,500 plus VAT for Agricultural properties; $3,000 plus VAT for Mixed (Residential / Commercial) properties; $5,000 plus VAT for Commercial properties) *Payments can be made via cash, credit card, debit card, cheque, online banking or direct deposit. Site Inspection Your Valuation Request may be submitted using one of the following methods: Via our website: Complete our Online Valuation Request Form, submit supporting documents and pay the deposit using the ‘Our Services’ tab above. Our Administrative Staff will also call for any further information that is required. ​ Visiting our Branch : Our Administrative Staff will take all the necessary information, documents and payment at any of our branches most convenient to you. You may enter the relevant information on our Valuation Request Form and walk with it when visiting our branch. Note: Obtaining the information may take a few minutes, and we kindly ask for your patience as it ensures all information is received. 2. Site Inspection When we have received your request, deposit and all requested documents, our Valuation Officer will contact you or your appointed access person within approximately five (5) working days to arrange an inspection of the property. Please note that the inside of all rooms have to be inspected. If the inside of all rooms or apartment were not seen, this will be clearly stated in the report. Kindly secure all dogs, regardless of size, when our Valuation Officer visits the property. ​ Upon arrival, our Valuation Officer would advise that the outside of the property will be measured first and then the inside. In addition, external and internal photos would be taken. Report Preparation Collection 3. Report Preparation Once no further information is required and barring unforeseen circumstances your Valuation Report should be ready approximately five (5) working days after the inspection is carried out depending on the type of property and the location. This time is necessary for us to carefully analyze all aspects of your property and arrive at an opinion of value. In the valuation process, there are three (3) distinct methodologies (or approaches) used to arrive at an indication of value. They are the Market Approach (a.k.a. Direct Market Comparison Approach), The Income Approach and The Cost Approach. In valuing your property, all approaches will be considered and one or more utilized. 4. Collection When your Valuation Report is completed, we will notify you to arrange collection and payment of the balance of the fee. Should you require a soft copy of the Valuation Report, kindly advise and arrangements can be made upon full payment of fees. ​ Note: Values will not be disclosed nor reports delivered until settlement of our fees.

  • G.A. Farrell & Associates Ltd | Banking Details

    Banking details Please deposit make the deposit to any of the following accounts below: Republic Bank Limited Account: #510001024801 / G. A. Farrell & Associates Limited (Chequing) RBC Royal Bank Account: #100088110015889 / G. A. Farrell & Associates Limited (Chequing) First Citizens Bank Account: #2160780 / G. A. Farrell & Associates Limited (Savings)

  • Projects | G.A. Farrell

    Past Projects The Company is geared towards its continued development and looks towards the expansion of its services. This will ultimately benefit you, the Client. In this regard, and among other endeavours, the firm has committed to forming strategic alliances with leading international valuation firms.

  • G.A. Farrell & Associates Ltd | Limiting Conditions & Assumptions

    Limiting Conditions & Assumptions 1. If the Valuer has provided a sketch in the valuation report, it is to show approximate dimensions of the building and the sketch is included only to assist the reader of the report in visualising the property and understanding the Valuer’s determination of its size. ​ 2. If the Valuer has provided GPS coordinates (Global Positioning System referenced to WGS 1984 UTM), it is to show the approximate location of the property and is included only to assist the reader of the report in locating the property. While it depends in part on atmospheric conditions prevailing at the time the reading was taken, the accuracy of the coordinates is generally within 15m. ​ 3. The valuation report, which has been prepared in accordance with the terms of engagement (TOE), is not a Court document and is not to be used in any Court proceedings. On acceptance of the TOE, the client had accepted that no representative of this firm will give testimony or appear in Court by reason of having prepared a valuation of the property unless specific arrangements to do so have been made beforehand. ​ 4. The purpose and function of the report and valuation for mortgage is to enable the lending institution to assess the security offered by the property for the proposed loan. Unless otherwise stated, the client has not commissioned another specialist survey of the property, structural or otherwise. It must not be assumed that if defects are not mentioned in the report, all parts of the structure are free from defect. Where attention is drawn to some defects, it does not mean that other defects may not exist. Moreover, services have not been tested. ​ 5. If the client is proposing to purchase the property and wishes to be satisfied as to the condition of it, he or she must have a surveyor’s detailed inspection and report of their own before deciding whether to enter into a contract. If the property is of architectural or historic interest, appropriate specialist advice should be sought before carrying out any works. ​ 6. It is assumed that in the event of the destruction of the existing structure(s) if any, all approvals would be granted from the appropriate Statutory Authorities for the reconstruction of a similar building on the site. ​ 7. It is assumed that the property is connected to, and there is the right to use, the reported main services on normal terms. It is also assumed that sewers, main services and the roads giving access to the property have been adopted and that any lease provides rights of access and egress over all communal grounds, parking areas and other facilities. ​ 8. This report does not constitute a structural survey and the opinion of value is contingent upon - a) Good and marketable title; b) Vacant possession is available unless otherwise stated in the Report; c) Planning permissions and statutory requirements for the existing building and its use, including any extensions or alterations have been granted; d) Statutory approvals have been or would be granted for the existing or highest and best use of the site; e) No deleterious or hazardous materials have been used; f) There is no contamination; g) There are no unusual or onerous outgoings and restrictive covenants and there have been no breaches of the lessee’s covenants to 8. warrant a determination of the lease; h) There are no encumbrances or encroachments; i) All parts of the property which are covered, unexposed or inaccessible are in satisfactory repair and condition and an inspection of those parts which have not been inspected, or a survey inspection carried out, would not reveal material defects or cause the valuer to materially alter the valuation; j) 1There are rights to use the roads, drains and all communal areas and facilities; k) No account has been taken of an additional bid by a prospective purchaser with a special interest; l) All information, data, title documents and plans provided by the client and mortgage applicant which were relied upon by the valuer were true and correct; m) There are no outstanding taxes, rates or charges associated with the property; n) The services and any associated controls or software are in working order or free from defect; o) The building and other improvements are structurally sound; p) Where the property is part of a building/development (e.g. townhouses and apartments): i. There is a properly formed and operated management company; ii The cost of repairs and maintenance to the building and grounds are shared equitably; iii. The leases of all the properties in the building/development are materially the same and there are suitable, enforceable covenants d. between all leaseholders; iv. There are no substantial defects, or other matters requiring expenditure (in excess of the current amount or assumed amount of service charge payable on an annual basis), expected to result in charges to the leaseholder; v. Where the subject property forms part of a mixed residential/commercial building or development, there will be no significant changes in the existing pattern of use. ​ 9. This Valuation Report is provided for your benefit alone and solely for the purposes of the instruction to which it relates. Our valuation may not, without our written consent, be used or relied upon by any third party, even if that third party pays all or part of our fees or is permitted to see a copy of our valuation report. If we do provide written consent to a third party relying on our valuation, any such third party is deemed to have accepted the terms of our engagement. ​ 10. Neither the whole nor any part of this Valuation Report or any reference hereto may be included in any published document, circular or statement, or published in any way, without the Valuer’s written approval of the form and context in which it may appear. ​ 11. No investigation has been undertaken with the land registry, regional corporations, public utilities, town planning department, EMA, or any other government body in preparation of this report. ​ 12. It is expressly agreed that in the absence of authoritative information and/or formal advice from any planning authority or related State body, the valuer will make an assumption as to the highest and best use of the property considering, but not limited to, the characteristics of the property including its current use and the character of the neighbourhood. If subsequent investigation by a suitably qualified professional reveals that such use is not allowed by the relevant authorities, the opinion of value could be significantly affected, and the valuer shall not be liable for any such difference. Should any planning permission document, status-of-land letter, completion certificate and/or an approved development plan be provided prior to the completion of this valuation assignment, it will be assumed that the information contained therein is true and correct and no further investigation will be conducted. It is strongly recommended that a suitably qualified professional verify that all relevant approvals have been or would be granted, wherever applicable. ​ 13. We did not undertake a land survey therefore we cannot confirm the size or precise boundaries of the site.

  • G.A. Farrell & Associates Ltd | Webinars

    Webinars 2022 Commercial Real Estate Webinar 2022 Commercial Real Estate Webinar - Clint Langton's Presentation 2022 Residential Real Estate Webinar 2021 Commercial Real Estate Webinar

  • G.A. Farrell & Associates Ltd | Our Story

    Our Story G.A. Farrell & Associates Limited is a leading firm of Chartered Valuation Surveyors who specialize in the valuation of properties in Trinidad and Tobago. ​ In 1976 Gordon Farrell, FRICS, retired from his career as the Director of Surveys, Land and Surveys Department. With over 30 years invaluable experience, he established G. A. Farrell & Associates Limited. Since then the company has grown to become one of the foremost firms of valuation surveyors in Trinidad and Tobago. ​ The founding partner, Gordon Farrell, was joined in 1998 by two other partners, Mark Farrell and Derek de Gannes . They trained abroad in the USA and UK respectively and on their return to Trinidad they brought with them a wealth of international experience, each having worked abroad for over ten years. Mr. Gordon Farrell retired from the company after 32 years in 2008. ​ In order to maintain its high level of professionalism and its contact with the international market, the firm has a policy of Continuing Professional Education. Its professional staff are required to complete at least 20 hours per year. Courses are attended mainly abroad and by correspondence. Some local seminars have also proved to be useful. ​ G. A. Farrell & Associates Limited has grown from a small family practice to a large professional firm and maintains a high ratio of professional staff to administrative staff. It now has offices in Port of Spain (Ariapita Avenue), Chaguanas (Mulchan Seuchan Road), San Fernando (Harris Street), Arima (Shops of Arima) and Tobago (Tateco Building). Its Quantity Surveying consultant is Mr. Clifford Murray (MRICS). Our Founder turns 100 READ MORE

  • G.A. Farrell & Associates Ltd | Valuation Videos

    Valuation Videos Valuation Return Part 1 - Manual Submission Valuation Return Part 2 - Online Submission

  • G.A. Farrell & Associates Ltd | Anti-Bribery & Corruption Policy

    Anti-Bribery & Corruption Policy G.A. Farrell & Associates Limited (”GAF&A”) is committed to maintaining industry standards, best practice and ethics. In this regard, this policy exists so that GAF&A and those who work for the company observe and uphold a zero-tolerance position on bribery and corruption. ​ POLICY STATEMENT GAF&A is committed to conducting business in an ethical and honest manner and is committed to implementing and enforcing systems that ensure bribery is prevented. GAF&A’s zero- tolerance for bribery and corrupt activities means it is committed to acting professionally, fairly, and with integrity in all business dealings and relationships, wherever in the country we operate. ​ GAF&A will constantly uphold all laws relating to anti-bribery and corruption, in particular, Prevention of Corruption Act 11:11 as amended. ​ GAF&A recognises that bribery and corruption are punishable on conviction on indictment to a fine of twenty thousand dollars and to imprisonment for two years or on summary conviction to a fine of two thousand dollars and to imprisonment for four months. ​ DEFINITION OF BRIBERY Bribery refers to the act of offering, giving, promising, asking, agreeing, receiving, accepting, or soliciting something of value or of an advantage so to induce or influence an action or decision. A bribe refers to any inducement, reward, or object/item or value offered to another individual in order to gain commercial, contractual, regulatory, or personal advantage. Bribery is not limited to the act of offering a bribe. If an individual is on the receiving end of a bribe and they accept it, they are also breaking the law. Bribery is illegal. Employees must not engage in any form of bribery, whether it be directly, passively (as described above), or through a third party (such as an agent or distributor). They must not bribe a foreign public official anywhere in the world. They must not accept bribes in any degree and if they are uncertain about whether something is a bribe or a gift or act of hospitality, they must seek further advice from the company’s compliance manager. ​ WHAT IS AND WHAT IS NOT ACCEPTABLE This section of the policy is sub-divided into four (4) areas: ​ Gifts and hospitality GAF&A accepts normal and appropriate gestures of hospitality and goodwill (whether given to/received from third parties) so long as the giving or receiving of gifts meets the following requirements: It is not made with the intention of influencing the party to whom it is being given, to obtain or reward the retention of a business or a business advantage, or as an explicit or implicit exchange for favours or benefits. It is not made with the suggestion that a return favour is expected. It is in compliance with local law. It is given in the name of the company, not in an individual’s name. It does not include cash or a cash equivalent (e.g. a voucher or gift certificate). It is appropriate for the circumstances \e.g. giving small gifts around Christmas or as a small thank you to a company for helping with a large project upon completion). It is of an appropriate type and value and given at an appropriate time, taking into account the reason for the gift. It is given/received openly, not secretly. It is not selectively given to a key, influential person, clearly with the intention of directly influencing them. It is not above a certain excessive value, as pre-determined by the company‘s compliance manager. It is not offered to, or accepted from, a government official or representative or politician or political party, without the prior approval of the company’s compliance manager. Where it is inappropriate to decline the offer of a gift (i.e. when meeting with an individual of a certain religion/culture who may take offence), the gift may be accepted so long as it is declared to the compliance manager, who will assess the circumstances. GAF&A recognises that the practice of giving and receiving business gifts varies between countries, regions, cultures, and religions, so definitions of what is acceptable and not acceptable will inevitably differ for each. As good practice, gifts given and received should always be disclosed to the compliance manager. Gifts from suppliers should always be disclosed. The intention behind a gift being given/received should always be considered. If there is any uncertainty, the advice of the compliance manager should be sought. Facilitation payments and kickbacks GAF&A does not accept and will not make any form of facilitation payments of any nature. We recognise that facilitation payments are a form of bribery that involves expediting or facilitating the performance of a public official for a routine governmental action. We recognise that they tend to be made by low level officials with the intention of securing or speeding up the performance of a certain duty or action. GAF&A does not allow kickbacks to be made or accepted. We recognise that kickbacks are typically made in exchange for a business favour or advantage. GAF&A recognises that, despite our strict policy on facilitation payments and kickbacks, employees may face a situation where avoiding a facilitation payment or kickback may put their/their family’s personal security at risk. Under these circumstances, the following steps must be taken: Keep any amount to the minimum. Ask for a receipt, detailing the amount and reason for the payment. Create a record concerning the payment. Report this incident to your line manager. Political contributions GAF&A will not make donations, whether in cash, kind, or by any other means, to support any political parties or candidates. We recognise this may be perceived as an attempt to gain an improper business advantage. Charitable contributions GAF&A accepts the act of donating to charities — whether through services, knowledge, time, or direct financial contributions (cash or otherwise) — and agrees to disclose all charitable contributions it makes. Employees must be careful to ensure that charitable contributions are not used to facilitate and conceal acts of bribery. We will ensure that all charitable donations made are legal and ethical under local laws and practices, and that donations are not offered/made without the approval of the compliance manager.

  • G.A. Farrell & Associates Ltd | Closing Costs Estimates

    Closing Cost Estimates Rough Estimate on your Closing Costs for the following: Notes: Figures for Stamp Duty on Conveyance do NOT apply to First-Time Buyers Assumes purchase price is the same as the value of the property. No provision has been made for Mortgage Indemnity. Assumes different attorney used for conveyance and mortgage & NOT RPA The figures provided above should be used solely as a guide and is Private and Confidential and intended for your use only. G. A. Farrell & Associates Limited accepts No liability whatsoever if it is subsequently determined that the sum stated above is inaccurate Neither the whole nor any part of this estimate or any reference hereto may be included in any published document, circular or statement, or published in any way, without the express permission in writing from G. A. Farrell & Associates Limited.

  • G.A. Farrell & Associates Ltd | Make a Payment

    Make A Payment Make a payment for your valuation request. Type of Payment Choose an option arrow&v Valuation in Name of Reference Number Amount to be paid Address of property to be valued Additional Comments Make Payment

  • G.A. Farrell & Associates Ltd | Leave A Review

    Leave A Review Share your experience with us Full Name Phone Your email address Reference Number How would you rate your experience? Your Feedback Submit Thanks for sharing! We always strive to improve.

  • G.A. Farrell & Associates Ltd

    G.A. FARRELL & Associates Ltd Welcome to G.A. Farrell & Associates, our website is currently under maintenance to improve your browsing experience. Please stay updated for when we are once again live. We apologize for any inconvenience caused and we can still be reached at our contacts below. | (868) 624-8628 No. 23 Ariapita Avenue, Woodbrook, Port of Spain, Trinidad and Tobago © 2022 G.A. Farrell & Associates Ltd | All Rights Reserved | Designed & Developed by AppNerd Inc

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