How much will a valuation cost?
There is a misconception that valuation fees form a sizable percentage of the resultant values of the asset. In all cases, fees are discussed and agreed up front and are in line with, or less than, those charged by other professionals.
Our prices reflect the time the exercise will take, the complexity and type of valuation required.
We believe that you need to know up-front what the exact cost will be and that there will be no hidden extras. Accordingly, free quotations are given as a matter of course. All we may ask you to do is provide a few details about your requirements to help us quote.
How quickly can you complete a valuation?
The valuation process comprises three stages: site inspection, research and valuation report preparation. Inevitably, doing the job properly can take a little time. Our quotation will set out a time frame as to when we can complete the valuation. We can usually accommodate your needs but will tell you up-front if we cannot.
What protection & recourse do I have if I believe your valuation is wrong?
This is a very important issue. All our valuers are registered with the S.A. Council for Property Valuers Profession and are members of the SA Institute of Valuers. However, if you believe that we have not acted professionally or undertaken the exercise for you with the appropriate degree of care and skill and we are unable to put your mind at rest after you have discussed the issue with us, you are entitled to lodge a complaint with the following bodies:
- South African Council for Property Valuers Profession www.sacpvp.co.za
- South African Institute of Valuers www.saiv.org.za
If you believe that you have been financially compromised you are entitled to contact us and advise that you wish to lodge a claim against our professional indemnity insurance; or, alternatively, you may approach our insurers directly. We will provide you with the insurer’s contact details.
Many of our competitors do not carry professional indemnity insurance. Your options for financial compensation are then virtually non-existent. Always request full details and copies of a valuer’s insurance when he quotes you to undertake a job or before you instruct him. Insist on insurance proof. Do not let the valuer put you off. If he does not have it, do not use him. He clearly does not have your best interests at heart.