If you are thinking of buying or selling a property, you will need to get a property valuation. A property valuation is an estimate of the current market value of a property, based on recent sales of similar properties in the area. melbourne-valuations.com.au

There are a number of reasons why you might need a property valuation, including:

1. You are thinking of buying or selling a property

If you are thinking of buying or selling a property, you will need to get a property valuation in order to find out how much the property is worth. This will help you to negotiate a fair price for the property.

2. You are taking out a mortgage

If you are taking out a mortgage to buy a property, the lender will usually require a property valuation to be carried out. This is to ensure that the property is worth at least the amount that you are borrowing.

3. You are refinancing your mortgage

If you are refinancing your mortgage, you may need to get a property valuation in order to get a lower interest rate. Lenders will often require a property valuation to be carried out in order to assess the value of the property.

4. You are making an insurance claim

If you need to make an insurance claim for damage to your property, you will need to get a property valuation in order to assess the value of the damage. Insurance companies will often require a property valuation to be carried out before they will pay out on a claim.

5. You are divorcing your spouse

If you are divorcing your spouse, you may need to get a property valuation in order to divide your assets fairly. A property valuation will help to determine how much the property is worth so that you can divide the assets fairly between you and your spouse.