Products
Market Price Valuations
Market value
A market price valuation determines the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.
A property’s market valuation takes into account the value of the land and its improvements, its state of maintenance, desirability, accessibility and location relative to shopping centres, schools, medical facilities, major nodes and arteries etc.
A market price valuation is useful when:
- making an informed marketing, buying or rental decision.
- appropriating a deceased estate.
- determining fair compensation for land expropriation under the Land Restitution Act.
- dealing with legal settlements, e.g. divorce cases.
- contesting municipal rates and taxes.
- submitting tax declarations.
- establishing an auction reserve price.
- preparing a corporate take-over or merger.
- winding up an insolvency.