WHEN THE VALUER GETS IT RIGHT

When you are asked to value a property for Fair Market Value, pre-sale or help setting an auction reserve you have to have a good understanding of the market and importantly do your research. Just Property Valuations was asked recently to value a property that was going to auction in the Eastern suburbs. The home was in a beachside location offering ocean views, the owner was unsure of the price that would be acceptable, so when the home was approaching auction time, they contacted Just Property Valuations to help with a figure that would be acceptable to them. There had been different opinions thrown around as to the price, so of course this can be daunting.

The result, the valuer assessed the property at $9,000,000, and it sold at exactly $9,000,000 at auction. That suggests the valuer had a strong understanding of current market conditions, the property’s specific attributes and buyer demand.

This was an exceptional outcome and valuers are not always spot on with prices and Auction prices are set by open market competition, so when a sale price aligns perfectly with a valuation, it shows the valuation was not only theoretically correct, but also practically validated by real buyers. This level of accuracy builds trust — from sellers, buyers, banks, and agents — that the valuer is competent and reliable.

Yes, this is a great result — both for the seller and as validation of the valuer’s skill. You could fairly say:

“The market confirmed the valuer got it exactly right.”

If you are in need of a valuation for your property, call 0426949484 for a confidential talk or advice as to how we can help.