Despite NT Valuers not completing mortgage security valuations, we believe in sharing our knowledge about mortgage security valuations, so you are well informed about the property sector.
Banks undertake mortgage security valuations with the intention of determining the property’s market value at the time of the inspection. The market value is essentially the price that could be negotiated in a fair and open market between a willing seller and a willing buyer.
When you’re taking out a mortgage, your bank or other lender will require a mortgage security valuation so that they are confident that if the property had to be sold quickly they could recover the remaining balance of the loan if the property had to be sold quickly. Bank valuers are also working on behalf of the bank so they want to protect the bank’s interests and will be conservative when arriving at the final property value meaning that the final total in the report may not be a true indication of the property’s value.
NT Valuers is an independent valuation company that conducts market valuations with complete impartiality so you can be assured that the valuation you receive can be relied on as a true reflection of what the property is worth and could be sold for in an arm’s length transaction.
With two decades of property valuation experience in Darwin and regional Northern Territory, as well as Australian Property Institute membership you can be assured that our valuation reports are prepared with diligence. They will inspect the property and research the market with particular attention to the following external factors that may influence the price: The area’s population/Supply and demand;The area’s infrastructure such as schools, hospitals and transport etc;The area’s demographics;Negative gearing;Economic growth;Supply and demand.
They will also assess internal factors like: Size and usable space for example, a house with 4 bedrooms will be worth more than a house with only 2 bedrooms, even if they are the same size;The age of the house;The type of materials used in the building’s construction;The contents of the inspection report;Improvements like modernising the bathroom.
We pride ourselves on our impeccable customer service standard and can undertake current market valuations that you can present to your bank when you’re in the process of securing a mortgage. With 20 years of expertise in the property valuation sector you can have faith in your valuations.
To organise a time for one of our valuers to inspect your property, you can call us on (08) 8911 1505.