Value Defined

1 

Market Value

• "Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and willing seller in an arms-length transaction after proper marketing wherein the parties acted knowledgeably, prudently, and without compulsion."

2

Understanding Value

• There is no single value for a property. Different perspectives result in different values: an owner, a potential buyer, and an outsider will all have different views.

• Valuations can be forward-looking or retrospective and are based on certain assumptions. Each individual's assumptions vary, leading to different opinions on the valuation.

3

Why Use a Registered Valuer

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• A registered valuer provides a trustworthy, professional, and legally recognized assessment of property value, ensuring the valuation is accurate, impartial, and suitable for financial, legal, or strategic decisions and compliant with legal and professional standards.