If yours is not below, ask a real valuer and somebody who signs reports answers.
A valuer's signed opinion of what a property was worth on one nominated day, with the comparable sales and the reasoning set out beneath it. It is an opinion about the property, not about the arrangement currently inside it, which in Footscray is a distinction worth drawing.
An appraisal is a free, unsigned selling estimate given while an agent competes for the listing. A valuation is independent of any sale, effective as at a stated date, evidenced by settled sales and signed. An appraisal also assumes you are selling, and most Footscray owners who need a figure are not.
In Victoria, a valuer with the professional qualification and standing to have their opinion relied on. Their name and credentials appear on the report, which is exactly what allows a third party to act on it.
Yes. A valuer independent of your fund prepares and signs it, SISR 8.02B is the standard it is written to, and the comparable sales are attached rather than summarised, so an auditor can follow the figure back to its evidence.
The valuer whose opinion it is, named with their qualification. Not the evidence engine that gathered the sales, and nobody signing in their stead..
No. Nothing in it is signed, so there is no independent opinion for an auditor, an accountant or a revenue office to stand on. Use it to decide, not to report. On timing: a signed desktop report usually goes out the same day, and an Automated Market Assessment the next business day.
It is effective as at its date rather than open-endedly. Where the recipient applies a currency period, that period governs, and your adviser will know which. A good share of the Footscray work we do is dated to a day a property changed what it was doing, where currency is not the question at all.
Yes. $169 for signed desktop reports, $79 for Automated Market Assessments.
An advertised price is a marketing position, often a range set to attract interest. A valuation reports settled evidence. A Footscray campaign will also lean on what a property could be made to do, whereas a valuation reports what it is, on a stated day, against sales that actually happened.
A signed desktop report is usually ready the same business day. An inspected report waits on access, and where several people share a Footscray address that step tends to set the timeline. An Automated Market Assessment arrives the next business day.
No. A rates notice carries a value struck for rating at a date the council chose, for a purpose that is not yours. A valuation covers the property at the date you actually need, with the sales behind it set out. Two different questions, and the answers rarely line up.