Property valuation as many of us would be aware is a very important component whenever there is a property buying and selling. It is one of the many steps that have to be followed failing which smooth transfer of ownership from one entity to another may not be possible. While there could be some customers who might believe in the virtues of going through property valuations on their own, a majority of customers are always in favor of going in for valuation with the help of professionals. This is because of some obvious reasons. Valuation of property might look simple from the outside but it is extremely complex and complicated when one gets inside it. It requires special qualification, experience and expertise and only those with the above three attributes would be able to do a good job of it. Hence, it is always prudent and better to get property valuation done from experienced professionals.
While the important of property valuation is now known to us, let us try and find out why it is important to certify these valuers. Like any other service, valuation is a specialized job and only those who have gone through some basic procedures and steps would be in a position to perform the task to the satisfaction of customers. Further, certification is needed because it will be a wonderful tool to keep a check on the valuers and ensure that they are performing as per the needs and requirements of customers. They should be taking the customers’ satisfaction and interests fully into account. There should be a mechanism by which the performances of these property valuers are monitored on a regular basis. Towards this objective there is no denying the fact that certification of property valuers is very important.
Now coming to ways and means by which property valuers are certified, it is usually the local government authorities which acts as the nodal authority. They appoint some professionally qualified valuers under their panel. They send them across the various valuers’ offices and find out whether they are certified or not. If they are not certified it is quite possible that the businesses may have to be shut down temporarily. The valuers in question should apply for certification and go through the various steps and processes as stipulated by the local government authorities. Once these steps are fulfilled and completed, the certification is issued to them for a limited period of time.Read More