Property valuation is considered to be one of the important aspects of any property buying and selling. However, it is a complicated subject and out the bounds of possibilities of ordinary customers. Hence it is not quite surprising when we see most of the customers taking help of professionals valuers to ensure that the entire process of property ownership transfer takesplace easily. But it is very important that as customers we choose the right valuer who has all the right attributes. These include experience, expertise, qualifications and most importantly certification. Certification is mandatory as far as real estate valuers are concerned. Therefore as customers we should take the trouble of finding out whether a valuer is competent to undertake valuation in the first place.
The reason why it is considered very important to choose a certified property valuer is because of many reasons. First and foremost one has to bear in mind that a valuation report has many legal ramifications to it and therefore must be handled only by those who have the right experience and expertise. This does not come with default and a valuer has to go through various processes involved in certification only after which he or she is considered fit enough for the job. A certified valuer is the one who is accepted as the legal entity as far as banks, financial institutions, big real estate promoters and customers are concerned.
Getting a property valued by a valuer who is not certified will be not correct legally and there is a grave risk of the entire property deal falling through. Hence, even it takes some time it is always better to look for property valuers who have the required certification. Apart from the legal requirements that make it mandatory to deal only with certified valuers, the job of valuation is done very professionally as far as these professionals are concerned.
The entire process of certifying a property valuer is quite lengthy and begins with an application from the valuer. Once the application is received the process of certification starts. It is done by a group of qualified and certified valuers and other professionals. The process involves many steps and it all begins with a thoroughly look at the various facilities and amenities that are available for smooth valuation. Once this is done the valuation certificate is issued after ensuring that all processes and steps are in place. The certification is valid for a certain period after which it is renewed again.Read More