Opposing side valuation – with comments
Deborah Leshinsky specialises in analysing reports of other valuers for the courts, mediation, arbitration and more.
Please contact Deborah on 0417331084 for assistance
11th March 2021
Current Market Value letter
You have requested from myself to prepare a letter outlining my position regarding the opposing side valuation report as of the 15th January 2021. You have also asked for me to find the comparisons between the two reports.
Comparable Sales
Location
“size, shape accommodation state of repair of any improvements
topography and location”.
Adopting the sales figure
As per the Australian property Institute the Market value definition of an asset is the amount for which an asset should exchange on the date of valuation between a willing buyer and willing seller in an arm’s length transaction after property marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.
Size and shape of land
This property because of its irregular size of land and corner allotment location has/had potential to be developed when purchased and that is why the property has now been developed. The irregular shape is a developers dream. Whilst the subject property is not a perfect rectangular shape this type of shape is designed for development of two units.