Information relating to a property is not only its “value”. It also covers the property data and factors that may be material to the issues under consideration in a case.
Services are provided in accordance with professional principles, valuation standards and applicable regulations.
In a case involving property, value alone may be only part of the information required.
Acquisition history, possession, use, physical condition and related factors may all support the consideration of the facts of a case.
Working alongside legal counsel to define an appropriate purpose and scope of valuation, within professional principles and applicable regulations.
A valuation can examine the property information relevant to the purpose and scope of the engagement.
Analysis and assessment of property value as at a defined date and for a defined purpose
Information on the type, characteristics, condition and use of the property
Analysis of market data and comparable properties, as appropriate to the asset type
Review of relevant documents and data within the scope of the engagement, compiled into a background history of the property for use in a case
Applying valuation methods suited to the asset type and the purpose of the engagement
Presenting data and an opinion of value within the scope and conditions of the engagement
Each valuation is considered according to the facts, purpose and scope of the individual engagement.
Property value information supporting the consideration and administration of estate assets
Valuation of assets connected to a business, according to the purpose of the engagement
Review of property data, condition of works and related factors
Property value information supporting the consideration of assets held by the parties
Information on characteristics, use, condition and value of the property, aligned to the issues in dispute
Property value information supporting seizure, attachment, and the setting or challenging of auction reserve prices
A working approach that keeps the scope of valuation clear and appropriate to the engagement
Understand the type of engagement and the property issues involved
Consider the asset type, the data required and the necessary scope
Inspect, gather and analyse information in line with applicable criteria
Present the data and the opinion of value within the scope of the engagement
Each profession works within its own area of expertise
PROSPEC has a team of valuers and property specialists with experience across a wide range of asset types, able to define a scope of work suited to the purpose and the property issues of each individual matter.
Where an engagement involves explaining data or a valuation opinion, this can be carried out within the agreed scope of work and applicable criteria.
PROSPEC’s property valuation services place emphasis on independence, impartiality, transparency and professional standards.
Reports are prepared according to the purpose, scope, assumptions and conditions of the engagement, together with the rules and requirements of the relevant regulatory bodies.
A valuation report is a professional opinion on property value. It is not legal advice or a legal opinion, and it cannot guarantee the outcome of a case or the decision of a court.
Talk to PROSPEC’s valuation team to define the purpose, scope and valuation approach suited to your matter.
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