When you consider buying or selling a property, the first thing you think about is the price, but you forget an important fact, the value. Indeed, value and price are not the same because one thing is the price that it has, and another is the value that we give it and where emotional, synergy or investment factors influence. Therefore, it is advisable to have an official Appraisal for property in Melbourne that prepares an appraisal report. What is a Property Appraisal? Property Appraisal is a process through which the official value of some property is known. For this, a series of l ..read more

The nature of buying and selling in the real estate industry is guided by the adage “something is only worth that which someone is willing to pay for it”. This is only partially true in the case of real estate as the amount which investors are willing to pay for a property might just be well below the ‘fair market value’. Now, this conception begs the question of how is fair market value determined. It is an assessment that is carried out by a third-party expert who is adept in various property valuation methods. Furthermore, due to their significant differences, there are different ways of va ..read more