Advice

Key Considerations in Valuing Deceased Estates for Effective Distribution and Tax Planning When managing a deceased estate, understanding the value of property assets is crucial. This valuation serves multiple purposes, from planning the estate’s distribution among beneficiaries to fulfilling tax obligations. Estate planning property valuation and probate valuation are essential processes that require attention to detail and professional expertise. The Role of Professional Valuations in Estate Planning A professional valuation of property assets within a deceased estate is not just

Navigating through the complex terrain of property valuation can be daunting for homeowners. This guide aims to demystify the valuation report, a crucial document in the property valuation process. Whether you’re considering selling, refinancing, or just curious about your property’s worth, understanding your valuation report is key. What is a Valuation Report? A valuation report is a detailed analysis of a property’s market value, conducted by a qualified valuer. It’s a comprehensive document that provides an estimate of how much

When Do Courts Require Property Valuations? In legal disputes involving property, such as divorce cases, estate settlements, and commercial litigation, courts often mandate an independent property valuation. Understanding the nuances of court-ordered valuation is crucial for both legal professionals and property owners. Standards for Court-Approved Valuers Accreditation and Credentials Court-approved valuers must have relevant accreditation from recognised Australian bodies like the Australian Property Institute (API) or the Royal Institution of Chartered Surveyors (RICS). Ethical Conduct Valuers, much like property lawyers,

When it comes to property valuation in Australia, there are two main categories: commercial and residential. Both types of properties require a careful evaluation to determine their market value. In this article, we will delve into the key differences between the valuation processes for commercial and residential properties, highlighting the role of Melbourne property valuers in this context. Commercial Property Valuation Commercial properties are real estate assets that are primarily used for business purposes. Examples include office buildings, retail spaces,

When property disputes end up in court, an independent valuation by a qualified expert witness is crucial. At Fitzroy Legal, our valuers have extensive experience providing authoritative evidence for litigation. This guide covers how expert witness valuations work and why our expertise delivers optimal outcomes. The Role of Expert Witnesses in Litigation In legal cases involving property values, expert witnesses are appointed to provide impartial valuation evidence to the court. Their reports and testimony help establish facts related to: Market

When land is forcibly acquired by authorities for infrastructure projects, landowners are entitled to fair compensation. However, determining the right valuation can be complex. At Fitzroy Legal, our property valuation experts help maximise your compensation entitlements. This guide covers the key aspects of compulsory acquisition valuations. What Land Can Be Acquired? In Australia, federal and state governments have powers to compulsorily acquire land for public purposes under land acquisition acts. This includes land needed for: Transport infrastructure like roads, railways,

When land is acquired for infrastructure projects or resource development, determining fair compensation can be complex. At Fitzroy Legal, our valuation experts guide authorities and landowners through the process to reach equitable outcomes. This article explains what’s involved in specialist land acquisition and compensation valuations. Services for Acquiring Authorities As an acquiring authority planning compulsory acquisition or resumption of land, you need accurate valuations to budget compensation costs. We provide: Full acquisition valuations for land, improvements and severance damages Compensation

Getting a property valuation lower than expected can derail your home loan approval. But is it worth challenging the bank’s valuation? At David Fitzroy, we employ proven tactics to overturn unreasonable valuations on your behalf. This guide explains when and how to dispute a low valuation. Why Do Low Valuations Happen? Most valuations line up reasonably close to the asking price. But certain factors can lead to abnormally low appraisals: Falling property values during market downturns Major hidden defects overlooked

Going through a separation or divorce is an extremely difficult and emotional time. When a relationship ends, one of the most valuable assets that needs to be divided is often the family home or other shared property. Having an accurate, unbiased property valuation is crucial for reaching an equitable settlement and avoiding prolonged disputes. David Fitzroy understands how stressful this process can be. As experienced family law property valuers, we are here to guide you through the intricacies of property