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Why The Need For A Formal Course On Property Valuation

residential property valuers in SydneyThe need for a relevant course on property valuation is being felt all the more as the entire real estate market is going through a churning. The events of 2008 and the disastrous consequences that it has left behind has really made the market topsy turvy. While some bit of order and semblance is now visible, the demands and requirements of modern day customers is also going through some paradigm shifts. Before investing even a dollar in real estate customers would like to be aware of what exactly they are investing in and what is the medium and long term perspective of such investments. Most of the retail customers would be in a position to have one or at the most two real estate properties in their life time and would therefore like to make the most out of it.

Before buying out such properties it is natural for customers to have a look at the same from various angles. As property valuers in Sydney the onus is on them to be in a position to satisfactorily reply to the various queries which the customers might have. This calls for having in depth knowledge of the various matters pertaining to real estate valuations. It is here that a formal education or a short term or full term course on property valuations could come in very handy.

When a property valuer is able to match his rich experience with a formal qualification it could certainly be a winning combination from many angles. They will be able to give the required answers to the customers and back it up with facts and figures. Further when they actually get into the job of valuation, it has been found that those who have a formal qualification on property valuation are in a better position to do a better job of it. They are better equipped to have a look at property valuation from different angles. In fine, they will be able to add a lot value to the customers which is what today’s younger generation customers expect.

There are a number of such online and offline courses which could be put to good effect to help a valuer to graduate from good to best over a period of time.

Why Should There Be A Course On Property Valuation

property valuers BrisbaneProperty valuation Brisbane is not as simple as it might look to persons from the outside. There are a number of complicated issues to be tackled and addressed. Timely submission of reports without compromising on accuracy of figures are now becoming important attributes that go in describing a successful property valuer. Under such circumstances, there is a growing need to go in for a full fledged course on property valuation. Though there are a number of short term diploma and certificate courses the day is not far away when there certainly would be a crying need for full time property valuation courses

The reasons for such courses could be because of various reasons, a few of which are being discussed hereunder:

• Only through a formal course would the valuers be able to understand the finer contours related to valuation.

• For example, measuring the land, calculating the value based on such measurements and other such related jobs are quite complex and needs formal training and knowledge.

• Valuation of property also needs to take into account the various government and regulatory aspects and the only way it can be understood is by going through such courses.

• There are many types and variants of property valuations and the best way to have a thorough understanding of the same is by attending a good and reputed valuation course.

• Timely submission of reports is becoming a big necessity today and this can be done only by having thorough knowledge of the subject.

Taking the above facts into account, there certainly is a big need for a formal and full time course on property valuation.

The Growing Need For A Formal Course In Property Valuation

hqdefaultAll said and done the main objective of any real estate or property valuation is to ensure that both the sellers and buyers are able to be sure about the fair market price of the property that is either being bought or sold. However, this apart there are many other reasons that property valuation in Melbourne City are becoming important. In the field of property valuation alone there are many branches and divisions which must be understood very well for those who wish to take up a career in this field. It certainly is a very potential career where hard work, focus, customer service and willingness to learn and implement will certainly be rewarded. However, it may not be possible to get the best out of it unless one attends the right property valuation.

It would be interesting to find out the various benefits and advantages that one would get by attending such property valuation courses. First and foremost a good valuation course is no longer a luxury but a necessity. Gone are the days when mere experience and knowledge in this field was enough to land you in a job or take this as a business. Today it is mandatory for valuers to have approval and recognition from the government authorities. Government authorities give recognition based on the certificate or diploma courses that one has completed in the field of property valuation.

Further if you are one of those who have taken the trouble of completing a valuation certification course, it is quite likely that your knowledge level will be much higher. You will therefore be in a much better position to understand customer needs and serve them to their satisfaction. The rules governing valuation is something that keeps changing every now and then and only qualified valuers would be able to get an easy grasp of such changes and the impact that it would have on customers.

There are many ways and means by which you can attend such property valuation courses. There are a quite a few renowned and reputed institutes that offer part time or full time courses. You could also opt for the online courses which you could complete sitting in the comfort of your home. In fine, it goes without saying that those who wish to grow big in their jobs as a valuation specialist or for those who wish to start their own valuation business, it is imperative to attend a good course and pass it with good marks and grades.

Growing Importance Of Formal Education And Training On Valuation


There is a growing need for putting in place a formal education and training module for people who are already working in the real estate market as valuers and also for those new aspirants who are keen on building a career in the field of valuation. Though there is little doubt that the demand for  quality valuation specialists in Perth is increasing with each passing day, there is dearth of quality institutes that offer the right kind of education and knowledge in this highly important and vital field of property business.

Hence today the need of the hour is more numbers of institutes and colleges that offer formal training courses to budding and experienced valuers. It should cover the entire industry and should bring under its fold asset managers, practitioners in the field of valuations, managers who manage funds and other types of movable and immovable assets and of course valuers who earn their bread only through vanilla property valuations. The question that is often being asked is why there is a need for special valuation course when everything can be learnt on the ground. The answer is quite simple and the following few points will certainly strengthen our views on this matter:

• Valuation is not the same as it was a few decades ago. Things have changed quite dramatically on the ground. The number of entities who are entering into the real estate market has perhaps quadrupled and therefore the need for quality valuers is being felt today more than ever before.
• Valuation is a highly technical subject and there are quite a few things to learn and unlearn. The rules governing valuations are different in different areas of the country. Hence, there cannot be a straight jacket approach to valuations.
• Good valuation practices should focus of strong basics which are best learnt only through such formal courses.
• Almost all the government and regulatory authorities insist only on recognized and government approved valuers. This is not possible unless the aspirants have the right qualification in this field.
• Apart from being basically qualified in the area of valuations, it is also very important for candidates to also go into higher education areas and specialize in a particular or a few areas of valuation.
• As most of us would be aware valuation is not only about valuing properties and real estate establishments. It is much more than that.
• A good valuation course should also cover other relevant areas like prudent real investment decisions, prospects for people who would like to take up real estate broking, apart from the conventional areas of valuation and appraisal of properties and other such assets.
• A good valuation company should offer valuation and other courses that are job or career relevant. They should take into account today’s customers’ need for doing these courses from the comfort of their homes. Hence, offering online courses is of extreme importance.

Last but not the least, the course should be well structured, and the institutes are supposed to provide the right infrastructure in terms of quality of faculties, classrooms, and other amenities for those opting for online training and education.

How Does A Formal Qualification In Property Valuation Help

While there is no doubt that property valuation is extremely important for ensuring smooth transfer of ownership from the seller to the buyer, is there a need for a formal qualification to become a property valuer? This is a common question that we often come across from those who are aspiring to build a career in property valuation. While in most of the provinces in this country an undergraduate degree would be enough to become a valuer having a formal qualification does help in more ways than one. Here are a few important reasons why it makes sense to have a formal qualification in property valuation.

Certified Property Valuers or CPVs as they are called are held in high esteem not only the valuation business but also in the real estate industry as a whole. Though individuals may not insist on a formal qualification for valuing their properties, banks and financial institutions always favor valuers with a formal qualification. In the same light when you are working for a conveyancing or property settlement company, it is quite likely that they will be comfortable dealing only with valuers who possess a formal qualification on property valuation.

There are a number of obvious benefits and advantages if you qualify as a CPV. First and foremost, it helps them to handle customer queries much better and more confidently. Further, when you would like to take your business beyond the confines of your city or locality, having a formal qualification on the subject matter will certainly help in more ways than one.

It would also be pertinent to point out that government department and revenue officials dealing in record keeping of real estate properties would like to empanel only those valuers who possess a formal qualification on the subject matter. Hence, after taking all the above facts into account there are reasons to believe that a formal qualification on property valuation will do immense good. Today, there are a number of online institutions that offer time bound course on the property valuation. You can complete them sitting in the comfort of your home or workplace. Just by spending some money, time and effort you will be in a position to take your valuation business to higher levels. Those who are desirous of making a career working for real estate valuation companies, there is no doubt that property valuation courses are a must and not a choice.

A Few Reasons That Justifies The Need For A Formal Course On Property Valuation

ppi_property_management-300x300Whenever a property is bought or sold or even when there is an ownership transfer without any commercial consideration, a number of steps, formalities and procedures have to be gone through. Buying and selling a property is not as simple and easy as buying other movable or immovable properties. It is quite complex and complicated. There is no doubt that professional help has to be taken to go through the process which finally culminates in the transfer of property ownership from one person to another. Amongst the various processes that are considered important there is little doubt that property valuation and appraisal has a very important role to play. Though there are many who consider valuation of property a wasteful expenditure, such thoughts and perceptions are because of lack of knowledge than anything else.

For example when it comes to the value of a home there are many key performance indicators or KPI as it is commonly known. The age of the property, its location, size and quality of material used are some indicators that could determine the value of a home. Further, the absence or presence of various types of covenants and encumbrances could also affect the value of a property. However, for the ordinary customer who is planning to buy or sell such properties, having knowledge and information on all the above parameters would be quite difficult. Their lack of knowledge and experience is the single biggest reason. Under such circumstances, it is very important to take the help of professional valuers. They play a big role in helping customers to look fro the right KPI that could increase the value of the property.

Having had some basic idea about the importance of property valuation, it is important that as customers we identify the right service providers. Amongst the various attributes that determine in judging a valuer, there is no doubt that qualification has an important role to play. As customers become more and more educated and knowledgeable, it is incumbent upon the valuers to add more value to their services. Towards this objective there is no doubt that property valuation courses have a big role to play. Customers often perceive valuers with qualification to be a better alternative to those who do not have such qualification. Hence, if you are a valuer who wishes to take your business to higher levels, then going in for a formal course on valuation is extremely important to say the least.

Is There A Need For A Formal Course On Property Valuation

homes-300x225Before we understand the need or otherwise for a formal course on property valuation, it would be interesting to have some basic information about real estate and property valuation in the first place. Though many of us would be aware of it, it would be not a bad idea to re-visit this subject once again. Put in plain and simple words, real estate valuation is nothing but having the right information about the fair market value of the property that is either being bought or sold. While there is no doubt that the market can give us a rough indication about the value of a particular property, to enable the value to have a legal standing and acceptance, it is important that it is certified and authenticated by a certified, experienced and capable property valuer. It would also be pertinent to mention here that valuation is one of the many processes that have to be gone through before the ownership of a property gets transferred from one person to another.

Now that we have a reasonably fair idea about valuation and its importance, let us try and find out why it makes sense to have a formal qualification on the subject matter for any valuer. Though a formal qualification may not still be compulsory or mandatory, it is important to bear in mind that as far as customers are concerned they find it more comfortable dealing with valuers who have a formal qualification. When it comes to banks and financial institutions, there is little doubt that they would always like to hire property appraisers who have a formal qualification on the subject matter. The same is the case with government departments and also property advocates and attorneys. Many high ended customers who are looking for the best quality valuation would always hand over their requirements to qualified valuers.

Hence, it is very important for valuers to understand the growing importance in having a formal qualification on property valuation. This is not a big bothersome matter. Just by spending a few months and attending some online courses and then taking an exam it would be possible for valuers to have a formal certificate. This will certainly stand them in good stead as far as their business reputation and goodwill is concerned. It will also enable them to face customer queries more confidently. Hence, having a qualification is a win-win situation from all points of view.