Desktop Property Valuations
Sovereign Valuations is experienced in undertaking desktop property valuations for an array of purposes. A desktop valuation is not to be misconstrued for a formal valuation, however it can be a practical solution where physical access to a property is not possible and the instructing party understands the inherent risks of the valuer not physically inspecting the property.
A desktop property valuation is commonly referred to as a ‘desktop assessment’, as it does not satisfy the professional standards required by the Australian Property Institute (API) and the Royal Institute of Chartered Surveyors (RICS) for a formal valuation.
Assisting with the accuracy of desktop assessments is the increasing amount of data readily available, which includes Google Street View imagery, aerial mapping, online video walkthroughs and photographs, Council data and online floorplans. Depending upon the instruction, the valuer can also rely upon property information supplied by the instructing party.
We are available to discuss your property matter and can advise if a desktop assessment is a viable option, or whether a formal property valuation is appropriate.