The Art of Valuing Houses

‘The Art of Valuing Houses’ will give you confidence to assess residential property, and with all the knowledge of a Registered Valuer.

The book will assist both the purchaser and seller to make informed decisions, for Real Estate Agents and financiers to make sound advice, for Registered Valuers as a reference book, and for all those who may have an interest in property and property values.

The seller needs to be satisfied that the asking price placed on their property by a Real Estate Agent is realistic, and then when negotiating the sale price, whether the agreed upon figure is the fair market value.

Correct valuing of property for sale is the key to successful selling. Pitch the asking price too low, you may sell quickly, but in doing so may lose thousands of dollars. Pitch the price too high and it may take months to sell, the property goes ‘stale’ and results in an eventual lower sale price being achieved than otherwise.

The purchaser needs to be satisfied if the negotiated sale price reflects the property’s true market worth, if the residential properties in the suburb will at least hold their value over time, if there is hidden overdue maintenance, and if anticipated repairs will likely increase the market value above cost. These and other queries will be answered in the book.

The book details as to what creates and what has a bearing on property values. Property values are dynamic in nature and are influenced by a change in a host of factors within the property, the neighbourhood and the national and international economies. Learn how the economic cycle operates, to be in a better position to be able to predict when to buy and when to sell property.

King has based the contents of the book upon observed facts over four decades of being involved in valuing residential property within New Zealand and Australia, both in private practice and local and central Government Departments.

The book contains dozens of examples plus statistical data spanning 75 years to depict the Real Estate cycle compared to the CPI.