Darwin Mortgage Security Property Valuation
Territory Valuers has a team of expert property Valuers who are able to provide accurate mortgage security property valuations Darwin to assist with securing your home loan.
Why do you need a property valuation for a mortgage?
In order to secure a mortgage, you will require a property valuation to determine the current market value. This is a security measure for the bank, to ensure that if you are no longer able to pay repayments on the loan, they will still be able to recoup their costs by selling the property.
As this is an internal security measure that banks use during the mortgage application process, relying on the bank to complete the mortgage security property valuation is an obvious conflict of interest.
Why choose us as your property Valuers for bank mortgage purposes?
As independent property Valuers, Territory Valuers can provide agenda-free, expert Bank Mortgage Valuations.
Our team of Valuers are experienced in providing valuations for any property type, including residential, commercial property valuations, industrial and other specialty properties.
Every one of our property valuers brings over 20 years of local industry experience. Additionally, they are all registered and thoroughly trained with the Australian Property Institute (API), with many also holding AVI or RICS qualifications. This robust expertise ensures that every valuation is conducted with the highest level of professionalism and local insight.
What is included in a property valuation report?
A property valuation report for purposes of securing a mortgage will include:
- Details noted during inspection including information on the building, land, condition of these, and any features and fixtures that may impact value
- Breakdown of additional factors such as zoning, improvements, location and proximity of the property to nearby amenities
- Report of the risk factors from environmental to market condition
- Thorough research of the current market
- Comparisons of recent sales of similar properties in the local area
Mortgage Security Property Valuation Darwin
This information is used to calculate and justify the value amount named by the report. Having a valuation completed that accurately values your property will give you evidence needed for your home loan application. By choosing a qualified and independent Valuer from Territory Valuers, you are guaranteed the highest level of service and accurate valuation advice.
If you require a property valuation for bank mortgage purposes, or have any further questions, reach out to our team today on (08) 7918 0858 or complete an online form.