Property valuer is a rather generic term, usually used in South America and other former British-ruled nations like South Africa and Australia. Similar duties in the United States also are undertaken by estate appraisers. Property valuers normally require at least a bachelor’s degree in a relevant discipline like real estate or law or some related discipline. Usually, an accredited property valuer in any of the United States may conduct financial estimates on behalf of a lending institution or commercial organization. The property valuer performs a crucial role in selecting and selling properties to investors and sometimes performs additional functions, as decided by their clients. Click Here – website
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Property valuers in the United States have special training, often involving formal education, in order to undertake this important task. In addition, they must have specialized knowledge in financial markets, real estate law and in determining the cost of a house or land to a buyer. This is done through a comprehensive study of all the various aspects of the property market in the United States. A number of factors like demographics, location, price and amenities are taken into consideration in order to come up with a suitable valuation of the proposed property.
Most US states permit real estate agents to represent the sellers in property valuing transactions, but it is the responsibility of the valuer to independently verify the market value of the property. The role of a real estate agent is limited to coordinating with and acting on behalf of the seller, who is usually the owner or borrower of the property. Real estate agents may not represent themselves, but may be requested by either the seller or the lender, to give legal advice to the parties involved in real estate transactions. Valuers in most states also act as a witness in negotiations between a buyer and a seller and are entitled to cross-examine any witness provided by either party. They also provide independent advice to buyers or sellers on many issues that relate to the purchase of property.