Valuers concerns or should I be concerned for the valuers ?

[Rolf Latham]

Valuers can now use unsettled sales in their sales evidence, but must include 3 settled sales as well.

Amen

ta
rolf

 

[Colin Rice]

Valuers can now use unsettled sales in their sales evidence, but must include 3 settled sales as well.

This is as a result of the Resi Val firms saying that the new Standards requiring only settled sales was BS and leaves you behind in a moving market.

Is it correct to assume that WA is included in this new standard?

 

[D.T.]

Where would you 'reliably' find unsettled sales data?

 

[Rolf Latham]

Where would you 'reliably' find unsettled sales data?

An exchanged contract, with a decent deposit would be a good start

RP certainly has such agency entered data


ta
rolf

 

[RetireRich101]

Vaulers can now use unsetteld sales...

Valuers can now use unsettled sales in their sales evidence, but must include 3 settled sales as well.

.

This is good to know and is evident in some of my Valex reports as well.

Is it boil down to individual valuer discretion to use unsettled sales and is not mandatory to do so?

The concern is when a valuation report has been handed down, buyer have < 1% winning a dispute even though we provide unsettled sales..