Property appraisal or formal valuation?

An agent appraisal considers relevant market evidence, the property and likely buyer context to discuss a possible sale strategy and price position. It is generally prepared for a potential property campaign and is not a formal valuation.

A formal valuation is prepared by an appropriately qualified valuer for a defined purpose and date. Lending, legal, taxation, family law and other circumstances may require this different professional service.

If you are considering a sale, an agent appraisal can help frame presentation, timing and campaign options. If another party or process requires a valuation, confirm the required qualification, scope and documentation before engaging the professional.