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FAQ

  • WHY NOT OBTAIN A FREE VALUATION?

    We strongly believe that our skills in our research methodologies will present the knowledge needed for you to make an informed decision about the subject property. Property Estate Agents who sells your house will do valuations for free but will charge you a commission on the selling price and their valuation report is not a legal document that can stand in court. Our reports are a legal and can stand in any court of law in South Africa. We are unbiased and have no interest, ensuring that you will receive an Independent Property Valuation.

  • WHAT IS OUR VALUATION PROCESS?
    • Once our valued client accepts our “no obligation” free quote, arrangements are made to conduct an on-site inspection within 24hours from date of instruction, or what is convenient for the client.
    • Preparations and research are done before the on-site inspection is conducted with regards to servitudes, property endorsements and other legal registered facets that might impact the property.
    • After the on-site inspection, all the photos gathered on the day will be uploaded and match to all existing building plans. From here the report will be constructed, research practices implemented, economic analysis applied and the conclusion of the Property Valuation report.
    • Once the report is done it will be sent to our proofing department to validate best property valuations methods used and all other legalities and contents.
    • When the Property Valuation report is cleared, the account must then be settled and the signed Property Valuation report will be sent to the respective client’s nominees and representatives.
  • WHAT ARE OUR FEES?

    Our fee structure varies in every instance due to the fact that not one property is similar to the other nor the application based on the Property Valuation report. Fees are based on the time and resources applied to seek the most accurate value. Contact Us

  • HOW LONG IS THE PROPERTY VALUATION REPORT VALID FOR?

    The validity of our reports are dependent on the market activities, Government decisions and other material impact factors driven in the property market. Our reports are valid for two (2) months, unless otherwise stated. Once the validity date has expired, an updated Property Valuation can be requested.

  • MUNICIPAL OBJECTION
    • Municipal valuations are valid for a period of 4 years whereby the council appoints an accredited supplier to do all the properties located within that specific municipal region. That process is known as the General Valuation (GV Window) and the new values determined are offered / presented to the public / consumer to object.
    • Once a property’s value is objected, the council adds the property in the supplementary valuation (SVR) to be re-evaluated. Should the consumer miss the prescribed deadline date they can still object in term of section 78 of the Municipal Properties Rates Act. Submitting a legal property valuation report conducted by a professional and registered Valuer will increase the consumer’s right to getting a lower value which will result in a four (4) year cost saving in rate and taxes.
  • FINANCIAL YEAR-END / BLANCE SHEET

    Commercial acquisition can be very risky and therefore having experts applying the correct property valuation methodology and research, will allow the investor or buyer to make an informed decision. Commercial properties are not the same or comparable to each other and therefore relies on an effective cap rate percentage applicable to the said area. Getting this cap rate percentage wrong will result in financial loss, which is an absolutely “No-Go” in our dictionary.

  • RESIDENTIAL PROPERTY EVALUATION

    Residential property valuations have many applied applications and needs. The most applied need ranges from normal market value to sell or resell a said property, applying for finance, transferring ownership and any type of litigation or disputes. The best method applied is the comparable sales method and taking other contributing factors into consideration.

  • ESTATE LATE / DECEASED / REV246
    • When a property is registered in a deceased owner’s name, an estate must be concluded to determine the value and the next ownership of the subject property. The valuation must be based on the deceased date and is not allowed or accepted by SARS or the Master of the High Court.
    • The completion of a REV246 document must be conducted and signed by a registered valuer or an appraiser. Accountants or attorneys are no longer allowed to sign a REV246 document and is not accepted by the relevant authorities.
  • DIVORCE / MEDIATION PROPERTY VALUATION
    • Property valuations for divorce settlements is a valuation service we provide in South Africa.  Divorce or separation is understandably quite stressful.  The division of property assets is just one of the many aspects to consider. Ideally, everything goes well and both parties can agree amicably on a financial settlement of marriage.  In this case, there’s no need for arbitration. In some cases, the property will be sold and sometimes one party will buy out the others share.  Sometimes one party does not want to sell. Sometimes the value of the property or properties are not clear.   In some cases, the valuation of the family home is tied to emotion, memories and future requirements such as where the family members will live after divorce. Independent advice can help to alleviate some of the uncertainty around divorce settlement and family law.
    • No matter what the situation, independent property valuers can help to settle or avoid any divorce disputes or family dispute resolution disagreements overvalue.  Independent Property Valuations provide an unemotional, fact-based valuation report to assist with asset division in the case of separation or the end of a marriage.  
    • Whether via court order (or not) an independent property valuation provides peace of mind.  Where the family court has ordered a valuation, family law and divorce solicitors will jointly collate a panel of experts for the couple to choose from.  The chosen valuer is then considered a ‘single expert witness’ and will provide independent advice to assist with the division of property.  In most cases, the two parties will share the costs of the valuation. If property settlement during divorce is amicable, a valuation – whilst not required for court purposes – can still assist with settlement. Our reports are custom and will suit every client need. Know the Value of Your Share!!!
  • INSURANCE / REPLACEMENT PROPERTY VALUATION
    • An insurance valuation is carried out to determine the correct amount of insurance cover required for structures including residential dwellings, industrial/commercial buildings, and retail premises.  The assessment takes into consideration the size (m²) and nature of the improvements and current demolition and constructions costs.
    • With the current weather and environmental threats found in South Africa it is very important to have a current insured value. Damages can easily cripple the operation and existence of a residential dwelling, commercial building and industrial warehouse. Amendments and additions to any building improvement must be updated to ensure that under insured value is eliminated.
    • In terms of Sectional Title Schemes Management Act (STSMA), Section 23 Insurance, a body corporate must obtain a Replacement Property Valuation of all buildings and improvements at least every 3 years. Our reports are comprehensive and will include all building improvements including communal areas, driveways and boundary walls. It’s an All-Inclusive Property Valuation Report.
  • PROPERTY TRANSFER PROPERTY VALUATION
    • Transfer Property Valuation are required whereby a property is transferred from the current owner to a spouse member, family member, an organization or to a legal trust. Because many value discrepancies were raised by SARS, the relevant authorities now require two Independent Property Valuations. Because H-UNITE Financial & Property Valuation Service belongs to a group of companies, we will also be able to assist with the second independent property valuation report.
    • The property value determined is the basis on which transfer duties are paid. We will ensure that an effective and accurate value is determined to save you in taxes.
  • MARKET RENTAL /M² PROPERTY VALUATION
    • Market Rental /m² Property Valuation is normally based and applicable to commercial and industrial zoned properties. When a lease agreement maturity date is reached, a new lease must be signed. A powerful negotiations tool is an accredited property valuation report, indicating the market segments and facets which will all play an important role in determining the rand /m². The report can be used to negotiate a lower rate payable monthly to the Landlords.
    • Important factors to consider is Gross Leasable Area (GLA) and Net Leasable Area (NLA) and must be confirmed in the conditions of the lease agreement. Our expert Property Valuation Reports will enable your firm, whether from a landlord’s point of view or from the tenant’s point of view, an accurate and market related report.
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