Bruce is a business broker and business
valuer based on the Gold Coast.
urgently advising two lenders on possible claims against
valuers based on repeated overvaluations of properties in borrowers» buy - to - let portfolios, where claims risked becoming time - barred
Not exact matches
Victorian
Valuer - General Robert Marsh said that on a like - for - like
basis the latest increase in rural values was even greater with fewer properties assessed compared with two years ago.
On the
basis that the result of the legislative provisions would probably be that the
valuer would find that the shares in Northern Rock was either nil or a «derisory» sum, the claimants submitted that that was a case of expropriation without compensation, which could be justified under Art 1 of the First Protocol only in exceptional circumstances.
HMRC probate
valuers are standing firm on IHT demands
based on the valuation of property — even if the families can not sell to meet the bill».
Again, however, the scope of the
valuer's contractual duty was limited to the purpose of obtaining financing and there was no
basis for an express or implied term that the valuation was provided for the borrower to rely on when forming its development plans in the future.
In other words, will the
valuer - general's compensation be
based on the market value and / or the replacement cost of the expropriated property; or will the so - called «public interest» outweigh and disregard the value of the expropriated property, including the surrounding market factors prevalent at the time of expropriation?
For example, if the property that is appraised has poorer access than the comparable property then the comparable price will be adjusted downwards by a percentage,
based on the judgment of the
valuer as formulated by his knowledge of market pricing and variations in prices as a result of variations in access advantages.
Holding the
valuers cap rate constant at 8 %, we could consider the property as having a current value of $ 2,000,000
based on passing rent, or $ 2,500,000
based on ERV.