It is a common misconception that Real Estate Agents value property for home sellers. Agents simply guide them to suggested properties asking price – they cannot be relied upon to provide objective and accurate valuations. The asking price an Estate Agent recommends is often over-inflated because of their desire to appease the seller in order to win an instruction.
On the other hand Estate Agents may encourage a seller to accept a below-market offer in order to secure a quick sale (a high turnover is much more profitable for an agent than a small increase in the selling price). Since Overseas Buyers being thousands of miles way cannot be sure about the Estate Agent’s motivation and whether the price is above or below market value, it is recommended that an expert Valuator perform an independent valuation.
A few benefits to our clients are listed below:
1- All details about the property are given in the property valuation report through which Buyers / Sellers can understand its exact current condition.
2- A Property inspection is a visual diagnosis of the current condition of a property. Knowing the condition of a property's major systems and its structural components can be a powerful tool. As a Buyer / Seller, it can help you avoid costly surprises down the road and may also be used as a negotiating tool that will facilitate a reduction or increase in the price of a property.
3- The involvement of independent Valuators also allows looking at the property from another’s eye and obtaining unbiased opinion about the visual and physical condition of the property. The conventional Agents may never give an impartial opinion of the Property due to the fact that their interest, in the form of commission, is at stake during the transitional phase that becomes payable only if the transaction takes place.
4- One of the biggest advantages of our service is reducing the chances of Fraud with overseas Pakistanis. The verification of Ownership documents and Computerized National Identity Card can help with eliminating the chances of Fraud with overseas Pakistanis who usually have limited information about local property market.
5- Our opinion on the Market Value and current condition of the Property ensure that there is no ambiguity in respect of the amount on the basis of which Courts, legal heirs, Divorcees and their Solicitors base their decision. This will ensure that the parties settle their disputes amicably and in a reasonably quick manner.