MJM Valuers

If you are buying, selling or renovating a residential property, a valuation prepared by MJM Valuer's can help you make informed decisions that could save you precious money as well as time. Having a residential property valued by a professional who not only understands your needs but also cares about, and is committed to helping you to satisfy those needs, means you are acquiring valuable knowledge which puts you in a position of strength whether you are buying or selling a property.

The vast majority of property transactions in Victoria take place with the assistance of real estate agents, these property professionals are highly trained in the art of negotiation and are particularly good at reading body language, they are able to calculate your true bottom line when selling, or your true maximum budget when buying, from past behaviour and the language used. The fact is real estate agents overriding goal is to secure the highest possible price for the property being sold, the more money they achieve for the owner of the more commission they earn, however if the property does not sell they don’t earn a commission on all. Real estate agents are aware and constantly managing these two dynamics, and for the most part they do it very well indeed.

From a buyer and seller’s perspective, when dealing with the real estate agent you are at a disadvantage, often you will not have been active in the property market, other than a passing interest, for some time leaving your knowledge somewhat outdated. Real estate agents live and breathe property it’s how they feed their family, they are fully aware of current market conditions, a valuation provided by MJM valuer's will bring you up to speed with current market pricing and conditions, enabling you to choose the correct agent to sell your property or assist you to place a ceiling on the price you will pay for a property, thereby giving you strength and authority in the negotiation stage of a property transaction, real estate agents appreciate well informed vendors and purchasers as it makes an estate agents job easier. The cost of the valuation, although not significant, may lead to savings of thousands of dollars therefore paying for itself 10 times over.

Renovations

Often owners will undertake renovations and additions using their own savings, anticipating they will be sufficient to cover the total cost, however when the project begins inevitably issues and problems with the existing structure means unforeseen additional costs are often incurred, and this leaves owners attempting to raise funds from lenders with incomplete dwellings as security. When this happens, and the valuer appointed by the bank arrives, they have no alternative but to report the current state of the dwelling and the cost to complete the works, which often results in a less than satisfactory valuation and lower funding available to complete the project.

MJM valuer's are able to provide you with the information you need to avoid this common pitfall, MJM valuer's can provide you with a before and after valuation of the property you intend to renovate, this will help you to avoid overcapitalising the site as well as help you to set a realistic budget for the works you wish to undertake.