When it comes to buying or a property, there is no doubt that Valuations is considered the most important part of the entire process. While there is no doubt that identifying the right property, getting hold of the right bank for mortgage, taking the services of real estate agents are all equally important, Valuations is perhaps the most critical of all. It is a process by which the ownership of the property gets transferred from the seller to the buyer. Apart from ownership the title of the property also stands transferred to the name of the buyer. Since there are many legal issues involved in it, it is very important to take the help of professional valuer to complete the process smoothly and within a stipulated period of time.
The main object of selling any property is to ensure that ownership is passed on to the buyer. Unless, this main objective is fulfilled, such transactions will not be called as a buying and selling transaction. They would rather be called as gifting of a property. But here also the gifting will be complete only when the property is transferred to the new person or entity. Hence the role of a good Sydney Valuations professional is very important without whom things would not move in the right direction.
There is also a time period that should be gone through for completing the process. This would depend on various factors such as the social, personal and legal status of the property and the other stakeholder. In the normal circumstances when things are quite fine, it is quite likely that the process might take anything between 10 to 12 weeks once the process has been started. The process will be considered as started when the buyer and the seller enter into a formal agreement to buy and sell the property in question. There are quite a few steps that need to be gone through as far as property Business Valuations is concerned.
The solicitor will have to do some pre- Valuations tasks such as conducting of searches and ensuring the legal purity and correctness of the property. While the property documents may look perfect, solicitors more often than not make a persona visit to the property to ensure that it is free from easements and other sorts of problems. He will also look at the transfer of owner ships of the property over the past few decades to ensure that there is continuity in each such ownership transfer.