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The land valuation process involves inspecting the property, ascertaining legal ownership and the interest held and gathering relevant information such as the prices that similar properties sell for.
Other factors come into the valuation, such as the saleability of the property or its value for mortgage purposes. Land valuers provide valuations of many different types of real property such as residential, commercial, industrial, rural and horticultural properties.
You may need to use the services of a licensed land valuer in a variety of circumstances, for example, to:
Land valuers set their own fees however a written disclosure of all fees for service must be disclosed to the client prior to entering into any agreement. Land valuers must not receive a fee above the disclosed amount unless there is a significant change in the scope of the work. More information is available from the land valuers fee page.
A license must be obtained to operate as a land valuer in Western Australia. Information on applying for a license and renewing a license is available from the land valuers licensing page.