It is a known fact that potential purchasers visit a number of properties before they decide on a home.
Even with the current educated market the purchaser often feels unsure of possible defects and other elements in a transaction. CNValuers is offering the purchasers of Pretoria and Centurion an assisted viewing service from a qualified and experienced property valuer.
Purchasing a property is a big step in terms of lifestyle and financial commitments. It is therefore important to make the most informed decision with the assistance of a qualified valuer. Some of the concepts that will be the focus of this visit:
Structural Defects
- Damp marks can be covered up – qualified and experienced valuers are able to detect this and advise possible purchaser of its ongoing maintenance in the following years of owning the property. Some instances these damp will be an ongoing maintenance for the purchaser.
- Poorly designed roof structure – this can result in continued maintenance as the structure itself is not up to standard. The reference here is specifically where the property forms part of a sectional title complex or even a cluster development where the esthetical view of the development has such a roof structure. As an owner, you will not be allowed to deviate from the roof structure in such event to try and repair the problem – very frustrating! There are developments of all sorts from residential to commercial properties where the roof structures are a massive problem, even if it looks beautiful.
Location of the property
Clay in the foundation – if this foundation is under pressure, cracks will appear. This will result in constant repair/renovations for as long as you are the owner. If levies are applicable, you will see the difference in the monthly level in comparison with similar accommodation, where this is not a problem. It is notably hard to notice, if the property was recently repainted and repaired prior to viewing.
Growth in the area
Information will be shared in terms of property growth. It is advisable not to invest in a low growth area.
Questions for the estate agent
Assistance in asking the right questions during the visit. The right questions will be asked on your behalf to ensure the information is valid, with the correct proof and this should be presented by the estate agent. Even if there is unethical behaviour from any party involved, or if it is suspected, CN Valuers will assist you as the purchaser to demand certain information to be specified within the OTP (offer to purchase) to protect you from financial losses.
Audited financial statements
Possible red flags can be noted. Purchasing a sectional title property that is under financial stress, or which is just run by incompetent people will have a negative influence on your property value over time in the future.
Report back to purchaser
- All questions will be answered in the time frame booked out for CN Valuers, as well as any important applicable information for the purchaser.
- The potential purchaser will also have the option then to request a full motivated valuation to use as a negotiation tool. If there are for any reason, major faults or potential problems with financial implications – a structural engineer’s report will be requested. A clear and objective opinion to walk away from the transaction with a motivated valuation report. It is important to note that we do not provide desktop valuations for residential properties. CNValuers provides detailed motivated valuation reports with proper research and a professional valuation methodology to prove the market value. It is not recommended to place value on desktop or computer assistant valuations.