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Melbourne Deceased Estate Valuations

For a deceased estate valuation in Melbourne, Vals VIC can help. Our team understands that this can be a sensitive time for our clients, and we aim to make the valuation process as easy as possible. Our valuers will help make sure that the deceased estate is handled fairly.

Deceased estate valuations are particularly important when a personal representative for the estate, wishes to transfer ownership to either themselves, a beneficiary or a third party. This transfer must be reported, and it will incur a tax on the new owner. A deceased estate valuation will ensure that you pay the correct amount of tax. Failure to report the deceased estate may leave the personal representative and the new owner liable for penalty tax.

A land tax valuation, also known as stamp duty valuation, is the name of the tax that must be paid upon the property’s transfer. It is required that all property valuations for tax purposes are conducted by an independent certified valuer. The valuers at Vals VIC meet this requirement and more as valuers are highly qualified and experienced.

When deceased estate valuers conduct their house valuation for probate, they will investigate the property thoroughly. They examine an extensive number of factors that affect a property’s value, these include:

• The size of the property and its land
• The location of the property
• The property’s distance to local amenities, e.g., parks, shops, and transport
• The age and general condition of the property including whether it has had any recent additions or renovations
• Any relevant information of the property including historical significance

market. A property valuation for deceased estate purposes can be either current or retrospective. The report may need to be current to the date of completion of admiration or property transfer. A retrospective valuation is required when a valuation is to be accurate to the date of death. If all of this seems confusing, don’t worry, our valuers will ensure that you have the right valuation for your exact circumstance.

Deceased Estate Valuations Melbourne

At Vals VIC, our valuers are hardworking and compassionate. Our strong work ethic has led to us becoming one of the most highly regarded valuation firms in Melbourne. As handling a deceased estate can be difficult and at times emotional, our patient and understanding valuers will do everything they can to help. We provide exceptional customer service and expertise to make this situation just a bit easier.

Our team is highly experienced. Every one of our valuers is a Certified Practising Valuer (CPV) with over 20 years of expertise, fully accredited by the Australian Property Institute (API) and registered with the Royal Institution of Chartered Surveyors (RICS), with many also holding AVI qualifications. This robust accreditation ensures that we provide each client with reliable valuations that strictly comply with all industry standards and regulations.

If you would like to know more about our deceased estate valuations, feel free to contact our staff. Our team are always ready to assist in any way. You can contact us via our online enquiry form, or you can call us on (03) 9020 1494.