COMMENT – VALUATION REPORT
REQUIRING SPECIALISTS REPORTS
Valuer's report may provide restricted or limited comment on a range
of matters primarily to draw attention to aspects that may require
action by others before confirmation of the report by the valuer.
These tend to be in specialist areas where the Valuer often will have
some knowledge but in which the Valuer is either not an expert or is
not permitted under some act or regulation, to express a definitive
opinion. The comments could note some observed condition or
indication of a possible problem area and could lead to
recommendations for reports from such experts as:
• geo technical
bodies and authorities.
INITIAL COMMENTS INDICATIVE ONLY
Valuer's comments should be taken as indicative only and not
definitive on the particular matter. For example, the Valuer's
inspection may note that the building appears to be too close to what
appears to be the boundary. The Valuer's report may then note this
and recommend that a surveyor's report be obtained. In this way the
Valuer serves to highlight need for a particular action. Any
valuation or risk assessment provided will normally be subject to
such reports being satisfactory.
BACK TO VALUER
the specialist's report has been obtained, it should be referred back
to the Valuer for comment as to how it impacts on the valuation, the
risk analysis or the marketability of the property.
circumstances arise which the valuer considers warrant departure from
the provisions of this Supporting Memorandum, the reason for the
departure should be clearly stated in additional
lender should be adequately advised of the possible impact of such
action on the assessments and the report contents.