What is valuation?
This is the art and the science of estimating the value of a particular interest in property for a specific purpose at a particular moment in time taking into account all features of the property and also considering all the other market factors.
Who carries out valuation?
This process is conducted by a Registered and Practicing Valuer who has the necessary knowledge and experience in carrying out the exercise. This renders their services competent and professional.
What does it mean by being a registered and practicing Valuer?
A registered and practicing Valuer is an individual who is registered under The Institution Surveyors of Kenya professional body, and licensed through the Valuers Registration Board, allowing them to conduct and practice valuation.
Services offered by Valuers?
Statutory valuation – conducted on terms laid down by law (legislations)
We advise and offer our services for the following purposes:
- Stamp Duty Valuation
- Rating Valuation
- Rent Tribunal Assessments
- Succession Purposes, i.e. Business Valuation
Non statutory valuation – These services spring from natural events such as buying, selling, leasing and insuring properties.
We advise and offer our services for the following purposes:
- Secured Facility – Via Mortgage Valuation
- Insurance Purposes, i.e. Fire and Mortgage Protection
- Reserve Price – Auction Valuation
- Property Development Appraisals –Highest and Best Use Value
- Property Letting – i.e. Rental Assessment Valuation
Valuation enhances the prosperity of the real estate sector by providing accurate market insights and fair value assessments enhancing transparency, facilitating informed investment decisions, and ensuring equitable transactions that ultimately drive market efficiency and growth.
