Understanding valuations · HERRITON JOURNAL
What goes into a valuation report?
The property, the evidence and the reasoning behind the assessment.
A property in context
A report describes the property being assessed and the purpose and date of the valuation. These details give the assessment its context.
Evidence and explanation
The valuer considers relevant property information and market evidence, explaining the approach and assumptions used. The exact report content depends on the agreed scope.
Read it as a whole
The conclusion sits alongside assumptions, limitations and supporting information. Ask the valuer to explain anything that is unclear before relying on the report.