Family Law Property Valuations

Our valuation reports adhere to the International Valuations Standards and are valid for 90 days from the date of completion, this ensures that the assessed value remains current and relevant in a dynamic market environment.

The valuer conducts analysis using appropriate methodologies, taking into account factors such as comparisons with recent sales evidence and yield analysis.  Following this, a detailed valuation report will be provided, including comprehensive information accompanied by photos and descriptions of the property.

The valuation holds legal weight and provides the most accurate indication of what a given property would sell for without the need to go through the sale process.

Upon receipt of instructions, we will promptly schedule a property inspection. Our aim is to facilitate the process for both parties involved. We can coordinate with the property occupants or liaise with the property manager if it’s tenanted as per your guidance.

While the presence of both parties at the inspection is not mandatory, you have the option to join. Should you choose to do so, include this preference in your instructions.

During the inspection, our valuer will require access to all areas of the property, including sheds, studios and detached rooms. Please ensure that any pets are secured. Photos of various aspects of the property will be taken, covering the front and back of the dwelling, bathrooms, kitchen, main living areas and any other improvement features. The photos captured will be integrated into the valuation report.

Please provide an electronic copy of the floor plans where possible. Where plans are available the valuer will complete their ‘check’ measurements. Otherwise the valuer will compete the required measurements on the dwelling and structures of the property.

When it comes to property settlement matters requiring property valuations, our approach is fairness and transparency.

If lawyers represent one or both parties, instructions will flow through them as per relevant legislation. In instances without legal representation, we request written consent from both parties for joint instruction, this ensures the appointment of a single expert witness, maintaining the integrity of the valuation process.

Whether working with, or independently of family law legal representatives, WBP Group can be appointed with confidence as an expert witness in your matter. Our valuations are accepted by the courts and completed according to International Valuation Standards (IVS) adhering to the Australian Property Institute (API) standards.

Importantly, we maintain independence from all parties involved, disclosing any potential conflict of interest upfront. Our goal is to provide a professional, impartial service to aid in property settlement without bias towards any party’s outcome.

In these sensitive matters, it’s crucial to engage an experienced professional to facilitate a streamlined settlement process. Our team understands their role as expert witnesses, adhering to court rules and regulations.

A family law valuation is performed during divorce or the dissolution of a de facto arrangement with the aim to determine how to fairly divide property between the parties involved.

Using methods such as real estate appraisals or the purchase price of the property can result in vastly different values, potentially leading to further disputes and making it difficult to reach a compromise.

Engaging a Certified Practising Valuer experienced in family law valuations, you will receive an independent and unbiased property valuation with current market factors, ensuring a fair assessment of the property’s value.