Related Party Transfer Valuation

Melbourne Property Valuers Metro is a full-service valuation company catering for all related party transfers in Melbourne. Our experts can aid with the transfers of residential, commercial, and industrial properties. When transferring property between related parties, it’s important to accurately determine the current market value. This can be done by ordering a comprehensive valuation report.

A related party transfer valuation is reserved for persons who are transferring the title or purchasing/selling property between family members or friends in a private sale.

To prepare the valuation report, our local senior valuers conduct a thorough market analysis of the property and the surrounding areas. The information within the report includes:

• A property summary
• Zoning/council restrictions
• Land and town planning details
• Local comparable sales
• Building condition, focusing on fixtures and fittings
• A market commentary

The most common reason for seeking a related party transfer valuation is when a parent is transferring their property to a child. In this situation, knowing the current fair market value of the property allows for a fair price to be set for private sale. If this is a gift, the valuation report can be used in determining the amount of Stamp Duty (or land transfer duty) owed.

Evidence of this transfer, including the valuation report must be completed and submitted within 6 months of the date of transfer or the date of the contract.

Valuations for Land Transfer Duty

For related party transfers. property valuers must be members of either the API (Australian Property Institute) or REIV (Real Estate Institute Victoria).

At Melbourne Property Valuers Metro, each of our valuers is API-accredited as a Certified Practising Valuer.

They are highly experienced in valuing a great assortment of properties while consistently meeting the standards of both the API and the Royal Institution of Chartered Surveyors. Our services are sought-after as:

• Our valuers are highly-regarded and have over 20 years of experience each
• We have been recommended by Melbourne’s top real estate agents, conveyancers and lawyers
• We are experienced with time constraints and offer efficient services
• Our vast experience contributes to our accurate property valuation reports
• We provide free instant quotes. You’ll discover we offer competitive fees
• We are committed to performing every one of our valuations with honesty and integrity

In addition to providing comprehensive reports with the help of our industry professionals, we have an office team that is always available to answer any queries or concerns involving your valuation.

For a free quote, contact us today at (03) 9021 2007 or fill out the enquiry form below. We are happy to discuss any property valuation report concern or enquiry you might have.