A professional valuer is trained to determine the value of fixed property. By interpreting the current property market and conducting feasibility studies a valuer can provide impartial and accurate reports on the current value of a property. A property valuer studies the many factors which influence property markets and have detailed methods of calculating the most accurate results. The most common uses for property valuations are determining values for insurance purposes or when a financial institution in assessing the viability of a bond application, however there are many other instances when the skill

of a professional property valuer are needed. Accurate property valuations are needed for financial reports for some businesses, company mergers or takeovers, rent reviews, legal matters such as arbitration or litigation and of course determining municipal values and rates. Valuers are qualified to value all classes of property from commercial and agricultural to residential or sectional title units, however most valuers will specialize in a particular type of property. It is therefore important when employing the services of a property valuer to select one that specializes in the relevant property type.