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What role does valuation play at the time of buying a new property?

With the help of valuation a person can to know theskeletonagency information of all the properties that exist and are as per his budget. He can easily decide which type of property is to be purchased by him. Valuation contains entire note regarding the present value of the property, its growth levels, the present condition of the property, the other alternatives for that property and many more things.

Due to which there are no chances of a person to get cheated there. From start to end his entire process of buying and selling of property is completed easily and the required results are obtained by him in a short time.  

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What is the overall success rate of valuation?

With the help of valuation, a person can get complete results as per his requirement and need. An individual can conduct various types of market researches on his own if he needs to save the money of commission that is to be given to the real estate agent or if he could afford it he can go for hiring a smart real estate agent.

After this process, he will be well aware of the various market conditions that have been present. According to the results obtained by him, the person can go for buying or selling the property which is completely suiting his need and is perfect as per his budget decided. 

What are the various types of rules decided for the working of valuation?

There are no theskeletonagency specified rules that have been specially made for the valuation. But yes there is a common law according to which everything that that is a part of valuation is to be carried out according to the Australian Standards fixed. These rules are to be followed strictly at the time of conducting the entire procedure of Conveyancing and valuation.

These standards are fixed by the government and are to be followed compulsorily by the people.  With the help of these standards made a person can very easily obtain the very best and required results in a very short span of time with complete accurate results and efficiency.