Getting your property valued is a critical step—whether it’s for a bank loan, visa application, legal matter, or investment planning. But one wrong step can cost you time, money, or even rejection. Here are the top 5 mistakes people make during property valuation—and how to avoid them.
1️⃣ Not Hiring a Government Registered Valuer
Many people approach brokers, agents, or local dealers who are not officially authorized to issue valuation certificates. These informal reports are often:
- Rejected by banks or embassies
- Legally invalid in court cases
- Inaccurate and based on guesswork
✅ Solution: Always choose a Govt. Registered Valuer with IBBI, RERA, or Wealth Tax recognition—like Asset Valuers.
2️⃣ Providing Incomplete or Wrong Documents
Missing property papers or incorrect ownership details can delay or invalidate the valuation.
🛑 Common missing docs:
- Registered sale deed
- Tax receipts
- Approved building plan
- ID proof
✅ Solution: Prepare a complete document file before the valuer’s visit.
3️⃣ Ignoring Legal Issues on the Property
Valuation can’t be done properly if the property has unresolved issues like:
- Disputed ownership
- Pending litigations
- Unclear boundaries or encroachments
✅ Solution: Disclose legal matters upfront and consult your lawyer before applying for valuation.
4️⃣ Assuming Market Price = Valuation
People often confuse market hype or agent quotes with official property value. This leads to:
- Overestimation of asset value
- Report rejection in visa/loan processes
✅ Solution: Trust the valuer’s methodology—based on condition, age, area, documents, and government rates.
5️⃣ Not Being Present During Site Visit
Valuers often need clarification during their physical inspection. If the owner/representative isn’t available, the report may be incomplete.
✅ Solution: Be present to show documents, boundaries, and answer queries during the valuer’s visit.
✅ Final Tip
A correct property valuation is not just a number—it’s a legal, financial, and reputational asset. Don’t cut corners. Work with certified experts.
