The value provided in this report is our opinion of the market value on a willing buyer /
willing seller basis. That is, the market value is the estimated amount for which a property
should exchange on the date of valuation between a willing buyer and a willing seller in an
arm’s length transaction after proper marketing wherein the parties each acted
knowledgeably, prudently, and without compulsion.
That value may change in the future due to market conditions and changes to the state of the
property the subject of this report. Any decision to lend should take these factors into account
and allow a reasonable and prudent margin between the amount advanced and the market
value given in this valuation. Additionally the margin should also recognise the consequences
and costs of a forced sale.
This valuation is current as at the date of valuation only. The value assessed herein may
change significantly and unexpectedly over a relatively short period (including as a result of
general market movements or factors specific to the particular property). We do not accept
liability for losses arising from such subsequent changes in value.
Without limiting the generality of the previous comment, we do not assume any
responsibility or accept any liability where this valuation is relied upon after the expiration of
three months from the date of valuation, or such earlier date if you become aware of any
factors that have any effect on the valuation.
The Valuer has experience in the location and category of the property being valued. The
Valuer has made a personal inspection of the property. No one, except those specified in the
Report, has provided professional assistance in preparing the report. The Valuer has no
interest in the subject property, and the Valuer’s fee in not contingent upon any aspect of the
Report.
We certify that Katewilrod Ltd trading as Valuers Inc holds current professional indemnity
insurance for an adequate sum for the subject property valuation and the registered valuer
author is covered.
This valuation complies with International Valuation Standards 2017, the Property Institute
of New Zealand (PINZ) and New Zealand Institute of Valuers (NZIV) Code of Ethics and
Rules of Conduct, and the relevant Practice Standards and Guidance Notes of Property
Institute of New Zealand and Australia Property Institute.
The Registered Valuer who has signed this Report, has satisfied professional education
requirements.
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115a Normandale Road Normandale Lower Hutt