What you need to know:

• You will need a Registered Valuation if you are buying privately (not using a real estate agent) or if you are borrowing over 80%
• The cost of a Registered Valuation will generally depend on the value of your property. More expensive properties are generally harder to value and therefore more expensive.
• A Registered Valuation is not simply about the value of a property. Lenders use the report to identify other risks and issues. The main problem that can crop up is non-complaint building works. Banks may not lend on properties with Code of Compliance issues.
• Schedule for a Valuation after you’ve done a building inspection. Most buyers do not progress with a property based on the building inspection, so save yourself some money if the building inspection throws up something bad.