Property Valuations for Family Law and Mediation
At Valuations VIC, we specialise in the valuation of residential, commercial and industrial properties for family law, divorce settlements and mediation purposes. With decades of experience as industry leaders, we pride ourselves on our precise and detailed valuation reports.
Each of our reports is custom-made to suit your unique circumstances. Our team of Certified Practising Valuers (CPVs) is registered with the Australian Property Institute (API), and many also hold AVI and RICS qualifications. With over 20 years of industry experience, we deliver tailored, accurate valuation reports that adhere to the highest professional standards..
As such, our family law valuation reports can be used as definitive proof of value in court, settlement negotiations, and mediation processes. We meet every regulatory and legislative requirement to guarantee that our reports are accepted as definitive proof of value.
Our localised experts can assist anyone in Victoria in need of a family law valuation. With our help, the settlement and negotiation process can be concluded much more quickly.
When do you need a family law valuation?
A family law valuation can be useful in a few different scenarios, such as:
Divorce
If going through a separation or divorce process that involves a settlement of property, a valuation can help speed up the negotiations. Any dispute regarding the property’s value can be instantly resolved with an independent family law valuation. The settlement negotiations can instead focus on the finer details.
Mediation
The mediation process is a less formal and more flexible dispute resolution process. An assigned mediator helps parties reach a resolution by guiding negotiations and providing objective insight. If there is a dispute regarding the property, the report can serve as proof of value, and the mediator can use it as the foundation for reaching a resolution regarding the property.
Expert witness
A Certified Practising Valuer is qualified to serve as an expert witness in family law disputes involving a property. As registered professionals, they may serve as a third party who can present expert evidence regarding the true market value of the property in dispute. The Federal Circuit and Family Court (FCFCA) requires that evidence regarding market value is given by a single expert witness to minimise the cost of proceedings.
Who hires and pays for the valuer?
If an expert witness is needed for a division of property, a registered and practising valuer is appointed and instructed by both parties.
If a party decides to hire a valuer independently for litigation purposes, they will first need to obtain permission from the court.
For the most efficient results, it is recommended that parties agree on an independent valuer to hire for the purposes of settlement, court, or mediation. The costs of hiring a valuer will be incurred by the parties.
Why choose us?
At Valuations VIC, we only hire the best. Each of our family law valuation experts is vastly experienced in preparing reports for properties of all shapes and sizes.
Ultimately, a property valuation for family law purposes from our team at Valuations VIC can help each party save time, money, and effort.
For more information on our property valuations for family law and mediation purposes, don’t hesitate to reach out. We are happy to answer your valuation queries and provide any information you need. To contact us you can call on (03) 9021 2009 or fill out our enquiry form