A valuation reflects a specified valuation date. There is no single period that suits every purpose or recipient; check the intended recipient's requirements before using an earlier report.
Why can a report become unsuitable?
Market prices, supply and demand can change after the valuation date. The property may also change, so the earlier opinion may no longer describe current conditions.
When should an update be considered?
- A material change in the property market
- Construction, refurbishment or changes in occupancy
- A different valuation purpose or intended recipient
Distinguish the valuation date from the report date. For lender requirements, refer to our financing valuation service and confirm the lender's requirements directly.
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