A property valuation is an estimated market value of a property, determined using a sophisticated statistical calculation.
An accurate and detailed property valuation is sometimes called a CAV (Computer Assisted Valuation). Property valuation methods vary but the common denominator remains current, reliable and relevant comparable sales in the street, sectional scheme, block or neighbourhood on which to base your property valuation.
Whilst the final property valuation is determined by your analysis of the report and your area specific expertise, a Computer Assisted Valuation (CAV) gives you the required information to make your assessment. The report is based on the property address (or erf number and suburb) and gives you: