Archive for March 6th, 2008
Market Valuations continue…
Thursday, March 6th, 2008Valuation of vacant land
The principles followed in the valuation of improved propertiesare the samefor vacant erven.
All aspects of the erf, stand, lot, plot, and land must be considered. These should include:
Size, shape, slope, orientation and special features such as a viewsite, panhandle tranquility and security.
Negative features, too, must be taken into account. These may […]
Market Valuations
Thursday, March 6th, 2008A basic approach to the valuation of residential properties using comparative market value as the yardstick
Market value can be defined as the price a willing buyer is prepared to pay a willing seller to conclude a sale where neither party is under any compulsion to act. Furthermore, the property is to be used according to […]
Relationship of trust and good faith
Thursday, March 6th, 2008The law of agency imposes on an agent the obligation to observe the utmost good faith towards a principal. Five important examples of this are:
An estate agent must act in the client’s best interest: e.g. the estate agent must endeavour to sell the property at the highest price possible. If however an estate agent knows […]
