Assumptions
In property valuation, assumptions are conditions presumed true by valuers when determining an asset’s value.
They form the basis for the valuation, ensuring transparency, regulatory compliance, and risk identification. Assumptions are typically required by standards like RICS Red Book, NRVT, TeGoVa (European Valuation Standards), and International Valuation Standards.
By explicitly stating assumptions, valuers substantiate their conclusions and outline the risks that may impact the valuation if assumptions are unmet.
When clicking Assumptions, you can amend the following chapters and categories - for each category, you can select a default text or enter a new text to be used in the valuation report.
• Instructions
◦ Client
◦ Valuer
◦ Scope of work
◦ Available information
◦ Inspector
• Description
◦ Location
◦ Asset
◦ Legal situation
◦ SWOT analysis
• Valuation
◦ Methodology
◦ Market conditions
◦ Valuation results
◦ Backtesting
• Confidentiality and publication
◦ Legal notice