Valuation Request
MAKING A VALUATION REQUEST
A 4-STEP PROCESS
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Thank you for considering our firm to prepare a valuation report on your property. The following will acquaint you with the steps that will be necessary when requesting a valuation.
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Submit a Valuation Request
Your Valuation Request may be submitted using one of the following methods:
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Via our website: Please complete our Online Valuation Request Form, submit the required supporting documents, and pay the deposit via the ‘Services’ tab above. Our Administrative Staff will contact you if any additional information is needed.
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Visiting our Branch: Our Administrative Staff will collect all necessary information, documents, and payments at the branch most convenient to you. You may also complete the Fillable Valuation Request Form in advance and bring it with you when visiting our branch.
Note: Gathering the required information may take a few minutes. We appreciate your patience, as this ensures all details are accurately recorded.
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Documents to be provided: (Please note that additional documents may be required based on the purpose of valuation)
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A copy of a valid form of Identification (ID, DP or Passport)
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A copy of Deed / Title document or any Lease(s)
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A copy of Survey Plan / Cadastral Sheet (mandatory for Vacant Parcels of Land)
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If available, any Town & Country Planning Approvals
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A copy of the Agreement of Sale, if available
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For a Proposed Building / Extension or Proposed Works:
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Copy of approved Building Plans, where applicable
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Quantity Surveyor’s Report (Please confirm if one is required by the Lending Institution) and / or Builder’s Estimate
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Deposit & Fee Structure
PROPERTY TYPE | FEE STRUCTURE | DEPOSIT AMOUNT | MINIMUM FEE |
|---|---|---|---|
Residential | $2,200 for the first $500,000 of the opinion of market value and ¼ of 1% of the excess over $500,000 plus VAT | $2,475.00 | $2,200 plus VAT |
Agricultural & Residential*
(Specific Remote Areas) | $3,000 for the first $500,000 of the opinion of market value and ¼ of 1% of the excess over $500,000 plus VAT | $3,375.00 | $3,000 plus VAT |
Agricultural Land
(Subject to review) | $2,500 for the first $500,000 of the opinion of market value and ¼ of 1% of the excess over $500,000 plus VAT | $2,812.50 | $2,500 plus VAT |
Mixed-Use | $4,000 for the first $800,000 of the opinion of market value and ¼ of 1% of the excess over $800,000 plus VAT | $4,500.00 | $4,000 plus VAT |
Commercial
(Land only) | $4,000 for the first $500,000 of the opinion of market value and ¼ of 1% of the excess over $500,000 plus VAT | $4,500.00 | $4,000 plus VAT |
Commercial
(Building & Land) | $4,000 for the first $500,000 of the opinion of market value and ¼ of 1% of the excess over $500,000 plus VAT | $5,625.00 | $5,000 plus VAT |
Note: The deposit amount will be deducted from the total cost and is applicable for properties below a value of $5M. Fees for opinion of market values estimated to be $5M and over are to be determined by our Director.
Payments can be made via cash, credit card, debit card, cheque, online banking or direct deposit.
*Remote areas include the immediate villages/environs of the stated areas stated below:
Region | Locations |
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Tobago | Charlotteville, Speyside, Delaford, Kings Bay, Bloody Bay, L'anse Fourmi, Hermitage, Campbleton |
Northwestern & Offshore Areas | Blanchisseuse, Brasso Seco, Down D Islands (Gasparee, Monos) |
Southern & Southwestern Trinidad | Icacos, Cedros, Moruga (Basse Terre, Bois Jean Jean, Gran Chemin, La Lune, Marac) |
Eastern Trinidad | Balandra, Rampanalgas, Cumana |
Northeastern Trinidad | Matelot, Toco, Grande Riviere, Sans Souci, L'Anse Noir |
2. Site Inspection
Once we have received your request, deposit, and all required documents, our Valuation Officer will contact you or your appointed access person within approximately five (5) working days to schedule an inspection of the property.
Please note that all rooms must be inspected. If any room or apartment interior is not accessible, this will be clearly stated in the report. Additionally, we kindly ask that all dogs, regardless of size, be secured before our Valuation Officer arrives.
Upon arrival, our Valuation Officer will first measure the exterior of the property before proceeding to the interior. External and internal photographs will also be taken as part of the valuation process.
3. Report Preparation
Once all required information has been provided and barring any unforeseen circumstances, your Valuation Report should be ready approximately five (5) working days after the inspection. The timeframe may vary depending on the type and location of the property, as a thorough analysis is necessary to determine an accurate opinion of value.
In the valuation process, three (3) primary methodologies (or approaches) are used to determine value: the Market Approach (also known as the Direct Market Comparison Approach), the Income Approach, and the Cost Approach. All approaches will be considered in valuing your property, with one or more applied as appropriate.
4. Collection
Once your Valuation Report is completed, we will notify you of any outstanding balance. Upon full settlement, a digital copy will be emailed to you. If you require a physical copy, please let us know, and we will make the necessary arrangements after payment is received in full.
Note: Values will not be disclosed nor reports delivered until settlement of our fees.