What is a Registered Valuation?

With so many tools online giving property estimates, you might wonder: why pay for a valuation?

A registered valuation (RV) is a professional, independent assessment of a property’s market value by a qualified valuer. It includes an in-person inspection, market research, and a written report with the property’s estimated value.

It is commonly required by banks, especially for first home buyers or low-deposit loans.

Why Get a Registered Valuation?

• For sellers: It helps set a fair and realistic asking price.

• For buyers: It gives an accurate sense of what to offer, beyond online estimates.

• For both: It can be used in negotiations or when buying from friends or family to ensure fairness and transparency.

• For family trusts: It helps meet legal and tax obligations.

• For finance: Banks may require it as part of the mortgage approval process.

Limitations
An RV is based on market conditions at a specific time and may change. It is not a guarantee of future value. Costs usually start from around $850+GST and can vary depending on the property’s size, features, location, and how urgently it’s needed.

The Valuation Process

• Engage a qualified valuer

• The valuer inspects the property

• They research recent local sales

• You receive a detailed valuation report

Only registered valuers, regulated by the Valuers Act 1948 and members of NZIV or PINZ, can provide a registered valuation in New Zealand.

Thinking of buying or selling?
A registered valuation gives you confidence and clarity. If you need help navigating the process, our team is here to help you arrange an RV at your own cost.