Comments on: The Real Estate Appraisal ~ about to be….. http://unconditional.co.nz/sunny-nelson/2009/11/20/the-real-estate-appraisal-about-to-be/ NZ's Sunshine Capital where the lifestyle shines too Tue, 09 Mar 2010 07:23:11 +1300 http://wordpress.org/?v=2.8.4 hourly 1 By: David Garratt http://unconditional.co.nz/sunny-nelson/2009/11/20/the-real-estate-appraisal-about-to-be/comment-page-1/#comment-504 David Garratt Mon, 23 Nov 2009 00:54:20 +0000 http://www.unconditional.co.nz/sunny-nelson/?p=1413#comment-504 We had a professional opinion from a solicitor well versed in property law that disagreed with the REINZ view of the new Act in terms of appraisals. He said that in his interpretation of the Act, an appraisal wasn't mandatory BUT if you did an apprasial it had to be in writing. Interesting huh. As for little ole me, I'm certainly not going to stick my head out and so I will be completing appraisals for all new listings from now on (something I have always done anyway, so no change there). Just thought it was a interesting thought that there are informed people who don't believe that the REINZ has the true take on the Law. We had a professional opinion from a solicitor well versed in property law that disagreed with the REINZ view of the new Act in terms of appraisals.
He said that in his interpretation of the Act, an appraisal wasn’t mandatory BUT if you did an apprasial it had to be in writing. Interesting huh.
As for little ole me, I’m certainly not going to stick my head out and so I will be completing appraisals for all new listings from now on (something I have always done anyway, so no change there). Just thought it was a interesting thought that there are informed people who don’t believe that the REINZ has the true take on the Law.

]]> By: Ross Brader AREINZ http://unconditional.co.nz/sunny-nelson/2009/11/20/the-real-estate-appraisal-about-to-be/comment-page-1/#comment-503 Ross Brader AREINZ Fri, 20 Nov 2009 19:06:29 +0000 http://www.unconditional.co.nz/sunny-nelson/?p=1413#comment-503 There still appear to be some who think they can get away with not doing an appraisal! Others believe that an appraisal is not required for an auction or tender campaign. Personally I have no problem with the new appraisal requirement and will be making sure that all home owners in my area are fully aware of it. These new rules will mean that experienced long term industry operators will have a distinct advantage over those who are relatively new to the industry. There still appear to be some who think they can get away with not doing an appraisal! Others believe that an appraisal is not required for an auction or tender campaign.

Personally I have no problem with the new appraisal requirement and will be making sure that all home owners in my area are fully aware of it.

These new rules will mean that experienced long term industry operators will have a distinct advantage over those who are relatively new to the industry.

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