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Farrell’s Valuation Tips

If you require a Valuation, it is important you have complete confidence in the figure you receive. Farrell Auctioneers, Valuers & Estate Agents work to the standards of European Group of Valuers’ Associations (TEGoVA), The Blue Book, providing you with a reliable value.

We offer our clients a comprehensive range of professional valuation services. To book an appointment please provide some details and we will be in touch shortly with a date and time that suits.

Mortgage Valuation

When you buy a house and need a mortgage, a banking institution (lender) will commission a mortgage valuation. The valuation advises the lender of the value of a property and of any characteristics of the property including significant defects which might affect its value, as security for the proposed loan. It is important to note these valuations are not structural surveys, which are conducted by Engineers.

A report is provided, for the lender and is usually two to three pages in length. Farrell Auctioneers, Valuers & Estate Agents Limited, are proud to be on the AIB, Bank of Ireland and EBS panels.

Probate Valuation

On the death of a loved one, their property passes into the hands of the Executor who will arrange for the assets of the deceased to be valued as at the date of death. Once the Estate has been valued the Executor (or Solicitor) applies to the Probate Office for a grant of probate and once issued and debts and taxes have been paid, the ‘Estate’ is allocated in accordance with the terms of the will. We can provide an independent valuation for probate purposes.

Fair Deal Valuation

The “Fair Deal” Scheme also known as the “Nursing Homes Support Scheme”. It provides financial support to people who need long-term nursing home care. The scheme is operated by the Health Service Executive (HSE). The report will be to the “Bluebook” standard and considers the condition and date of entry to a Nursing Home.

Capital Gains Tax

Where a property is sold a pro-rata “capital gains” tax is due to the Revenue based on the difference between the acquisition cost and sale cost. Sometimes purchase prices are not known and property deeds are lost over time. We have experience providing historical valuations in such instances.

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