How do I correct the Capital Valuation once a new value has been calculated by Council?
Homes.co.nz receive property files from the councils on a regular basis, generally monthly. If, however, you have had a new valuation done on your property and it is out of the normal cycle you are welcome to ask homes.co.nz to update the valuation.
Should the valuation be visible on the relevant council website, then email email@example.com
with the address and this will be done within 48 hours.
Alternatively, if you have a Valuation Reassessment report, feel free to email that to firstname.lastname@example.org
and the value will be updated within the 48 hours timeframe.
Why is my Capital Value different than my HomesEstimate?
There a number of reasons why the HomesEstimate might be quite different from your current Capital Value. These include: Capital Values are calculated at quite long intervals, usually every three years. The HomesEstimate is re-calculated every month. ...
What are the various Council sales types?
According to Local Government (Rating) Act 2002 all sales transactions needs to be notified to the relevant Territorial Authority (Local Council) as these sales records form part of the next Rating Valuation assessment. Also note that the sale data ...
Is a HomesEstimate a formal valuation?
Absolutely not. The HomesEstimate is not a formal valuation and you won't be able to use it in place of a valuation, though you can certainly share it with real estate professionals. It is a computer-generated estimate of the worth of a house today, ...
What is the HomesEstimate?
The HomesEstimate valuation is our estimated market value, computed using a proprietary formula. It is not a formal valuation. It is a starting point in determining a home's value. The HomesEstimate is calculated from data available to homes.co.nz, ...
If you have received a recent CMA from a Real Estate Agent or a formal valuation report
If you have received a formal valuation report from a registered valuer or a recent comparative market analysis (CMA) from a Real Estate Agent, you can help us improve the accuracy of your HomesEstimate. To update your HomesEstime using a formal ...