Whilst your realtor can give you an idea of what your property will sell for, having a professional appraisal means it is defendable, robust and independent.
The valuation arena in Bermuda is fairly small with only a handful of qualified Chartered Surveyors who can provide you with a report which is accepted by both financial institutions, lawyers, Government and the Bermuda courts. Our appraisers have spent years building up solid relationships with these stakeholders and work regularly with them all.
The Chartered Surveyors at BV&A focus purely on apprasials, this way we ensure that our judgement is not compromised and is completely impartial.
BV&A have access to a comprehensive database of Bermuda’s property transactions island wide, which is regularly updated including reference to the Bermuda Government Land Transfer Office. Our valuers are able to provide relevant market analysis and thus provide comprehensive, up to date, independent opinions of market value with all reports being prepared in accordance with the Valuation Professional Standards published in 2020 by the internationally recognised Royal Institution of Chartered Surveyors (RICS).
In late 2020, despite the COVID-19 Pandemic, the market in Bermuda has remained remarkably buoyant for both sales and rentals of residential properties across the majority of price brackets. Demand for waterfront properties, both residential and commercial, and those available to non-Bermudian purchasers has increased.