Tswanahome prides itself in the product it offers in the valuation field. The chief valuer is fully registered with the Real Estate Institute of Botswana and a full member of the Real Estate Advisory Counsel. We provide valuations reports for deeds transfers and registry, to determine market value, bank loan applications and or financial reporting. Our valuation reports are conducted within a period of 2 to 3 days from the day of inspection for a thorough and well calculated valuation of our clients’ properties.
A minimum non-refundable down payment for any valuation is P1500.00 and we give our clients 3 months to pay the balance.
PROFESSIONAL FEES FOR OPEN MARKET VALUATIONS IN RESPECT OF RESIDENTIAL, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL PROPERTIES
Market Value of Property Basic Tariff Additional to Basic Tariff:
> Up to P50 000 = P750.
> From P50 001 to P150 000 = P750 AND P3,50 per P1 000 over P50 000.
> From P150 001 to P400 000 = P1100 AND P2,50 per P1 000 over P150 000.
> From P400 001 to P1 000 000 = P1725 AND P2,00 per P1 000 over P400 000.
> From P1 000 001 to P2 000 000 = P2925 AND P1,50 per P1 000 over P1 000 000.
> From P2 000 001 to P3 000 000 = P4425 AND P1,00 per P1 000 over P2 000 000.
> From P3 000 001 to P4 000 000 = P5425 AND P0,75 per P1 000 over P3 000 000.
> From P4 000 001 to P5 000 000 = P6175 AND P0,50 per P1 000 over P4 000 000.
> Over P5 000 000 = P6625 AND P0,25 per P1 000 over P5 000 000.
Agricultural Properties (for farms bigger than 50 Hectares – minimum fee of P1000):
Market Value of Property Basic Tariff Additional to Basic Tariff:
> Up to P50 000 = P1000
> From P50 001 to P100 000 = P1000 AND P5,00 per P1 000 over P50 000
> From P100 001 to P250 000 = P1250 AND P3,50 per P1 000 over P100 000
> Over 250 000 = P1775 AND P2,50 per P1000 over P400 000
WHERE MORE THAN ONE VALUATION IS REQUIRED
The fee in respect of more than one valuation for the same property shall be, with respect to the second valuation, 5% of the fee for the first valuation: Provided that a normal valuation shall indicate the forced sale value in addition to open market value and this does not constitute more than one valuation.
WHERE PRESCRIBED FORMS ARE REQUIRED
Completion of specific forms in addition to the valuation, the applicable fee may be increased by 25%, subject to a maximum increase of P250. 00 per property.
CONTINUOUS AND SEPARATE VALUATIONS
Continuous and valuations a fee based upon the total of the continuous valuation at the relevant tariff fee. “Continuous valuation” means the valuation of two or more properties having similar attributes.
REVALUATIONS
Revalue of property by the same registered professional within the preceding period of 12 months, and the property or the interest therein has not changed materially since the first valuation, the fee shall be reduced by 50% of the first valuation.
VALUATIONS FOR EXISTING AND PROPOSED IMPROVEMENTS
When instructed to prepare two valuations, such as “as is”, of a single property, a registered professional may charge for each of the valuations separately in terms of 1.0, provided that where the work involved in preparing the second valuation does not amount to performance of a completely separate valuation, the registered professional should charge in terms of 1.0 on the higher of the two valuations only.
VALUATION OF PART OF A PROPERTY
Where a registered professional is required to value a portion of, or an undivided share in, a property and it is necessary to value the whole property in order to determine the value of the part, or the share, the fee may be based on the value of the whole property.