Valuation for evidence of value
AVO Ref. Number
Local Government Area
Description of Land
Description of Improvements
Date of Inspection:
Date of Valuation
Estimated Market Value
Name of Valuer Incl. Qualifications.
We, the undersigned, do hereby certify that to the best of our knowledge, ability and beliefs, the statement contained in this report, upon which the analysis, opinion and conclusion expressed herein are based, are true and correct. This report sets forth all the limiting conditioning affecting the analysis, opinion and conclusions contained herein. This report has been made in conformity with and is subject to the Code of Ethic requirements of Association of Indonesia Appraisal Companies, Indonesian Society of Appraiser, Standard Penilaian Indonesia (SPI) and Kode Etik Penilaian Indonesia (KEPI).
Market Value: is the estimated amount for which a property should exchange on the date valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.
Highest and Best Use (HABU): The most probable use of a property, which is physically possible, appropriately justified, legally permissible, financially feasible, and which result in the highest value of the property being valued