“Market Value is an expert’s assessment, appraisal or opinion as to the estimated amount that an individual asset would realise for at the date of 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”..
Michelle Maitland – Registered Auctioneer & Board Member Auctioneers Association NZ Charity Auctioneer, Property Auctioneer – CEO George Walkers Office Furniture Megastore
Real Estate & Property Auctions
No commission – Auctioneers fee only – Call now!!
Auctioneers are exempt from the real estate agents act clause 8 of the act. For the sale of land (real estate) only by auction.
Negotiations have to be dealt with during auction and not outside of this time.
Michelle Maitland has 25 years’ experience as auctioneer & is the first female in NZ Auctioneers Association of NZ Inc. She is an auctioneer with a genuine passion to help people and make valuable contributions to the communities she and her business serve.
She is also an executive member of New Zealand Licensed Auctioneers and a board member for Auctioneers Association of NZ. She has worked with many charitable organisations and is still passionate about helping clients raise funds through charity auctions.
Market Value In-Situ:
is defined as “…The estimated amount for which an asset or assets should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties have each acted knowledgeably, prudently and without compulsion whereby the assets will be sold by way of a private treaty sale as a whole where the assets will remain in their existing place and location (In-Situ) following sale.”
Market Value In-Situ gives consideration to the in-situ nature of the asset or assets and associated installation costs but not as part of the continuation of the existing ‘going concern’ business operation.
Market Value Ex-Situ is defined as:
Is defined as “…the estimate amount for which an asset should exchange on the date of 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 with the assumption that the assets will be sold by way of a private treaty sale where the subject assets will be removed from their existing location (Ex-Situ) following sale.”
Market Value In-Situ gives consideration to the in-situ nature of the asset or assets and associated installation costs but not as part of the continuation of the existing ‘going concern’ business operation.