![]() A valuation is different as it requires an accredited valuer to prepare a detailed written report on the property, a sworn legal document that can be used in court.īoth of these require an agent or valuer to attend the private property, and in most cases, they attend alone. The appraisal involves a real estate agent attending the premises and combining their observations with their knowledge of the local market and recent sales to put forward their recommendations on how much the home should be listed for sale or rent. To find out the value of a property, an appraisal and/or valuation may be undertaken. The dangers of property appraisals and valuations Useful functions include automated check-ins, tracking updates and up to 10 different alarm settings, which means the alarm can be raised instantly if there is an incident, even if the agent is unable to make the call. For agents attending property inspections alone, a personal duress alarm such as the SkyTrack 4G offers a simple and effective way to communicate their location and wellbeing. A property manager was mauled by dogs and seriously injured after attending a booked inspection at a Central Coast home and an agent in Melbourne was left traumatised after a separate dog attack. In Western Australia, a tenant attacked a property manager during the final inspection when he discovered he would not be receiving his bond money on the day. While the majority are completed without incident, there has been an alarming number of cases where an agent has sustained serious injury.įrom confrontations with aggressive tenants to dog attacks, agents may encounter a wide range of dangerous situations. More often than not, these inspections are attended by a lone agent or manager. Staying safe at property inspectionsįor those managing rental properties, conducting regular pre-planned property inspections is essential. Read on to find out why they could be an ideal solution for your team. These small but powerful devices are increasingly being recommended as part of the risk assessment process as a simple way to keep real estate agents and property managers safe. For lone workers in the real estate industry, carrying a personal duress alarm is a highly effective way to minimise the risk of injury. A key function of this is to protect workers from harm. It is now good practice for all businesses to undertake a regular risk assessment and have detailed health and safety procedures and policies in place. Thankfully, there is much that employers can do to protect their workers. ![]() The combination of visiting private properties, meeting with strangers, and working alone can leave real estate industry workers vulnerable, especially when the agent or manager needs to deliver unwanted news. But dig a little deeper and it’s clear that many of the tasks agents and managers undertake every day can be classified as high risk. Real estate and property management may not seem like a dangerous profession for those not involved in the industry. ![]()
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