Valerie Levy and Associates Limited was incorporated in 1984 with offices currently located at Suite 23, Mid Spring Plaza, 134 Constant Spring Road, Kingston 8. As members of
the Association of Jamaica and the National Association of Realtors (NAR), we adhere to a strict code of ethics and are proud of the professional reputation that we enjoy both here in Jamaica and in the International Market Place. We have sold and participated in the sale of hundreds of properties in Jamaica and Florida and have participated in the sales and rentals of property for many Embassies and High Commissions, Corporate Business and Private Entities. With over 40 years experience, our professional and experienced staff are here to serve you in all your real estate needs.
Member Realtors Association of Jamaica (RAJ);Member National Association of Realtors (NAR, USA);Certified International Property Specialist;Certified Real Estate Brokerage Manager Read more......Read less
“Valuation is considered as the art /science of estimating the market value for a specific purpose of a particular interest in property at a particular moment in time taking
into account all the features or characteristics of the property and also considering the underlying economic factors of the market including the range of alternative investments”. A F. Millington
To properly define the term ‘valuation’ we must first seek to understand what is meant by ‘value’, as they are both linked. Value can be defined as the estimated monetary worth of real property. In other words, it is the assumed price for anything directly attached to land or land by itself. Noting this, valuation can be defined as a professional’s opinion on value, for real property, which is heavily based on market research. The opinion is normally expressed in a valuation report, which is prepared by the professional.
Property sales - A valuation is needed during property sales because it can be used as a guide to assist the owner and/or agent as to how much they can receive for the property in an open market. This allows the owner and/or agent to understand how the market will respond to the property being sold. This will contribute to more speeder sales being experienced within the market. Unfortunately, most persons advertise property without seeking professional advice and this sometimes results in properties experiencing a lengthier time on the market.
Acquisition - When purchasing a property, a potential purchaser would want to make sure that they are not overspending when making an investment. This is where a valuation would be needed. It is important to know how much the property is worth before buying it.
Mortgage financing - Also, when acquiring property, a potential purchaser may seek financial assistance from an institution in the form a loan. In order for the institution to assist in this way, they have to know how much the property is worth. This is where a valuation would be required. The institution relies on the professional’s expertise as to the value of the property to derive at a decision to give or not give the loan to the potential purchaser.
Legal issues - There are times when the determination of a value for the property is needed to settle disputes. For example, if a husband and wife own a property jointly and they are in the process of getting a divorce, a valuation may be required to determine the property’s value. This will assist the attorneys handling the case to separate the asset equally.
Tax - Valuations are normally done by government agencies to calculate the relevant land taxes that are to be paid by each land owner annually.
There are several other instances for which a valuation may be required to assist a client. However, whatever the reason may be, it must be understood that a valuation is a professional’s opinion based on research. Therefore, the professional has to do their research proper ly because the accuracy of the value depends on it. Therefore, if the information garnered by the professional is limited, the less accurate the value will be. Read more......Read less
Stellar Caribbean (Ja)Ltd inspect insurance clients' personal property (i.e. car, home, machinery) for which a claim has been submitted due to an accident, theft or fire. They
estimate the loss or damage of personal property and reports to the insurance company's claims adjuster. By interviewing the claimant and witnesses, consulting police and hospital records, and inspecting property damage to determine the extent of the company's liability.
Stellar Caribbean (Ja)Ltd has been in business over 15 years , providing valuation services,by doing in dept investigations and providing accurate and timely reports.
Stellar Caribbean (Ja)Ltd offers appraisals of Automotive & Machinery establishing values for assets by taking into account numerous quantitative and qualitative factors.
We ensure that our reports are reviewed by senior level appraisers, who confirm the validity of the assumptions and the data before approving the documents.
We are easily accessible, and reliable and offer our services island wide.
Stellar Caribbean (Ja)Ltd is your trusted advisor providing real valuation based on the current market standing. you can contact us for Automotive & Machinery Valuations , General Insurance Claims ,Insurance Investigation and Automotive Engineer Consulting. Read more......Read less
K. B. Real Estate Co. Ltd was registered under the Companies Act in January 1986. Over 50% of our time is spent on valuations while providing quality and flexible service to a
ll our customers.
With the advent of the Real Estate Board in the late 1980s, this company received its license without any delay and has maintained same. A copy of our certificate indicating our scope of operation is enclosed.
From 1994 to present, our acceptance by financial institutions has steadily grown. At present we are approved by the Central Bank and is on the appraisal panels of all major financial institutions as indicated by the list enclosed.
Our goal is to provide excellent service to our clients at reasonable costs and our reputation of excellent service, honesty, integrity and efficiency attests to this.
K.B. Real Estate is a small company and its regular staff compliment has the capacity to accomplish 70 small to medium size valuations per month. We are presently averag ing 50 per month. In the event of a large project we have able and willing consultants and sub-contractors.
Eight (8) years ago we computerized our appraisal process, which is used by all staff members. Our systems are supported and maintained by our IT consultants who work closely with us to satisfy all our clients needs.
The Company has a stable financial and credit record. Read more......Read less