Why Smart Buyers Look Beyond the QV

One of the most common questions we hear from purchasers is:

"Why is the asking price higher than the QV?"

It's a fair question, but it's important to understand what a QV is — and what it isn't.

A QV is a mass appraisal carried out for rating purposes. It is generally based on data available at a specific point in time and is often generated without anyone physically inspecting the property. It doesn't necessarily reflect current market conditions or the unique features that can significantly influence value.

What a desktop valuation can't fully assess includes:

• Quality of construction and workmanship
• Renovations and modern upgrades
• Heating, solar systems and energy efficiency improvements
• Landscaping and outdoor living areas
• Views, privacy and location within the neighbourhood
• Additional sheds, workshops or outbuildings
• High-spec chattels and fixtures
• Compliance and consent status
• The emotional appeal that attracts buyers

The reality is that buyers don't purchase a QV. They purchase a home.

In today's market we regularly see properties sell above, below and very close to their QV depending on their condition, presentation, location and buyer demand.

When considering a property, we encourage purchasers to look at comparable recent sales, replacement costs, land value, the property's unique attributes and how it compares with other homes currently available.

Sometimes a property is overpriced. Sometimes it represents outstanding value. The QV alone rarely tells the full story.

The best purchasing decisions are made using current market evidence, professional advice and careful due diligence—not simply by comparing the asking price to a rating valuation.

At REAL, we're happy to discuss the sales evidence behind any property we market and help you understand where it sits in the current Kerikeri market.

A team you know. Experience you trust.