How is Auction Value Determined?
Additionally, The Forced Sale Value is determined through industry experience, by selling assets at an auction.
The valuers at The Asset Valuations Group are all registered auctioneers, who work closely with the above companies.
The Asset Valuations Group has a sister company called Auctioneering Link Australia.
Moreover, the second way this Value is achieved is dividing the Market Value Price by 25%. That usually gives us an accurate estimation.
For example, if a fridge is worth $100.00 Market Value, we would expect a figure of around $25 on Auction for the same item.