Land and Property Valuer and Auctioneer

What is a Land and Property Valuer and Auctioneer?

A Land and Property Valuer and Auctioneer is a professional who specializes in valuing various types of properties and land, from historic buildings to modern developments. They also play a crucial role in organizing property auctions. In this guide, we’ll explore the role of a Land and Property Valuer and Auctioneer, what they do, how to become one, potential salaries, career prospects, and related opportunities.

What Does a Land and Property Valuer and Auctioneer Do?

Land and Property Valuers and Auctioneers have the following key responsibilities:

Property Valuation

• Assessing the value of properties and land, which can range from traditional buildings to new construction projects.
• Conducting market research to understand current property market conditions.
• Organizing and overseeing property auctions.

Client Interaction

• Meeting with prospective clients who want to buy or sell properties.
• Researching and evaluating properties or land on behalf of clients.
• Representing clients at property auctions to achieve the best possible sale price.

Reporting

• Creating detailed reports on the properties they evaluate.
• Providing clients with comprehensive information about the auction process and any additional services offered by their company.

How to Become a Land and Property Valuer and Auctioneer

Becoming a Land and Property Valuer and Auctioneer typically involves pursuing relevant education, gaining practical experience, and continuous professional development. Here’s a step-by-step guide:

Entry Requirements

• While there is no specific entry route, having a relevant degree in fields like land management, real estate management, property development and valuation, building surveying, or quantity surveying and commercial management can be advantageous when seeking employment as a trainee.
• You can opt for a degree program in property and valuation accredited by either the Royal Institution of Chartered Surveyors (RICS) or the University College of Estate Management (UCEM). Another path is entering a different area like estate management and then training as a property consultant on the job.
• Typically, entry to a degree program requires a minimum of 2 A levels/3 H grades and 5 GCSEs/National 5s (C or above, or 4 or above in England).

Training

• Training takes place on the job, supervised by experienced consultants.
• The National Association of Valuers and Auctioneers (NAVA) offers property auction workshops to develop trainees’ skills.
• Propertymark provides a Level 3 Technical Award in Real Property Auctioneering, which can be completed through distance learning. Completing this program is necessary for NAVA membership.
• Continuous Professional Development (CPD) is crucial to staying updated on property law and auctioning methods.

Further Education

• After achieving technician status, you can pursue an HND in Manufacturing Engineering (Polymers) while gaining additional experience.

Working Conditions

Land and Property Valuers and Auctioneers have a varied work environment:

• They spend time in an office but are frequently out and about, meeting clients and evaluating properties.
• The job involves working in all weather conditions, and travel is common. Having a driving license and access to a vehicle is beneficial.
• In the public sector, flexible working hours may be available, while the private sector often requires extra hours, especially during busy periods.

Land and Property Valuer and Auctioneer Salary

Salary for Land and Property Valuers and Auctioneers can vary based on factors like location and employer type. Here’s a rough salary range:

• Starting salaries typically range from £20,000 to £26,000 per year.
• With experience, earnings can increase to around £27,000 to £35,000 per year.
• Chartered land and property valuers can earn over £45,000 per year.
• Freelancers may charge fees based on their experience and the type of contracts they undertake.

Please note that these figures are approximate and may vary.

Career Prospects and Progression

Land and Property Valuers and Auctioneers have promising career prospects:

• Job opportunities are available across the UK, with international auction houses based in London. The growing popularity of property auctions creates a demand for property auctioneers, leading to favourable job prospects.
• There are opportunities for career progression, including moving into senior auction roles or managerial positions. Transitioning to different areas of auctioning, such as livestock or antiques, is also possible.

Advantages and Disadvantages

Working as a Land and Property Valuer and Auctioneer comes with its set of advantages and disadvantages:

Advantages

• Auctions are fast-paced and lively events, providing an exciting work environment.
• Successfully auctioning off a property can be personally satisfying.

Disadvantages

• It can be frustrating when an auction does not go as planned and expected profits are not achieved.

Related Opportunities

If you have an interest in this field, you may also consider related career opportunities:

• Auctioneer: Specializing in conducting auctions for various items.
• Residential Surveyor: Focusing on assessing the condition and value of residential properties.
• Surveying Technician: Assisting in surveying and property assessment tasks.

Further Information

To pursue a career as a Land and Property Valuer and Auctioneer and access additional resources, you can explore the following organizations:

• Propertymark
• Royal Institution of Chartered Surveyors (RICS)
• University College of Estate Management (UCEM)