How to Navigate the EVM Report
The Estate Agent Valuation Model (EVM) Report by Lightstone offers comprehensive insights into specific erfs or units, designed to support estate agents, property professionals, and buyers in making informed property decisions. Here’s how to efficiently navigate and understand each valuable section of this report.
Key Sections of the EVM Report
Property Details
This section provides essential information:
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Legal address
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Registered and cadastral land size
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Last recorded sales price and date
Visual Map Imagery
The imagery section includes a satellite view clearly showing the estimated property boundary lines. Interactivity is possible through the map's measurement tool, helping users better assess the layout and area dimensions.
Other Properties on the Same Title Deed
Lists additional properties linked to the title deed, such as garages and storage units. Details include property descriptions and sizes. Users can export this data to Excel for further analysis.
EVM Valuation Details
Offers an estimated value range for the subject property along with comparative suburb valuations (low, middle, and high estimates). This serves as a valuable guideline for pricing and evaluation.
Owner and Bond Details
Displays the registered owner's details, including their name, partial ID number, title deed number, marital status, and share percentage. The Bond Details section outlines:
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Bond amounts
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Lending institution
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Registration dates and numbers
Transfer History
Provides historical transaction data for the property, showing previous owners and transaction details.
Street Transfer History
Includes recent property sales along the street, offering transaction dates, seller and buyer information, property addresses, and purchase prices. Useful for comparative market analysis.
Comparable Analysis
Shows recent comparable property sales in the area, plotted visually on a map, helping users assess the property's market position and customize their analysis effectively.
Municipal Valuation, Servitudes, and Endorsements
Gives municipal valuation details including estimated monthly rates and property usage. This section also highlights any existing municipal servitudes, interdicts, or usufructs affecting the property.
Suburb Trends
Illustrates median price growth over the past decade across three property types—Freehold, Sectional Scheme, and Vacant Land. Interactive graphs provide detailed market trend insights.
Number of Transfers
Depicts the transfer activity level within the suburb across various property types, showcasing the suburb’s market vibrancy.
Amenities
Lists nearby amenities such as filling stations, shopping centers, hospitals, schools, and public transport stations, measured as straight-line distances, assisting users in assessing convenience and locality value.
Final Notes
The report concludes with a disclaimer, ensuring transparency regarding the nature and use of the provided data.
Using the EVM Report effectively allows estate agents and property professionals to confidently evaluate properties, empowering informed decisions and market competitiveness.
