An examination of client influence on residential property valuation in Benin metropolis, Nigeria
Sado Rapheal Oshiobugie, Onyejiaka Joseph Chukwudi, Emoh Fidelis Ifeanyi
The study examined client influence on residential property valuation in Benin metropolis, Edo State, Nigeria. The study adopted the use of self-administered questionnaires to obtain relevant data. Fifty-nine (59) successfully completed questionnaires were retrieved from practitioners under Estate Surveying and Valuation firms in Benin metropolis. The data collected were duly presented in frequency and percent tables and analyzed using the Chi-square test method to validate the hypotheses. The study revealed that although there are instances of clients’ attempt to influence valuation opinions in Benin, they are insignificant as valuers do not allow such clients’ influence impose effect on their value opinions. However, valuers are enjoined to continue to resist clients’ influence to avoid effects such as; over valuation, short or under valuation, professional malpractice as well as legal/litigation cases on valuation opinions, thereby creating value opinions that stand as good market evidence for further reference.