Property valuation or survey
Gloucester, Cheltenham, Worcester, Cardiff, Swansea, Bristol, Bath, Swindon, Taunton, Exeter, Plymouth
It is important to recognise that a valuation is NOT a survey.
A mortgage valuation is a limited check on the property by the mortgage lender to ensure the property is worth the estimated value/purchase price. A valuation CANNOT be relied upon to answer the questions which concern the buyer’s personal interests.
Very importantly, a valuation is unlikely to cover items of disrepair which would be reported on in a survey. A valuation may be needed for specific purpose, such as probate or divorce settlement, taxation, buildings insurance assessment, or if the owner of a flat needs to have the lease term extended. A market valuation, based upon a limited inspection, may also be required if a buyer wants peace of mind that the agreed purchase price is fair and reasonable; in which case we recommend a RICS Condition Report.