When buying a property, it is wise to seek an accurate valuation of the property, rather than relying on estate agent comparisons, online calculator tools, or your own gut feeling.
At Laurence Quilter, we provide professional Market Valuation surveys carried out by highly experienced, RICS-qualified surveyors.
A Market Valuation, also known as a house or property valuation, is an estimate of a property’s true value in the current market.
The Market Valuation report summaries a property’s overall condition, its size and location, to provide an accurate assessment of the current market value of the property. The valuation survey does not detail any defects, or cost estimations on any repairs that may we required.
What’s included in a Market Valuation?
To ascertain the property’s accurate valuation, we base our recommendation on a variety of criteria including:
- The property size and its location
- The property’s condition and any obvious defects
- The age of the property
- The quality of the fixtures and fittings within the property
- Any outside space, such as off-street parking, side access and garden/terrace
- The property’s proximity to public transport and local amenities
If you are purchasing a property with a mortgage, the majority of mortgage lenders will require a Market Valuation of the property before they agree to lend the mortgage to buyers.
Whilst a Market Valuation doesn’t include detailed information on any defects, or provide average cost estimates for any repairs that may be required, it does provide you with an important overview of the property and it’s true value. For a more detailed assessment of the property, opt for either a HomeBuyer Survey or a Full Structural/Building Survey.
We understand that when it comes to getting a survey done, time is of the essence which is why you can depend on us to provide a speedy yet professional service. Not sure which survey is right for you? No problem. Contact us to discuss your requirements further and ascertain which survey best meets your needs.