Valuation Survey
Valuation surveys do not point out any structural defects. They are however useful for getting a valuation of a probate property or in instances when you need to divide a home during divorce proceedings. Filling in the short form below, powered by our partners at Local Surveyors Direct, will instantly give you a set of estimates for a Valuation Report/Survey from Building Surveyors who cover the local area. You will also be provided with their full contact details, all within less than a second. You can then contact them directly and compare prices and service.
Please note: filling in this form will not bring up a value for your property, it will bring up the cost to value your property.
Valuation Surveys
A Valuation Report is most commonly arranged by a Bank or Building Society to make sure it is worth the money they are lending in the event they had to recover their loan. It does not involve a thorough inspection of the property and in some cases may not even involve a visit. It is a slimmed down report and will not have the detail that would be found in a building survey.
Why would I need a Valuation Report?
You may need a valuation report for probate after the owner or one of the owners of a property has become deceased. Or perhaps you are going through a divorce and the difficult process of dividing up your joint property and want to determine a reasonably accurate value. A valuation is also useful for a sale within a family.
Speak to your surveyor before appointing them and ensure they have satisfactory qualifications, accreditation, experience and insurance. A Chartered Surveyor will be a member of the Royal Institution of Chartered Surveyors (RICS) and have the letters MRICS or FRICS after his or her name. The RICS ensures that all its members maintain professional standards in their work.
If you would like more information on the differences between surveys, please click here.
