Valuations

Valuation Reports

A valuation can be required for a number of different purposes. These may include the following;

Matrimonial Disputes.

Tax Purposes, some times retrospective.

Probate.

To establish the current freehold value, or leasehold value.

Leasehold enfranchisement or renewal.

Mortgage purposes. (usually undertaken by the lenders own nominated valuer)

If you are not obtaining a mortgage you will need to establish the true and reasonable value and may want to  commission a Valuation Report to ensure that the purchase price.

Philip Raw & Co Ltd are experienced in undertaking valuations for the above on residential premises and small commercial buildings.

Home Buyer Reports

The Royal Institution of Chartered Surveyors (RICS) Homebuyer Survey and Valuation (HSV) provides our opinion of the condition of the property.  This report type focuses on those matters which are urgent or significant and need action or evaluation by you. It includes urgent repairs for which the client should obtain quotations prior to exchange of contracts and also lists  matters that should be investigated further.

Matters not considered significant or urgent are outside the scope of an HSV and will not be reported although we try to give helpful advice within the report on other aspects noted during the inspection.

The Report is in the RICS standard format and will include a Valuation and a Reinstatement cost for Buildings Insurance purposes.

The HSV is mainly suitable for houses of conventional design without major alterations or extensions built since the 1950s but can sometimes be appropriate to houses built after about 1900. Older properties or those which have been altered or extended are usually more suited to the fuller  Building Survey.

When appointed to undertake an RICS HSV we will advise you in writing with information describing the service and ask you to confirm your instructions back to us also in writing before the work is undertaken.