Why hire an RICS member to undertake a valuation?
RICS members must comply with the Red Book and valuation standards and are also bound by the RICS Rules of Conduct, which ensure integrity, a high standard of service, duty of care, [...]
I am looking to sell my property and the estate agent has given me his opinion on its value. Do I still need to pay for a valuation report?
Many estate agents have a good feel of the market and may be able to give a good indication of value. However, an unbiased, independent valuation report is advised as it is based on comparable [...]
Why are valuations needed?
Valuations are necessary because they form the basis for many financial decisions. Many businesses and individuals see having a valuation carried out as an unwanted and unnecessary expense. This [...]
What am I paying for?
Depending on the purpose of the valuation, the end result is an official valuation report based on market evidence and valuation standards, which can be presented in purchase/sale or other [...]
What does a valuation report include?
A valuation report usually includes property information, size of the land and building, physical details on the construction and condition of the building, details on any immediate issues that [...]
What is the valuation based on?
Most of the times, valuations are based on evidence of comparable sales of similar properties, adjusted to take into account differences in physical and legal characteristics. Some specialist [...]
What is required for a valuation report?
Depending on the nature of the property what is required is normally the title deed which includes the its cadastral data and states whether the property is subject to or incorporates any [...]
