Property/House Valuation Padiham

You need a valuation when buying or selling a property or changing your share of ownership. It is also required for updating your property portfolio for accounting or tax purposes or handling probate after a relative’s passing. A RICS Registered Valuer is trained and experienced to perform this valuation. Their assessment holds legal authority in a court of law.

How does a RICS Valuation differ from an estate agent’s valuation? An estate agent’s goal is to achieve the maximum sale price for their client. A RICS Valuation, on the other hand, calculates the Market Value, the price a willing buyer and seller would agree upon. This provides an impartial and accurate valuation.

If several buyers are interested in a property, its value may increase through bidding wars. Conversely, a property with just one interested buyer will typically have a lower value than one with multiple bidders.

Even if you’re buying a property without a mortgage, obtaining a valuation is wise. It verifies that you’re not paying more than the property’s worth.

Or look to the RICS for additional information https://www.rics.org/uk/upholding-professional-standards/sector-standards/valuation/