Property/House Valuation Northampton

A valuation is required when you’re selling or buying a property or altering your ownership percentage. 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 has the expertise to conduct this valuation accurately. Their valuation holds legal standing in court.

How is a RICS Valuation distinct from an estate agent’s valuation? An estate agent strives to sell their client’s property at the highest price possible. In contrast, a RICS Valuation determines the Market Value, defined as the price a willing buyer and seller agree upon. This valuation reflects a fair and objective assessment.

When a property attracts multiple willing buyers, its value can rise due to competitive offers. However, a property with only one prospective buyer may be valued lower than a similar property with more demand.

If you’re purchasing a property without borrowing, it’s still prudent to get a valuation. It confirms that you’re paying a reasonable price for the property.