Property/House Valuation Banbury

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 possesses the expertise and qualifications to conduct this valuation. Their valuation is legally recognised in court proceedings.

What makes a RICS Valuation different from an estate agent’s appraisal? An estate agent aims to secure the highest possible price for their client’s property. A RICS Valuation, however, determines the Market Value, the price a willing buyer and seller mutually agree on. This ensures an unbiased and reliable valuation.

When a property attracts multiple willing buyers, its value can rise due to competitive offers. Conversely, a property with only one interested buyer may have a lower value than a similar property with greater demand.

If you’re purchasing a property without borrowing, it’s still prudent to get a valuation. It verifies that you’re not paying more than the property’s worth.