Property/House Valuation Worcester

You must obtain a valuation when purchasing or selling a property or modifying your ownership share. 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.

What sets a RICS Valuation apart from an estate agent’s estimate? An estate agent focuses on maximising the sale price for their client’s property. A RICS Valuation, on the other hand, calculates the Market Value, the price a willing buyer and seller would agree upon. This ensures an unbiased and reliable valuation.

When numerous buyers compete for a property, its value may rise due to bidding competition. In contrast, a property with only one buyer may be valued lower than a comparable property with more interest.

If you’re buying a property without financing, it’s still advisable to have a valuation done. It verifies that you’re not paying more than the property’s worth.