Property/House Valuation Bamber Bridge

A property valuation is necessary when selling or purchasing a property or adjusting your ownership share percentage. It’s also necessary for updating your property portfolio for tax or accounting purposes or managing probate after a family member’s death. A RICS Registered Valuer is trained and experienced to perform this valuation. Their valuation is legally valid in court.

How is a RICS Valuation distinct from an estate agent’s valuation? An estate agent’s goal is to achieve the maximum sale price for their client. A RICS Valuation, however, determines the Market Value, the price a willing buyer and seller mutually agree on. This delivers a balanced and precise valuation.

When a property attracts multiple willing buyers, its value can rise due to competitive offers. 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 confirms that you’re paying a reasonable price for the property.

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