Property/House Valuation Chorley

A property valuation is necessary when selling or purchasing a property or adjusting your ownership share 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 assessment holds legal authority in a court of law.

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, establishes the Market Value, the price agreed between a willing buyer and seller. This ensures an unbiased and reliable valuation.

When numerous buyers compete for a property, its value may rise due to bidding competition. However, a property with only one prospective buyer may be valued lower than a similar property with more demand.

Even if you’re purchasing a property without a mortgage, getting a valuation is sensible. 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/