Property/House Valuation Lower Peover

A property valuation is necessary when selling or purchasing a property or adjusting your ownership share percentage. It’s also essential for updating your property portfolio for tax or accounting needs or dealing with probate after a loved one’s death. A RICS Registered Valuer possesses the expertise and qualifications to conduct this valuation. Their valuation carries legal weight in a court of law.

What makes a RICS Valuation different from an estate agent’s appraisal? An estate agent focuses on maximising the sale price for their client’s property. In contrast, a RICS Valuation determines the Market Value, defined as the price a willing buyer and seller agree upon. This delivers a balanced and precise valuation.

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 buying a property without financing, it’s still advisable to have a valuation done. This confirms you’re paying a fair price for the property.

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