Property/House Valuation Tottington

A valuation is essential when you’re buying or selling a property or adjusting your ownership 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 is qualified and experienced to carry out this valuation. Their valuation holds legal standing in court.

What sets a RICS Valuation apart from an estate agent’s estimate? An estate agent works to secure the highest possible 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 offers a fair and objective valuation.

When numerous buyers compete for a property, its value may rise due to bidding competition. On the other hand, a property with limited buyer interest will likely have a lower value than one with multiple offers.

If you’re buying a property without financing, it’s still advisable to have a valuation done. 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/