Property/House Valuation Wesham

A valuation is required when you’re selling or buying a property or altering your ownership percentage. It’s also required for maintaining your property portfolio for accounting or tax purposes or handling probate after a loved one’s passing. A RICS Registered Valuer possesses the expertise and qualifications to conduct this valuation. Their valuation holds legal standing in court.

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, however, determines the Market Value, the price a willing buyer and seller mutually agree on. This provides an impartial and accurate valuation.

If many buyers are vying for a property, its value may increase through competitive bidding. On the other hand, a property with limited buyer interest will likely have a lower value than one with multiple offers.

If you’re purchasing a property without borrowing, it’s still prudent to get a valuation. This ensures you’re not overpaying for the property.

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