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Valuation - Mortgage | Valuation - Capital Gains | Valuation - Diminution | Valuation - Divorce | Valuation - Miscellaneous | Valuation - Probate | Valuation - Reinstatement Cost Assessment | Dilapidations Damages Appraisals | S.18(1) L&TA '27 Appraisals
Valuation - Mortgage | Valuation - Capital Gains | Valuation - Diminution | Valuation - Divorce | Valuation - Miscellaneous | Valuation - Probate | Valuation - Reinstatement Cost Assessment | Dilapidations Damages Appraisals | S.18(1) L&TA '27 Appraisals
Valuations and Appraisals
A valuation is a Surveyor’s professional opinion as to the “worth” of a property. It is expressed in monetary terms.
The Royal Institution of Chartered Surveyors define “Market Value” as:
“the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”.
You will see from the above that a valuation is normally given as at the date of inspection but in certain circumstances, say Capital Gains Tax cases, Inheritance tax (S160 Inheritance Act 1984) cases, Charitable organisations (S36 (3-5) Charities Act 1993) or Divorce proceedings, valuations can be “retrospective”.
There is a range of methods used by Barker Associates in preparing a ‘Valuation’ (comparative, investment, residual, etc.) and we will advise as to the most appropriate and correct method for the task in hand.
A valuation does not provide a warranty as to the condition of the subject property.
Our Survey Department within Barker Associates is committed to giving a fast, helpful and "value for money" service providing reports which are concise and accurate, offering practical advice in clear understandable terms.
