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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
Valuation - Diminution
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 at the date of inspection but in certain circumstances, say Capital Gains calculations, Probate cases, Inheritance tax, Charitable organisations 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.
The valuation normally consists of a relatively short report with photographs.
All of our Surveyors are fully qualified members of ⇒The Royal Institution of Chartered Surveyors.
Prices for a valuation start at £200 (including VAT).
If you wish to discuss any aspect please do not hesitate to contact the Survey Department on: 01279 647111.
