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Valuation surveyors analyse and measure the value of buildings, providing a precise assessment of its market value for a wide range of purposes.
Here we have a closer consider the role of Valuation Surveyors and the types of work they try.
What is a RICS Registered Valuation Surveyor?
https://munksgaard-kragh-2.technetbloggers.de/valuation-surveying-your-guide-to-becoming-a-valuation-surveyor-1686448517 is really a specific component of surveying and not all surveyors are qualified to carry out valuations under RICS ?red book? rules. People that have the relevant expertise and training are known as RICS Registered Valuers.
Just how do Valuation Surveyors undertake valuations?
To perform a Valuation Report, a RICS Registered Valuer will follow the process as set out in the RICS Red Book. This includes a visual inspection of the property, during which the surveyor is trained to identify any serious defects or structural issues. Aspects about the property, including the size of the building and grounds, its location and desirability, and any recent improvements or extensions. The Valuation Surveyor may also conduct research and assess data as part of their investigations, that will take into account information on the sale price of comparable properties nearby that have recently been sold.
A final valuation figure is then reached and provided in an in depth report.
When do I want a Valuation Surveyor?
There are many of circumstances when a Valuation Report conducted by way of a RICS Registered Valuer will be required. Examples of this include where property has to be valued within a divorce or civil partnership dissolution settlement. A property that is included within probate may also have to be valued by a RICS Registered Valuer.
Valuation Surveyor Thames Ditton involving a property that has been purchased via the government?s Help Buy scheme may also should be valued by a RICS Registered Valuer. So if you are considering selling a property bought using Help Buy, or should you be paying off any part of the Help Buy loan (referred to as staircasing), you will need a RICS Registered Valuer readily available.
You are also unlikely to be able to proceed with a mortgage for purchasing a home, or a sale of a shared ownership property, without a residential property valuation from the Valuation Surveyor.
Here's my website: https://munksgaard-kragh-2.technetbloggers.de/valuation-surveying-your-guide-to-becoming-a-valuation-surveyor-1686448517
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