What are surveyors doing to respond to Coronavirus?

 

The outbreak of the Novel Coronavirus (COVID-19) has created an unprecedented situation across the globe and this uncertainty is clearly a consideration when valuing a property in the current environment. 

The latest RICS guidance recognises this situation and RICS has suggested a form or words that can be used if a surveyor has concluded that there is material uncertainty in the valuation of a property.

The wording confirms that, given the unprecedented nature of the pandemic, we can attach less weight to previous market evidence for comparison purposes and that a higher degree of caution should be attached to valuations than would normally be the case. 

Given the unknown future impact that COVID-19 might have on the real estate market, surveyors will also recommend that the value of a property is kept under frequent review.

At Arnold & Baldwin, we continue to carry out physical valuations of properties and we have introduced a set of guidelines for all of our surveyors, including conducting checks before making bookings to confirm whether the property owners have been to any at-risk countries or if anyone has been in contact with someone contracted to Coronavirus. It is also important that our surveyors reassure customers that they are safe to enter a property. 

We have encountered home owners in self isolation and one contracted case of Coronavirus. Our clients so far have been happy to postpone, rather than cancel. The sentiment amongst our buyers remains strong however I hear mixed views on new enquiries which are fluctuating, some say the phone is quiet, others are reporting those working from home are using the time to get their properties valued and catching up with paperwork before they head back to work in a few weeks time. The underlying post General Election pent up demand is still alive, it appears some are choosing to stay in isolation for a while. 

If clients are nervous about revisiting a property in the current climate, we can offer a virtual reality tour of the property, which involves a 360-degree experience and floor plans allowing customers to plan their move in detail without being there in person.And, for lenders, we also offer desktop valuations for secured lending if we go through a period where we cannot undertake physical valuations.

 

Share this article

Recommended Articles

Dream home video

The importance of a home survey

Date:

A property valuation is not a survey. Getting a home survey, and not just a bank valuation, is essential when buying a property. Read more

Qualify for lease extension

Do I qualify for a lease extension?

Date:

If you’ve owned your property for more than two years. If the original lease was for more than 21 years and the Freeholder is not a Charitable Housing Trust, the National Trust or The Crown then yes, congratulations, you qualify for a lease extension. Read more

Oops, image not found

What is the Lease Extension Process?

Date:

Everything you need to know about lease extensions and how the process works. Arnold and Baldwins building experts divulge all. Read more

Oops, image not found

Structure movement

Date:

Many owners are unaware of a problem until their house goes through the selling process Read more

Dream Home or Worst Nightmare?

Buying your new home can quickly become your worst nightmare. A home survey will help you realise your dream and help you buy with confidence. Find out more about the importance of a home survey here

The Importance of a Home Survey

Watch the Video

4.7 Average rating on Google
Here's what our customers say

CLARE MCSHANE

Professional, efficient surveyors. Get the job done in a timely manner, had our survey back within 5 days of inspection. All team members I spoke with (Tiffany and Billy) were really lovely. Highly recommend. :)

RICARDO OLIVEIRA

I have only just started working with Stephen and he has already demonstrated the high levels of customer attention and dedication that this company has. The first impression he has caused is such that made me write this review. I have no doubt that the continuous service will be of same level. Looking forward to working further with Stephen. Well done!

Steve Kenny

Lease extension - I found Daniel Grove very professional and had an excellent understanding of all aspects relating to this transaction. Advice was invaluable, and it was nice to come across someone who did exactly what they said they were going to do. Would not hesitate in recommending the firm and Daniel to anyone who has a lease to extend.

Petros Kyrkilis

Amazing job and fully professional treatment. The surveyor went above and beyond to check for everything, when he could have easily claim lack of access. In addition he was more than happy to answer questions over the phone and be there to explain the steps.

Lynn Wilson

Within 48 hours I received my detailed report from Joe Arnold which enabled me to see the property as it was and not through rose-tinted glasses! The report highlighted areas where money might need to be spent and provided guidance on questions for my solicitor - just what I needed. Overall, the survey enabled me to re-assess my offer and in this respect was invaluable. Thank you for a friendly and professional service.

Mark Roberts

100% choose this company. As first time buyers we had a mortgage valuation which said the house was fine. The Arnold & Baldwin survey found over £30,000 of problems. Holes in the roof with daylight visible, damp, woodworm, broken sash windows and poor electrics. This company helped us renegotiate and save a fortune.

Joebun

Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.

Kamal Rahman

From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.

Sign up for monthly Property Insights

Follow Us