A Market Valuation will provide a professional opinion of value for a property with
respect to the prevailing market at the date of valuation. As such, the surveyor will
look to objectively analyse and assess a number of factors which affect the relationship
between buyers, sellers, investors and occupiers in a market in order to come to an opinion of value.
The exact basis and purpose of a valuation will dictate various assumptions and disregards
that a surveyor will take into account when coming to an opinion of value, however, the
generally accepted definition of Market Value from the Royal Institution of Chartered Surveyors (RICS) and The International Valuation Standards Council (IVSC), is:
The estimated amount for which an asset or liability should exchange on the valuation date between
a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where
the parties had each acted knowledgeably, prudently and without compulsion
A valuation is not a survey
Although the valuation will be based on objective analysis, it is important to recognise
that the methodology behind it is not just a science, but an art, wherein the expertise and
intuition of individual experts will play a part, hence why a Market Valuation is a professional opinion of value.
It is important to recognise that a valuation is not a survey and although a Market Valuation
may provide a brief overview of the size, condition and location of the property, it is valuation
focussed and will not comment further on any defects or other factors that do not materially affect
the value of the property. Choosing the right survey will help highlight any serious problems and
advise you of the specific risks before you commit to the process of buying or selling a property.
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. :)
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!
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.
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.
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.
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.
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.
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.