Right To-Buy Valuation
Is the asking price for your property fair? Remember, a valuation is not a survey. Make sure you know as much as you can about the true condition of your building, property or future home before you commit to purchase.
Why do I need a right to buy valuation?
Your Local Authority or Housing Association may have given you the opportunity to buy your home. The purpose of a Right to Buy Valuation is to help you decide whether the asking price for your property is fair. You won’t know if your local authority or housing association (landlord’s) market valuation is accurate until you’ve obtained an independent valuation report from a RICS registered surveyor.
We have the knowledge and expertise to provide you with an accurate valuation of the property in today’s market. We can also value the property disregarding any improvements you have made during occupation if required.
When buying any home we do recommend you undertake a home survey to highlight any defects with the property. The valuation and surveys can be combined.
Book a HomeBuyer Report & Valuation today for complete peace-of-mind
Property valuations are not surveys
Make sure you know as much as you can about the true condition of your building, property or future home before you commit to buy – Protect your investment.
Having a survey undertaken is a vital step in protecting your investment.
There are 3 important reasons to have a survey carried out:
Mortgage valuations are for the welfare of the lender and NOT the buyer
Many people do not realise that a valuation of a property does not go into detail about the condition of a property but rather it is an assessment of the value of the property for lending purposes. It will only highlight the most serious defects that could impact the value of a property. It is not a detailed reporting of all the defects, repairs and maintenance that would be required to maintain the property.
Buyers who do not get a survey face on average £5,750 in repair costs
Surveys highlight defects that may not be obvious to an untrained eye. Some of these defects can get progressively worse over time if they are not remedied immediately after moving into a property. The Royal Institute of Chartered Surveyors (RICS) found through research that 17% of these cases ended up paying more that £12,000 on average.
Surveys can be used to renegotiate property prices
Some defects highlighted in a survey can be very costly. This can be taken into consideration when renegotiating the purchase price. On the other hand, defects can be raised to the seller, and you may be able to request these issues be rectified before the purchase is complete.