Giving Potential Buyers Accurate Information
2015 has so far seen the strongest activity on record for mortgage valuations since 2007. The property market has seen an increase in the valuation activity of established homemovers as well as first time buyers. Many property owners with a mortgage that seemed competitive a few years ago have found it may be in their interests to refinance, and this recalibration of the mortgage market along with a rejuvenated property purchase market has led to significant growth in the valuation sector.
Mortgage valuations are essential when it comes to buying property as they offer beneficial insights. A property valuation is specifically for the benefit of the lender whereas a homebuyer’s report is designed for the person interested in purchasing the property. It is important to consult reputable chartered surveyors to be sure of a clear and thorough assessment.
Mortgages are commissioned by lenders and the purpose of a valuation is to assess the condition of a property to make sure its value is equal to the loan amount. A mortgage survey covers only this aspect and does not highlight any information about any structural flaws that may be present.
Before you make a monumental financial investment like buying a house, it is crucial to find out everything you can about the property’s condition. A homebuyer’s report is there to assist prospective buyers with an accurate assessment and to help them avoid paying more than they should. In addition to our valuations, we also deliver an estimate of market value that is based on our results as opposed to the agent’s asking price. The homebuyer’s report includes an inspection of the visible parts, required repairs and degree of their urgency, legal matters, any need for specialist reports and insurance rebuilding costs.
As real estate is such an important outlay we offer the highest quality surveys and services. We ensure you are fully informed of the current condition of a property and help you avoid repairs, replacements and expense further down the line. If you are considering buying a new property and need a home buyer report in Slough, call us to arrange an appointment.
