Home Buyer Report Validity
The RICS approved Home Buyer Report system is something widely regarded as, on the whole, bringing exceptional value to all parties within the property market. It gives a clear, objective account of the structural qualities of a building. This provides both the buyer and the seller with a reliable guide in determining what could be considered as a reasonable and fair price.
For several years we’ve been the leading name for clients looking for a Home Buyer Report in Reading. As a result of this we’re delighted to say that we’ve become the first choice for people wanting to ask questions about them.
We’re always happy to give help and guidance whenever we can, sharing our knowledge to the benefit of our clients. In this respect there are one or two questions which come up on a fairly frequent basis. To help we thought we’d look at one of the most common queries here.
It is with confidence that we’d say the leading query about RICS Home Buyer Reports is about how long they are valid for. Whilst we can’t give a specific date answer to this question in terms of to and from times, we can all the same provide a very clear answer.
Firstly, in terms of when a Home Buyer Report would initially be valid the RICS guidelines are very clear. In order to ensure the information is as relevant as possible the reports should not be more than 12 weeks old at the first instance of a property being listed for sale.
The question of how long the report is valid after the property has been listed for sale is impossible to answer in a general way. What the document stated about the structural condition of the property is key to understanding this.
Should the report have found all to be fine then it’s likely it could be viewed as valid for a fairly reasonable period. If it indicated areas of concern, then further deterioration or measures taken to address problems could be expected. As a result a more up to date inspection may be needed.
We trust that you have found this information to be useful and interesting. As part of our work in as the leading RICS format Home Buyers Report provider in Reading we can always be relied upon to answer all questions, making sure you get the most beneficial service possible.
