Valuation certainly isn’t sexy, it is detailed and methodical and costly but knowing what things are worth is vital in many decision making processes, unfortunately valuations are often required during difficult times in life, divorce, death or for borrowing against but having someone who understands the technical procedures, as well as the personal circumstances can make the situation much easier.

“market value” means “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.”

Clients often ask for a property to be valued when that isn’t really what they want, they want to know how much it will cost to buy, you might think that this is the same thing but an RICS Red Book Valuation is a technical appraisal of an items worth, how to buy something is a matter of negotiation, market knowledge, personal circumstances, we have assisted in the purchase of many off market properties and understand how to approach these situations, we have also completed many Red Book Valuations so if you need help with either just give us a call.