Market valuation, also known as house or property valuation report, is an estimate of the true value of a property on the market. A registered valuer, trained to rigorous RICS standards, will carry out a thorough inspection of the entire property in accordance with strict guidelines, to provide you with an accurate figure.
Market valuation reports briefly describe the overall condition of a home and also explain its size and location. The property’s value is determined by various factors including:
Unlike building surveys and the RICS HomeBuyer Reports, house valuations won’t inform you about defects nor how much it will cost to get them repaired. If you want to know much more about the property’s condition then you will require a qualified RICS surveyor to carry out the inspection.
Property valuation survey reports from a Chartered Surveyor let you:
Note: a market valuation report does not investigate defects or provide estimates for repair costs, or a recommendation for repair.
When purchasing a house in London, be aware of the fact that you are making a long-term financial commitment. Consequently, it is crucial, before you put in an offer, that you are aware of the accurate value of the property you are interested in purchasing—and this is where we can help you. Without wasting your time turning to unreliable online tools or basing your opinion on similar-sized property sales on your road, have an RICS registered valuers provide you with an accurate market valuation.
You may also need: RICS valuation costs, Red Book valuations and our RICS Registered Valuers.
Every report we arrange follows the RICS Red Book: the valuation figure and basis of value (usually Market Value), the evidence and comparable transactions relied on, inspection notes, assumptions and special assumptions, and the valuer’s qualifications and PI cover. That structure is why HMRC, courts, lenders and housing associations accept these reports where estate-agent appraisals are rejected.
Most residential valuation reports are delivered within 3–5 working days of inspection, with urgent instructions accommodated where possible. Fees are fixed in advance — see our RICS valuation cost guide — and cover inspection, research and the formal written report. Tell us the purpose (probate, tax, matrimonial, staircasing, dispute) when you call 0204 579 8270 and we will arrange the right RICS Registered Valuer first time.
