Homebuyer Survey and Valuation
The RICS Homebuyer Survey and Valuation

This is in a standard format and is designed specifically as an economy service. It is intended only for particular types of home: houses, flats and bungalows which are:

• conventional in type and construction
• apparently in reasonable condition

It focuses on essentials: defects and problems which are urgent or significant and thus have an effect on the value of the property. Because of the practical limits on the type of property and of the scope of its coverage, the Homebuyer Service is priced mid-range - more expensive than a Mortgage Valuation, but less than a Building Survey.

The surveyor's main objective in providing the service is to assist the prospective homebuyer to:

• make a reasoned and informed judgement on whether or not to proceed with the purchase
• assess whether or not the property is a reasonable purchase at the agreed price
• be clear what decisions and actions should be taken before contracts are exchanged
  
  

The surveyor also gives his or her professional opinion on the particular features of the property which affect its present value and may affect its future marketability.

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