When buying a property, understanding the distinction between a mortgage valuation and a home survey is essential. While both are commonly part of the purchase process, they serve very different purposes—and confusion between the two can lead to costly oversights.
In order for us to provide a detailed quotation, we require some basic information about the property being purchased to enable us to assess the necessary time required to inspect the property and produce the survey report. In general, the property sales details or brochure will usually suffice,
The Royal Institution of Chartered Surveyors (RICS) is a global professional body that sets and enforces standards for the valuation, management and development of land, real estate, construction and infrastructure. RICS was founded in London in 1868 as the Institution of Surveyors, after a meeting of 49 surveyors
If the vendor (seller of the property) is at home when the surveyor inspects then we are likely to ask questions about the property to understand factors that may not be easily determined from a visual inspection, or to save time and make the inspection more efficient. Typical
Once we have been instructed to carry out a survey, we will contact the selling agent or vendor to arrange a date to inspect the subject property (at the earliest opportunity). Our terms of engagement are then sent to the client for reviewing and signing. Payment for the
