Homebuyers Survey & Valuation Report
Our Homebuyers report are a more economic snapshot outlining the property’s overall condition and visible defects.It comprises an inspection of those parts of the property which are readily and safely accessible; in other words visible and readily available for examination from ground and upper floor levels without risk of causing damage to the property or injury to the surveyor. It also makes reference to energy performance.
The RICS surveyor’s main objective when providing a Homebuyers report is to give clients considering buying a particular property, the professional advice which will assist them:
- to make a reasoned and informed judgement on whether or not to proceed with the purchase.
- to assess whether or not the property is a reasonable purchase at the agreed price.
- to be clear what decisions and actions should be taken before contracts are exchanged.
The Homebuyer service therefore provides a snapshot of the general condition of the property and particular features which affect its present value and may affect its future re-sale. The report focuses on what the surveyor judges to be urgent or significant matters. Significant matters are those which are taken into account in negotiating a purchase price.
The reports are drawn up using specialist software and are therefore a more economical report than the building survey. They usually run to about 12 pages.