Get an accurate market valuation to buy a London home with confidence
Buying a home in London requires a decades-long financial commitment, making it crucial to determine a property’s accurate value before making an offer. Instead of trying to confirm a home’s value using unreliable online tools or by comparing it to similar-sized, local houses, let our RICS registered valuers provide an accurate market valuation.
What is a market valuation?
A market valuation, otherwise known as a house or property valuation, is an estimate of a property’s true value in the current market. Highly trained RICS registered valuers perform an inspection of the entire home while following strict guidelines to calculate an accurate figure.
Market valuation reports briefly detail a home’s overall condition and also describe its size and location. The property’s price is based on factors including:
- Condition and defects
- Proximity to public transport
- Quality of fixtures and fittings
- Outside space
Unlike our building survey and the RICS HomeBuyer Report, house valuations don’t explain defects or provide a cost estimate for any required repairs. Contact one of our qualified RICS surveyors if you need an in-depth report on a property’s condition.
Why are market valuations for London homes beneficial?
Obtaining a property valuation report from a chartered surveyor allows you to:
- Understand Whether the Agreed Purchase Price is Accurate
You don’t need to risk purchasing an overvalued home when you can obtain an accurate and up-to-date market valuation report.
- Negotiate a More Favourable Price
You may be able to reduce the property’s asking price significantly using an independently obtained market valuation report.
- Decide Whether the Home is Suitable for Your Family
While a market valuation doesn’t offer recommendations or a cost estimate for repairs, it does briefly highlight urgent defects. Learn more about building surveys if you want to gauge the property’s condition.