You should choose a RICS Home Survey Report if you would like more extensive information when buying a conventional house, flat or bungalow, which is built from common building materials and is in reasonable condition, and you would like information and advice on construction, condition and repairs.
A RICS Home Survey Report will cost more than some other types of survey, such as a RICS Condition Report, but it will give you more detail on the state and condition of the property, which you’ll find of great value when assessing if it’s the right property for you.
Let us provide you with one of our detailed RICS Home Survey Reports.
Losing a loved one is an incredibly difficult time, and we understand that dealing with legal and financial matters can feel overwhelming. At Aspire Surveyors, we provide empathetic, expert guidance to help you navigate the property valuation process with confidence and ease.
Why Do You Need a Probate Valuation?
When someone passes away, their estate must be formally assessed. A probate valuation is a legal requirement used to determine the Market Value of a property on the specific date of the owner's death. This is essential for several reasons:
● Inheritance Tax (IHT) Assessment: HMRC requires an accurate valuation to calculate if any tax is due from the estate.
● Legal Compliance: The Probate Registry requires professional figures to issue a Grant of Representation.
● Fair Distribution: It ensures assets are divided accurately among beneficiaries in accordance with the deceased's will or the Rules of Intestacy.
The Importance of RICS Regulation
It is highly recommended to use an RICS-regulated chartered surveyor rather than a standard estate agent. HMRC often scrutinises valuations; if it believes a property has been undervalued, it can impose significant financial penalties on the estate.
As RICS Registered Valuers, we adhere to the "Red Book" global standards, ensuring our reports are:
● Independent & Impartial: We have no financial interest in the sale of the property.
● Evidence-Based: We use local market data and professional expertise to provide a robust figure that HMRC is more likely to accept.
● Retrospective: We can accurately calculate the value as of a past date, even if the valuation occurs months or even years later.
Our Approach at Aspire Surveyors
We strive to make this process as hassle-free as possible. We have extensive local knowledge of areas throughout the North West region, providing you with the best possible advice.
Probate Valuation Fixed Fee - £300 inc VAT for properties under £500,000 (if over please contact us for a quote.)
A home is the most expensive purchase most people ever make. As a home owner you will benefit from expert advice on the condition of your property – whether you plan to live in it, rent it out or sell it.
In a RICS Home Survey a RICS professional conducts an in-depth visual inspection of the property. A RICS Home Survey Report provides an expert account of the property’s condition and highlights any problems in clear and easy to understand ‘traffic light’ ratings.
At Aspire Surveyors we believe that you deserve the best of both worlds and that’s why we are delighted to be able to offer you RICS Surveyors across the North West.
With our extensive network of RICS surveyors we are able to deliver quality local expertise in a short period of time.
