An Independent Valuation Report is a legal and professional assessment of the price of a property.
It is conducted by a neutral party who is a qualified RICS Chartered Surveyor who has no interest in the property being assessed.
Why would I need an Independent Valuation Report?
There are many reasons why you might need an Independent Valuation Report, including:
- To help you decide whether to buy or sell a property
- To provide evidence of the value of your property for legal purposes, such as divorce or probate
- To apply for a government grant such as Help to Buy
An Independent Valuation Report is not a Survey. A detailed Home Survey Report will provide you with more detailed information about the condition of the property, including any potential defects.
A valuation provides only the current Market Value of the property.
What does an Independent Valuation Report include?
An Independent Valuation Report will typically include the following information:
- The property's address
- The property's description
- The property's market value
