Property valuation - Revision history

Designing Buildings: Reverted edits by 90.255.66.111 (talk) to last revision by Editor

2021-03-01T06:59:37Z

Reverted edits by 90.255.66.111 (talk) to last revision by Editor

← Older revision		Revision as of 06:59, 1 March 2021
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−	A property valuation is an inspection carried out to help determine the current market value of a property..	+	A property valuation is an inspection carried out to help determine the current market value of a property.

	It is usually undertaken by an estate agent or an independent [[What_is_a_valuer%3F\|valuer]], typically acting on the instructions of the vendor or a lending institution who are considering funding its purchase. Buyers may also request a property valuation if they are considering purchasing a property, in addition to structural surveys that assess its physical condition.		It is usually undertaken by an estate agent or an independent [[What_is_a_valuer%3F\|valuer]], typically acting on the instructions of the vendor or a lending institution who are considering funding its purchase. Buyers may also request a property valuation if they are considering purchasing a property, in addition to structural surveys that assess its physical condition.
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	* What is a valuer?		* What is a valuer?

−	~~[[Category:Articles_needing_more_work]]~~ [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]

90.255.66.111 at 22:04, 28 February 2021

2021-02-28T22:04:33Z

← Older revision		Revision as of 22:04, 28 February 2021
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−	A property valuation is an inspection carried out to help determine the current market value of a property.	+	A property valuation is an inspection carried out to help determine the current market value of a property..

	It is usually undertaken by an estate agent or an independent [[What_is_a_valuer%3F\|valuer]], typically acting on the instructions of the vendor or a lending institution who are considering funding its purchase. Buyers may also request a property valuation if they are considering purchasing a property, in addition to structural surveys that assess its physical condition.		It is usually undertaken by an estate agent or an independent [[What_is_a_valuer%3F\|valuer]], typically acting on the instructions of the vendor or a lending institution who are considering funding its purchase. Buyers may also request a property valuation if they are considering purchasing a property, in addition to structural surveys that assess its physical condition.
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	* What is a valuer?		* What is a valuer?

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]	+	[[Category:Articles_needing_more_work]] [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]

Editor: Reverted edits by 119.152.156.246 (talk) to last revision by Editor

2021-02-10T16:18:56Z

Reverted edits by 119.152.156.246 (talk) to last revision by Editor

← Older revision		Revision as of 16:18, 10 February 2021
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	Before providing a mortgage or refinancing, a lending institution (such as a bank) may request a valuation to ensure the loan can be covered by the security value of the property. This is gives them with the confidence to lend the capital, knowing that if the mortgage goes unpaid, they can recover any outstanding amount by re-selling the property.		Before providing a mortgage or refinancing, a lending institution (such as a bank) may request a valuation to ensure the loan can be covered by the security value of the property. This is gives them with the confidence to lend the capital, knowing that if the mortgage goes unpaid, they can recover any outstanding amount by re-selling the property.

−	Preferred licensed property valuers tend to be used by lending institutions. ~~[https://blackstoneestateagent.co.uk/~~ Estate agents] tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.	+	Preferred licensed property valuers tend to be used by lending institutions. Estate agents tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.

	It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings, and so on.		It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings, and so on.

119.152.156.246 at 13:48, 10 February 2021

2021-02-10T13:48:39Z

← Older revision		Revision as of 13:48, 10 February 2021
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	Before providing a mortgage or refinancing, a lending institution (such as a bank) may request a valuation to ensure the loan can be covered by the security value of the property. This is gives them with the confidence to lend the capital, knowing that if the mortgage goes unpaid, they can recover any outstanding amount by re-selling the property.		Before providing a mortgage or refinancing, a lending institution (such as a bank) may request a valuation to ensure the loan can be covered by the security value of the property. This is gives them with the confidence to lend the capital, knowing that if the mortgage goes unpaid, they can recover any outstanding amount by re-selling the property.

−	Preferred licensed property valuers tend to be used by lending institutions. Estate agents tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.	+	Preferred licensed property valuers tend to be used by lending institutions. [https://blackstoneestateagent.co.uk/ Estate agents] tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.

	It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings, and so on.		It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings, and so on.

Editor at 16:38, 23 October 2020

2020-10-23T16:38:27Z

← Older revision		Revision as of 16:38, 23 October 2020
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	* Caveat emptor.		* Caveat emptor.
		+	* Condition Report.
	* Difference between existing use value and market value.		* Difference between existing use value and market value.
	* Estate agent.		* Estate agent.

Designing Buildings at 08:08, 16 October 2020

2020-10-16T08:08:36Z

← Older revision		Revision as of 08:08, 16 October 2020
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	* What is a valuer?		* What is a valuer?

−	[[Category:~~Publications_/_reports~~]] [[Category:~~Standards_/_measurements~~]] [[Category:DCN_Standard]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Standard]] [[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]

Editor at 17:00, 19 November 2019

2019-11-19T17:00:41Z

← Older revision		Revision as of 17:00, 19 November 2019
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	* Land Registry.		* Land Registry.
	* Property development finance.		* Property development finance.
		+	* Property market.
	* Reservation agreement.		* Reservation agreement.
	* Residual valuation of land.		* Residual valuation of land.
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	* What is a valuer?		* What is a valuer?

−	[[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]	+	[[Category:Publications_/_reports]] [[Category:Standards_/_measurements]] [[Category:DCN_Standard]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Roles_/_services]]

Designing Buildings at 11:48, 11 June 2019

2019-06-11T11:48:44Z

← Older revision		Revision as of 11:48, 11 June 2019
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	Valuers also refer to data provided by the Land Registry, which updates house prices across different areas on a monthly basis.		Valuers also refer to data provided by the Land Registry, which updates house prices across different areas on a monthly basis.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Caveat emptor.		* Caveat emptor.
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	* Existing use value.		* Existing use value.
	* Funding options.		* Funding options.
		+	* Gross development value.
	* Homebuyer Report.		* Homebuyer Report.
	* Investment Property Databank (IPD).		* Investment Property Databank (IPD).

Editor at 12:29, 15 May 2018

2018-05-15T12:29:49Z

← Older revision		Revision as of 12:29, 15 May 2018
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	Preferred licensed property valuers tend to be used by lending institutions. Estate agents tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.		Preferred licensed property valuers tend to be used by lending institutions. Estate agents tend to conduct property valuations for sellers of the property. The valuation provided by an estate agent and that provided by a licensed valuer may be different. This is because estate agents are working for the vendor (i.e. the seller), and receive commission based on the price that the property is sold at. They may, therefore, be more optimistic in their assessment of the property’s worth than a licensed valuer who is legally responsible for the information provided by them, so must produce their valuation based on facts and accurate up-to-date data.

−	It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings and so on.	+	It is important that sellers ensure the property is in as clean and tidy a condition as possible prior to the valuation, as this can have an impact, as can the state and style of decorations, furnishings, and so on.

	A property valuation is typically produced as a report and, in addition to photographs and plans, may contain the following information:		A property valuation is typically produced as a report and, in addition to photographs and plans, may contain the following information:
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	* Funding options.		* Funding options.
	* Homebuyer Report.		* Homebuyer Report.
		+	* Investment Property Databank (IPD).
	* Land Registry.		* Land Registry.
	* Property development finance.		* Property development finance.

Editor at 15:36, 4 May 2018

2018-05-04T15:36:00Z

← Older revision		Revision as of 15:36, 4 May 2018
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	* Caveat emptor.		* Caveat emptor.
		+	* Difference between existing use value and market value.
	* Estate agent.		* Estate agent.
		+	* Existing use value.
	* Funding options.		* Funding options.
	* Homebuyer Report.		* Homebuyer Report.