Pre-purchase valuation

A valuation that will help you understand how much a property you intend to buy is actually worth ahead of completing the purchase.  

The expert knowledge you need with the personal service you expect.

Pre-purchase valuations

 

What do we do? 

Our Chartered Surveyors determine the value of a site or building in the current market place in accordance with the RICS Red book standards for the purpose of understanding how much a property you intend to buy is actually worth ahead of completing the purchase.  

We will provide a detailed, evidence based report that provides our opinion of the value of the property in question and our aim is to assist you in making an informed financial decision relating to your property. Our valuation will give you essential information that gives you the best chance of paying a fair purchase price for your home or property. 

We can also provide a loan security or mortgage valuation on behalf of your lender should you need to secure finance to make the purchase.

 

Turnaround

We aim to turn reports around within five to seven days of inspection and you will be able to talk directly to the surveyor working on your behalf should you have any questions. 

To get a quote or discuss your valuation

CONTACT US

Frequently asked questions about pre-purchase valuations

  • How much does a pre-purchase valuation cost?

    You can expect to pay between £600 and £1200 + VAT for a straight forward residential valuation but larger or more complex properties will be more costly.

    The exact cost will depend on a number of factors including the size, location and age of the property. Desktop valuation updates will usually cost up to £600 + VAT. See our desktop valuation FAQ for more info on this.

    The prices above are indicative only. We cannot give you an exact quote until you have confirmed the property address as every property is different. The professional fees payable will always reflect the particular requirements of your property and the time which it is anticipated will be devoted to the matter. 

    Get a quote 

  • Can you conduct a desktop valuation?

    Desktop valuations, where an opinion of value is reached without an inspection of the property, are not RICS Red Book compliant and as such we don’t conduct them.

    We do however conduct desktop valuation updates. These desktop valuation updates are only suitable if we have visited the property on your behalf before, no significant alterations have been made, or the time elapsed since the inspection was conducted isn’t too great.

    Desktop valuation updates are commonly used when the validity of the original valuation has expired (usually after three months of valuation date) and a retype is requested to state that the original value is still correct and the market has not significantly changed.

     

  • What is covered in a pre-purchase valuation?

    • Initial advice in respect of the valuation requested
    • Inspection of the property
    • Reporting the Market Value at the applicable valuation date
    • Comparable sales of similar properties that have sold locally to provide supporting evidence that the value is realistic.
    • Consultation prior & post valuation to ensure any specific concerns you have are considered
  • Why do valuations differ between surveyors?

    Registered Valuers may provide varying opinions of value because a valuation is an evidence based opinion with an element of subjectivity.

    When disagreements in value occur, courts are asked to decide if a value is correct. Provided the valuation has been conducted in accordance with the RICS red Book (where best practice guidelines are set out by the regulatory body for Chartered Surveyors) an opinion of value cannot be ‘wrong’, as long as it is within reasonable tolerances of the court’s opinion of value. This tolerance is usually up to 10% over or under the original valuation.

    Consumers should instruct a Chartered Surveyor, via the RICS find a surveyor service to find a surveyor with local market knowledge and adequate professional indemnity insurance to provide the confidence that the opinion of value can be relied upon subject to any qualifications in the valuation document.

    Kempton Carr Croft is a RICS regulated firm, has PII insurance cover and all valuations are conducted by qualified RICS registered valuers.

  • Do you conduct pre-purchase valuations in my area?

    Kempton Carr Croft’s Surveyors regularly provide valuations for properties throughout London and the whole of the South East of England. The team works from offices in Basingstoke, Camberley, Gerrards Cross, Maidenhead, London, Reading, Staines and Windsor.

Get in touch

Our friendly and professional team is on hand to answer your queries between 09:00 – 17:30 Monday to Friday.

During this time we aim to get back to you within 24 hours. Enquiries received outside of these hours or on bank holidays will be handled the next working day.

If your query is urgent, please call us for the quickest response on 01628 771221.