Shared Ownership Valuation

Valuations for homeowners wanting to sell a shared ownership property or increase the percentage that they own (stair-casing). 

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

Shared Ownership Valuation

 

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 selling a shared ownership home or stair casing, where you want to buy a further percentage of your home from the Housing Association.

We assess all kinds of residential property including houses, bungalows and flats, including those of non-standard construction to provide our considered opinion of its value. 

We will provide a detailed, evidence based report that provides our opinion of the value of the property in question that can be addressed to you or your housing association as required.

Many shared ownership scheme leases require the seller to seek an independent shared equity valuation when they want to move on and even if it isn’t a term of your lease, getting a valuation will give you essential information about the current market value of your home giving you the best chance of receiving a fair sale price.

 

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 when you receive your report.

To get a quote or discuss your valuation

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Frequently asked questions about Shared Ownership Home Valuations

  • How much does a Shared Ownership valuation cost?

    You can expect to pay between £600 and £900 plus 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.

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  • 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 shared ownership 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 Shared Ownership 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.

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