This is simply an opinion of the Market Value of the property at the date of inspection and may be required for various different purposes. The most common example is a mortgage valuation. Your mortgage company will arrange for a valuation to be carried out, normally at your expense.
Why a Valuation Survey?
The purpose of this is simply to advise the Bank or Building Society if the property is worth the price that you have agreed to pay in order to secure their lending against it. Its purpose is not to provide you with any detailed information about the condition of the property, although further reports on structural defects, dampness or general repairs may be called for by the valuer before release of mortgage funds is recommended.
We can also undertake valuations for probate or matrimonial proceedings, and are also on the panels of several of the leading mortgage lenders.