Why obtain a Surveyor's report?
Any buyer considering a substantial purchase should take advice. In the majority of cases a property is the largest single purchase any of us undertake, and it therefore makes sense to obtain as much information as possible before making a commitment.
When buying a home with the assistance of a mortgage the lender will probably obtain a valuation report to confirm the property offers reasonable security for the loan. That valuation, although carried out by a qualified valuer (and often paid for by the buyer) is intended solely to satisfy the requirements of the lender. It provides brief details based on a limited inspection. Even if a copy of the inspection report is received there is insufficient detail available to provide the buyer with a sound basis upon which to make a decision.
Why use an independent Surveyor?
The valuation report obtained by the mortgage lender may be obtained from an 'in-house' staff valuer, an associated firm of valuers or a corporate organisation. Ian Macklin & Co is an independent company of chartered valuation surveyors, that can act on your behalf to provide a totally impartial report tailored to your specific needs. The details and advice given will allow you to reach a decision, uninfluenced by external considerations.
Points to consider:
1. Is the Surveyor acting for you exclusively
2. Do you wish to chose your own Surveyor
3. Are you confident that your Surveyor is not influenced by external factors
Independent Surveyors will:
1. Agree the cost in advance
2. Agree a timetable
3. Discuss the contents of the report with you after the inspection
4. Take into account alterations that you may be contemplating and tailor the report to your needs
Home buyer report / private survey report:
Ian Macklin & Co is able to provide either the Home Buyer service (in a standard format designed by the Royal Institution of Chartered Surveyors) or a private survey highlighting significant defects and commenting upon items of disrepair. The main differences between the 2 options are summarised below.
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Elements |
HomeBuyer Survey & Valuation |
Building Survey |
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Type of property |
Conventional houses, flats, bungalows etc., in apparently reasonable condition |
Any residential or non-residential property in any condition |
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Type of service |
Economy package/standard format |
Tailor made to client's individual needs |
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Objects of service |
To assist a client to:
(i) make an informed decision about whether to proceed
(ii)decide whether a property is reasonably priced
(iii)assess urgent and siginificant matters before exchanging contracts |
To provide a client with:
(i)assessment of a property's condition/construction
(ii)technical advice on potential/existing problems and on remedial works |
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Special features |
Focus on urgent and significant matters |
Details of construction, materials, defects |
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Valuation |
Integral part of service |
Provided as agreed extra |
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Report format |
Compact, fixed RICS/ISVA format |
Detailed, and in surveyor's own format |
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If you require any further information about the above services then please ring our office, email us or complete the on-line enquiry form
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