Whether you’re planning to buy or sell, or even refinance a residential property, a property valuation could benefit you in may ways. At Property Surveys, based in Sandbach, Cheshire, we specialise in providing professional property valuations. Helping homeowners and homebuyers to make informed decisions.

What is a Property Valuation?

A property valuation is an expert assessment of a property’s market value. Our property valuations are carried out by our RICS-qualified surveyors, ensuring that you get an accurate and professional report. It takes into account various factors such as location, property size, condition, and current market trends. In Cheshire’s dynamic housing market, keeping it up-to-date ensures you understand the true worth of your residential property.

Why is a Property Valuation Important?

Accurate Pricing When Selling

If you’re selling your home, an accurate valuation helps you set the right asking price. Overpricing could put off potential buyers, while underpricing may result in a financial loss. A residential valuation ensures your property is priced competitively, attracting serious buyers while ensuring you get a fair price for your house.

Confidence When Buying

When purchasing a property, a valuation helps ensure you’re not overpaying. It provides a clear understanding of the property’s market value, which can be used in negotiations. This is especially useful in competitive areas like Cheshire, where property prices in desirable areas such as Sandbach, Homles Chapel, Middlewich and Winsford.

Essential for Mortgage Applications

Lenders often require a property valuation to ensure the property is worth the amount they’re lending. Having a valuation done by a trusted surveyor, like our RICS-registered team, provides credibility. As well as ensuring that the process moves smoothly, especially if you’re remortgaging.

Tax and Legal Purposes

Property valuations are necessary for tax purposes, such as inheritance tax, and capital gains tax. Or for resolving legal matters like divorce settlements. In these situations, an accurate valuation ensures fair and transparent outcomes.

Understanding Equity for Refinancing

If you’re considering refinancing your home, knowing your property’s current market value helps determine how much equity you have. This allows you to secure better loan terms and explore financial opportunities like home improvements or debt consolidation.

Frequently Asked Questions About Property Valuations

How is a property valuation different from an estate agent’s appraisal?

An estate agent’s appraisal is often focused on a suggested sale price and may take into account market conditions and potential profit. A property valuation, however, is carried out by a professional surveyor and provides an unbiased, evidence-based assessment of the property’s actual value.

How long does it take?

A typical valuation can take anywhere from 30 minutes to a few hours, depending on the size and condition of the property. The report is usually completed within a few working days, giving you a clear picture of your home’s worth.

What factors are considered during a property valuation?

Surveyors consider multiple factors, including the property’s location, size, condition, age, and any recent improvements or extensions. They also take into account local market trends and comparable property sales in the area.

How often should I get a property valuation?

It’s recommended to get a valuation every 12 months, especially if you’re planning to sell or refinance. However, if there have been significant changes in the property market or your home’s condition, it’s wise to have it valued sooner.

Is a property valuation the same as a survey?

No. While a valuation determines the market value of a property, a survey assesses the condition of the building. If you’re buying a home, it’s advisable to get both a valuation and a survey to fully understand its financial worth and structural integrity.

Why Choose Property Surveys in Cheshire?

At Property Surveys, we pride ourselves on offering expert residential property valuations that are tailored to the local Cheshire market. Our RICS-registered surveyors are experienced in providing precise and reliable reports. This gives you the confidence you need whether you’re buying, selling, or managing your property.

If you’re ready to get your property professionally valued, contact us today to book an appointment!