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How does a RIC's valuer value your home for selling purposes?

Hi, I'm selling my home to a property buying company they have arranged for a RIC's valuer to value my home. How do they come to a value?

Asked on Oct 5 2010, General in Heywood | Report content

Answers (3)

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  • The RICS website will give you lots of info but the valuer will value on the basis of Market Value and will use sales evidence of similar houses in your locality. A property buying company will normally offer around 40% less. Use the sold prices link above to find out what similar houses have sold for in your area.

    Answered on Oct 5 2010, Report content
  • They will use at least 3 comparable property which have recently sold in your area which are the same of similar property to yours and base their value on what these property sold for.

    Answered on Oct 7 2010, Report content
  • You can all the info you need on house valuation and surveys at the link below

    Web reference: http://surveyorssupermarket.com/

    Answered on Oct 16 2010, Report content

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