Goadsby Knowledge Hub

Do you need estate agency advice or a valuation?

Updated: 10 January 2020

Advice

 

An Estate Agent will give a price they anticipate a buyer would pay for your property given current market conditions. This is not an exact science and therefore established local agents who know the market – are worth their weight in gold.

 

Valuation

A valuation uses evidence of transactions completed in the market place and these must be comparable to the subject property and recent.

A valuation is inherently a complex business. There are 5 official methods alone and RICS’ Red Book sets out the standards as to how the valuation must be performed.

A valuation can be used for Inheritance tax purposes, a Company’s accounts as an asset valuation and for bank lending purposes for mortgages and/or development loans.

 

Goadsby offer both services and hopefully this article helps distinguish between the two services.

Categories:

Commercial

Tags:

Paul Stewart , Property

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