Regular articles on industry changes by our team.
The essentials of a survey
Wednesday, July 23, 2014
It's essential to get a survey carried out when you have an offer accepted on a property to find out about the condition of the building and make sure that it's worth the price you have offered.
It can help you negotiate money off if there is costly work that needs to be done and also help you to budget for any future repairs that might be needed.
You will have to pay for a mortgage valuation in order to secure a mortgage offer but this should not be confused with a survey. The mortgage valuation merely confirms to the lender that the property is worth at least what it is lending you – it is not its responsibility to point out any repairs that need doing.
The best way to look at a survey is as an investment, it will give you peace of mind and could help you with negotiation.
AV's has a national network of surveyors who can give you the best advice, if you need advice on what report is best for your needs please give us a call and we will be happy to help.
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