Quite simply, you cannot buy a property without taking proper independent advice about its condition. The Council of Mortgage Lenders, Which? Magazine and all Solicitors recommend that you at least have a Housebuyers Report or its equivalent. The mortgage lender may undertake a quick valuation, but this is for their use only in making sure that they dont lend more than the property is worth. This is not a detailed report on the condition of the property and often only takes 20 mins. Our reports have saved our clients thousands of pounds by identifying defects that a mortgage valuation simply would not address and have enabled our clients to re negotiate the price.
Recent research by RICS shows that around 25% of buyers who relied on just a mortgage valuation, had to make unplanned repairs to their property after purchase of around £2,000. This can be easily avoided by having a proper condition survey.
If you are looking to buy a property at auction we can undertake a survey and valuation, often at short notice, to tell you how much to bid and ascertain the true condition of the property.
We offer a full range of property surveys across Nottinghamshire including:
This is our most popular and cost effective condition survey and is suitable for most properties. It is a detailed inspection and report on a property's true condition looking at all accessible areas with appropriate advice about what to do next. The report is written in a clear and easy to understand way and will give you all the information that you need as a purchaser to buy your property with confidence. You also get our independent opinion of the value, the insurance rebuilding cost and a section highlighting legal issues to your legal advisor.
Click to view an example Housebuyers Report
This is our most in depth building condition survey and is suitable for older or larger properties or where renovations/alterations are planned. The Full Structural/Building Survey report is tailored to the clients specific requirements and our advice is illustrated by photos amongst the text to give you a better understanding of what is being discussed. The report has more technical information than a Housebuyers Report on the steps required to repair any defects that we find, details about possible concealed defects, the performance of materials and ongoing maintenance advice.
Click to view an example Building Survey
If you are wishing to sell your property in this difficult market, it is beneficial to know that your property is free from significant defects, or know what any problems are before your buyer has their survey. We can undertake a detailed Sellers Survey and Valuation for you before marketing to identify any areas of concern that would show up on a buyers survey. This could save you time, expense and trouble later on when you find a buyer preventing a future sale falling through. It will also protect you from "Gazundering" when a purchaser tries to renegotiate citing their Surveyors report as the reason.
We will tell you what a mortgage Surveyor acting for a Bank or Building Society would value the property at, identify any legal issues and identify what repairs if any, that they would recommend are needed to your home. You will then be able to put right any problems before you market your property avoiding complications or buyers pulling out later on. The report can be shown to any potential purchaser which should give them the confidence to make an offer.
Click to view an example Sellers Survey
Are you concerned about a defect with your property? We can provide an impartial, factual report on the cause of the defect and provide advice on the appropriate repair work needed to enable you to put it right. We can also provide a list of reliable local contractors. Please note that we do not inspect structural movement identified in a mortgage valuation report.
