A surveyor may be asked to provide a valuation report on behalf of a lender.

This valuation is based on issues that might affect a property’s price, including transport links, school catchment, local environment and flood areas. The valuation will also include a physical inspection.

A surveyor’s valuation differs from an estate agent’s market appraisal; the latter is based on the agent’s assessment of what the property might fetch in the local market.

Post Author: Frances Traynor