If you are a buyer contemplating a purchase, you should always take advice when buying something expensive.
If you are buying a home with the assistance of a mortgage, the lender will most probably obtain a valuation report to confirm that the property has reasonable security for a loan.
Although that valuation will be carried out by a qualified valuer and is often paid by you, the verifier is usually intended to satisfy the requirements of the lender and not you, the buyer.
The valuation will provide brief details based on a limited inspection and if you receive a copy of it, the detail is not sufficient to provide you with enough information to base a decision to proceed with a purchase.
A prospective buyer should therefore commission their own report which will cover in more detail areas not included in the valuation.
This entry was posted Friday, 16 July, 2010 at 12:46 pm You can follow any responses to this entry via RSS. Both comments and trackbacks are currently closed.