Property Valuation
We provide reports to ascertain the potential open market sale value in accordance with RICS Red Book rules for the purpose of residential property transactions, taxation, probate or matrimonial purposes.
Within our valuation reports is an exceptionally detailed analysis of a wide range of comparable data which ensures the market value we provide is correct. We do not simply look for two or three comparable properties which support a given sale price. We work from scratch with raw data analysis to ensure our estimate reflects what the property would genuinely sell for in the current market.
We regularly undertake these Red Book valuations for the following purposes:-
- Pre-acquisition advice
- Capital Gains Tax
- probate valuation
- matrimonial valuation
- changes to ownership
- advisory.
The RICS Red Book stipulates that the property is to be valued under the definition of Market Value:-
‘The estimated amount for which an asset or liability should exchange on the date of valuation between a willing buyer and willing seller in an arm’s length transaction after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion’.
Caroline, Valuation for Capital Gains Tax
“Philip Smith advised us on a property valuation for CGT which included a number of specific criteria. He demonstrated a highly professional approach throughout coupled with excellent common sense to arrive at a successful conclusion. I would be more than happy to recommend to anyone.”