An Open Market Valuation is undertaken by a RICS (Royal Institute of Chartered Surveyors) Registered Valuer, for the benefit of the buyer to ensure the property is worth the money they are spending. However, this is a valuation report; it is not a report on the condition of the property.
Many of our clients request an Open Market Valuation for the following reasons:
- Capital gains purposes
- Probate or deceased estate purposes
- Matrimonial disputes with shared equity purposes
We access and inspect every property we value.
Be warned: Other surveyors often do “drive buy” or “desk top” valuations without actually inspecting the property.