We undertake two main types of survey for a prospective purchaser, before the contract purchase price is finalised and contracts exchanged. These are:
- A HomeBuyer Survey
- A Building Survey
Both are based on a visual inspection only, ie. floor coverings and floorboards are not lifted for instance. We do not provide a valuation.
The third inspection often referred to as a Valuation Survey is usually commissioned by the Lender, (mortgage provider). However, it only confirms whether the price being paid is reasonable so far as the lender is concerned. It does not comment on general defects and maintenance issues unless they are significant enough to materially alter the value of the property. It should not be relied upon as a ‘Survey’.