Premier Chartered Surveyors London
Thursday 25th May 2017

Aston James Associates - Chartered Surveyors London

Staircasing/Right to Buy Valuations

Specialists in Staircasing Valuations

AJA Staircasing/Right to Buy valuation service provides you with an independent market valuation appraisal of your Shared ownership home for the purpose of buying some or all of the remaining shares.

We meet your Registered Landlords criteria, namely:

  • Registered Valuers with recognised qualification of RICS

  • Our market valuation reports include at least 3 comparable properties with analysis and justification where possible

  • Valuation reports are issued following full external and internal inspections of your home

  • Valuation reports are provided for non-lending purposes

  • The valuation report is valid for 3 months; the validity of the valuation is shown on the report

  • The number of years remaining on the lease will have an influence on opinion of value

In addition because the valuation report is prepared for Staircasing/Right to Buy purposes it will include the following information:

  • Exclude any significant improvements made regarding Staircasing value.

  • The open market valuation will include any improvements made.

  • Local knowledge is imperative when implementing this type of valuation method and it a mandatory requirement of the Royal Institute of Chartered Surveyors (RICS).

Valuation Comparables Approach: The buildings material elements should be similar to that of the subject property; within constraints of available market evidence and geographical location.

Valuation Analysis: Following retrieval of appropriate comparable evidence, analysis should be made. This involves making adjustments in sales figures achieved to capture the differences between comparable and the subject property; those differences are reflected on a percentage basis in comparison to the subject.

Application of these valuation methods can become complex however a Valuer’s appraisal has to take in to consideration a broad range of macro-economic and local-geographic factors to name but a few, to be deemed accurate and trustworthy. It is for these reasons that lending institutions and stakeholders only rely on professionals namely Chartered Surveyors for their opinions of property market value’s.

 

 

Call Us Today for a Quote

0800 035 6473

 

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