Help to Buy Valuation in AB13 0

A Help to Buy valuation is a market valuation carried out by a RICS registered surveyor to determine the current open market value of your property. Our surveyor will inspect the property, measure the floor area, note the construction, layout, and condition, and research comparable sales in the local area. The report must include at least three comparable properties sold within the last 12 months to support the valuation figure. In the AB13 0 area, we draw on our extensive database of the 904 properties sold in the last year to find appropriate comparables for your property.

Help to Buy valuations typically range between £200 and £600 depending on property type and size. A one-bedroom flat will generally cost less to assess than a four-bedroom detached house. The number of bedrooms also influences the cost. In the AB13 0 area, with predominantly detached properties averaging £523,290, most valuations will fall towards the middle to upper end of this range. We provide competitive pricing with no hidden fees, and all quotes include VAT where applicable.

Only a RICS qualified and registered surveyor can provide a valid Help to Buy valuation. The surveyor must be independent of any estate agent and not related or known to the client. They must provide a report on headed paper, signed and dated, addressed to Homes England. Using a non-RICS valuer or estate agent appraisal will not meet the requirements. Our team of independent RICS registered surveyors in Aberdeen are fully qualified to provide valuations throughout the AB13 0 area and meet all Homes England requirements.

The valuation report is valid for three months from the date it was produced. If your property sale has not completed within this period, your RICS surveyor can provide a desktop valuation letter to extend the validity by a further three months. This extension is typically provided at no extra cost, but you should check with your surveyor. This is particularly relevant in the current market where transaction times can be longer due to demand on conveyancing services.

If your property is worth less than when you purchased it through Help to Buy, your equity loan repayment will be based on the current lower market value. In the AB13 area, prices are currently around 20% below the 2020 peak, which means some property owners may find their property has decreased in value since purchase. Our valuation will accurately reflect the current market conditions in Milltimber and the wider AB13 0 area. The good news is that with the market showing signs of stability and 0.5% annual growth, the downward trend may be bottoming out.

While it is helpful if you can be present to provide access to all areas of the property, it is not strictly necessary. You can arrange for a trusted person to be present, such as a family member, neighbour, or letting agent. The surveyor will need access to all rooms, the loft space if accessible, and the exterior of the property. We recommend ensuring that all areas are accessible and that any pets are secured before the inspection appointment.

From booking the inspection to receiving your final report, the process typically takes between five and seven working days. The physical inspection itself usually takes between 30 and 60 minutes depending on the size and complexity of your property. After the inspection, our surveyor conducts the market research and prepares the valuation report. If you need your report urgently, please let us know when booking and we will do our best to accommodate your timeline.

Your valuation report will include the completed RICS valuation form addressed to Homes England, detailed market commentary explaining our valuation, at least three comparable properties with their sale prices, photographs of your property, and the surveyor's professional opinion of market value. The report is provided as a non-editable PDF document that meets all Homes England requirements. We will also provide you with guidance on next steps and who to send the report to.