Survey

I NEED A RICS HOMEBUYER REPORT

We will be delighted to refer you to the services of a professional surveyor firm

We have negotiated excellent value RICS HomeBuyer Report rates via a professional surveyor firm

WHY HAVE A PRIVATE PROFESSIONAL SURVEY

The purchase of your own home is generally regarded as the biggest financial outlay you will ever make

Most mortgage lenders will insist on at least a basic valuation before allowing your purchase to proceed

However this valuation provides little more than to advise the lender of the basic condition of the property and that it is a worthwhile mortgage risk

If you are buying for cash a survey is essential to ensure that your purchase is sound

Intelligent home buyers therefore realise that it is important to commission a professional survey to advise as to whether the property is free from significant defect and associated expense

Money wisely spent on a professional survey can often save the need to spend thousands on repairs or replacements

In the event of essential repairs being found, your survey report could also be a useful negotiating tool to further reduce the price you pay for your next home

If no significant repairs or expenditure are required then at least you have peace of mind

Remember it is too late to re-negotiate the sale price once you have exchanged contracts or moved in

When buying a home you should never rely solely on a mortgage valuation.  Most lenders themselves state, within their terms and conditions, that this should not be done

The section to the right allows you to consider the benefits of each type of professional survey and which type would best suit your needs 

RICS HOMEBUYERS REPORT

The RICS Homebuyers survey is designed specifically as an economy professional survey and is a cost-effective way to minimise risk.

The report focuses on essential defects and problems, which are urgent or significant and have an effect on the value of the property.  This report is more detailed than a basic valuation and comes in a standard format which is easily understood and divides the report into different sections i.e.. walls, roof, gutters etc.

The surveyors main objective in providing the service is to assist the prospective home buyer to:-

• Make a reasoned and informed judgement on whether or not to proceed with the purchase
• Assess whether or not the property is a reasonable purchase at the agreed price
• Be clear about what decisions and actions should be taken before contracts are exchanged; in particular, features of the property which affect its present value and may affect its future resale
• The report covers the building inside and outside, the services and the site. It focuses on the defects and other problems which in the judgement of the Surveyor are urgent or significant, but it also covers:-
• The general condition and particular features of the property
• Particular points which should be referred to the client’s legal advisers
• Other relevant considerations concerning, for example, safety, location, the environment or perhaps insurance

Matters which are judged not to be urgent or not significant, are in general not included in the report, but the surveyor will mention matters judged to be both helpful and constructive

The surveyor will usually be happy to personally discuss with you any aspect of the report which causes you concern and will answer any questions you may have

To arrange a referral to a professional survey firm contact us at

6 Jubilee House, York Road, Hartlepool, TS26 9EN

Telephone: 01429 860806

E-Mail: survey@dowen.co.uk

Please note that if you decide to proceed with engaging the services of a surveyor firm referred to you by Dowen, they will forward you a copy of their Terms and Conditions

Your client relationship will be with that surveyor firm and not Dowen Estate Agents, who are simply providing a referral service