Valuation & Expert Witness

A detailed valuation can greatly assist in negotiating a fair price leading to purchase or in relation to property disputes.

There are legal requirements to obtain a formal Market Valuation, for Taxation, Asset Transfer and other purposes. If you are seeking to refurbish a single property or undertake a complex property development, our detailed valuation advice can help you plan your scheme and maximise the potential of your development.

We have entered into the RICS Registered Valuer Scheme, which means we are the “best regulated, qualified and experienced professionals in the field of Valuation”. When purchasing a property, the benefits of an independent professional valuation mean that you will have the confidence in your negotiations that you are paying a sensible price, based on the opinion of a professional.

80% of our clients ask us to carry out an independent Market Valuation. The Valuation will not only reflect defects that we will identify during the course of the inspection but also local Market conditions, making the completed report an influential negotiating tool. We have successfully been able to assist many clients in reducing the final purchase price, based on our Valuation expertise.

Additionally, we can also provide a buildings insurance reinstatement valuation, vital to ensure the correct level of insurance is in place.

We are more than happy to discuss your situation with you or your professional adviser and help identify your Valuation requirements. Once we have inspected the property we will call you to discuss and explain our findings and opinion. We have considerable experience in preparing valuations for lending purposes for many UK lending institutions, including re-inspections, stage inspections and repossession.

The RICS Expert Witness Registration Scheme (EWRS) is a voluntary register which lists individual RICS members with specialist knowledge and the practical experience to provide impartial, independent evidence in UK judicial or tribunal proceedings for a wide range of specialist fields. Our registered expert witness, with many years of experience, has represented private clients working with solicitors and council for a number of prominent UK Law Firms. We specialise in residential valuation and survey as well as matters relating to estate agency such as Property Misdescriptions.

Each of our Surveyors has over 20 years experience. We pride ourselves on a personal and individual approach to meeting your property requirements. We have successfully worked for a wide variety of individuals and organisations over many years from private clients to Law Firms and Accountants, to UK and International Lending Institutions and Development companies of all sizes.

If you are transferring an individual property or portfolio to an individual within a family or to a Family or Charitable Trust, a valuation may be required to clarify potential taxation of the parties subject to the transfer, and in some cases a valuation and declaration is a legal requirement.

If you are in the unfortunate and stressful situation of a divorce, clear advice relating to the important issue of property, (whether the former family home or investments), will help to ensure that you can agree a fair settlement that reflects the value of your jointly owned assets.

Property is a significant asset that will attract taxation in some situations, whether a home, or investment property. Capital Gains Taxation and Inheritance Tax are common areas requiring formal valuation of property. We have provided such reports for many years and can enter into negotiations on your behalf with the District Valuer at the Valuation Office Agency which is an executive agency of HMRC, if necessary.

When disposing of land and property Trustees of Charitable Trusts have a legal duty under section 36 of The Charities Act 1993 to obtain a report by a suitably qualified surveyor to formally report upon condition, restrictions such as restrictive covenants and easements, advice on method of sale and offers, and opinion of value etc. Should you represent a charity and be considering a sale of land or property contact us for an initial consultation to ensure that you fulfil your legal duty as a trustee.

We have represented many major developer clients and land owners seeking to purchase or develop land and property. Detailed reports to lending standards and compliant with RICS ‘Red Book’ code of practice can be prepared, tailored to the individual requirements of a particular scheme and client. Our appraisals are backed up by detailed regional knowledge and thorough market data research.

Usually a requirement of your Buildings Insurer, a Reinstatement Valuation represents the cost of replacement in the event of total destruction of your building. In the event of an Insurance claim, it is important that cover is provided to the correct level.

Find out more or book an appointment.

Newcastle Office Tel: 0191 269 6988

Northumberland Office Tel: 01670 760 055