If you’re thinking of selling your property, whether it’s your home or a rental property, the first step is to undertake a house valuation. Our dedicated residential valuation team are experts in the house valuation process and can assist you every step of the way in finding out how much your house is worth.

HOW DOES THE HOUSE VALUATION PROCESS WORK?

Our team will visit your property in order to get an accurate impression of your home’s condition, its layout and take note of any unique features it may have. Once this assessment has been made, we will then be able to provide you with an estimate of how much your property is likely to sell for in the current market conditions.

We use references to similar properties in the area that have recently sold or are on the market, and for more remote properties, further local property conditions will be assessed, including what local amenities there are in the area, as well as the area’s selling history.

Each valuation we undertake is led by directors individually, with over a quarter of a century of experience, all of whom are directly involved with every instruction, no matter the size or type of property.

WE'LL GIVE YOU OUR EXPERT OPINION ON WHAT YOUR HOUSE IS WORTH

Undertaking a house valuation gives you a reflection of the fair market value of your property. If you are looking to put your property on the rental market, a valuation also gives you a much clearer idea of what a competitive rental price for your property is before you look for tenants.

Understanding the value of your home also helps the buyer apply for the mortgage as a lender will want to ensure the property is worth what the buyer is planning to pay for it. It is important to note that a house valuation is different from a mortgage valuation. A mortgage valuation is undertaken by the lender and is it for the benefit of them to understand whether the property will act as viable security for the loan you’ve asked for.

Compared to a house valuation, a mortgage valuation is often less thorough, with some lenders opting to rely on recent sales data to compile a short report and not always choosing to visit a property.

WHY VALUE YOUR HOME WITH SAVILLS

At Savills, our home valuation process incorporates the verification of data, such as title deeds, inspections, measurements, property due diligence, market comparisons, detailed valuation methodology and the use of valuation models, where appropriate. This is supported by our national agency coverage of over 130 offices.

Our experienced team understands that the foundations of a successful working relationship are that of trust, quality, efficiency and integrity and will go above and beyond to ensure they offer a bespoke and unparalleled service to their clients throughout the house valuation process. 

If you are in need of a Red Book valuation which complies with RICS standards, please get in touch with our Residential Valuation team here.