It’s a time of year that unites people, from young to old, male and female – everyone’s touched by the circus that is the World Cup. We’ll all have our teams that we’ll watch and support at each stage. But, we all need to remember that there are people out there that don’t have the World Cup on their radar as they have other priorities. Firstly – the majority of the female population, possibly. And secondly, homebuyers.
Buying a new property is a stressful time for most clients, and while they may worry about their finances and securing their mortgage, they tend to have a blinkered approach to anything else right up until that exchange date. The thought of what type of survey or valuation to choose tends to fall right down to the bottom of the priority list. Clients quickly forget about this and start to focus on the fun parts of buying a house, such as how they’re decorating it and what they’re putting in it – like that all important TV. But clients should realise that not understanding the importance of choosing the correct survey or valuation could have an impact after they’ve moved in. By educating your clients on the different types of surveys and valuations you can make sure that they’ve bought their property with their eyes open and have made an informed decision.
Most clients don’t realise that a Colleys Property Valuation (Level 1) is just an assessment of the value – it’s not a survey. This type of valuation is normally instructed by their lender and is required when they apply for a mortgage – clients need to be aware the valuation is solely for the lender’s benefit in assessing the property as suitable security against the mortgage.
Spending an extra couple of hundred pounds on a survey may be a stumbling block to some clients, but a Colleys Property Check (Level 2) offers your clients a report with a condition rating that’s clear and easy to understand. The report utilises repair categories which explains the condition of the property and indicates the urgency of repairs, allowing your clients to plan or budget for any remedial work before they even move in. And it’s prepared for them, not the lender. Your clients also have access to the surveyor should they have any questions or want to discuss any issues.
Buying a home is a monumental purchase so getting the right type of survey is important and can provide peace of mind for one of the most important decisions your clients will make in their lives. Often a Colleys Property Check can pay for itself, by highlighting essential works, which may allow the purchaser to renegotiate the price or anticipate future expenditure which they can budget for. An extra few hundred pounds for the survey may save many thousands in the long run.
Colleys is one of the largest valuation and surveying businesses of its kind in the UK, offering residential property expertise through a range of valuation and survey products, offering your clients a national service with local knowledge, and all of our products have been designed with the client in mind.
For more information on the Colleys Property Check and details on our service simply visit www.colleys.co.uk/business.
Please note, to comply with regulatory requirements, the discussion around the range of surveys available must be positioned as a non advised process, at the mortgage application stage. Your clients must decide on the level of survey that is most appropriate for them.
