RICS Valuations
At JBS Surveying, we specialise in providing precise and reliable property valuations across London, conducted exclusively by our RICS Registered Valuation Surveyors. Adhering to the Red Book standards set by the Royal Institution of Chartered Surveyors (RICS), our valuations ensure an accurate representation of your property's market value.
Valuations by a RICS Registered Valuer serve a multitude of purposes and are vital in numerous scenarios. Our team delivers unbiased and impartial assessments, taking into account factors such as the property's size, location, and overall condition.
Whether you're making informed decisions for selling, navigating through divorce or separation settlements, or managing probate affairs, our comprehensive valuations offer the clarity and accuracy you need.
Operating throughout London, JBS Surveying delivers independent and objective assessments of property value. After a detailed inspection of your property, we provide you with a thorough valuation report, ensuring you have the necessary information for your property-related decisions.
What Types Of Valuation Do We Provide?
01.
Market Valuation
A Presale Market Valuation is a report designed to provide clients with a Market Value. It can include Market Capital and Rental Value analysis and portfolio assessment.
02.
Matrimonial / Separation Valuations
A Presale Market Valuation is a report designed to provide clients with a Market Value. It can include Market Capital and Rental Value analysis and portfolio assessment.
03.
Shared Ownership Valuation
Our RICS registered valuers perform Shared Ownership Valuations to provide an unbiased and independent determination of the market value for the sale or purchase of a property under shared ownership.
04.
RICS Help To Buy Valuation
Repaying, remortgaging, or selling a property acquired with assistance from the Help to Buy scheme, an independent valuation is required. Accurately determine the repayment amount you are obligated to make.
05.
Right-to-Buy Valuations
A Right to Buy Valuation occurs when a tenant decides to purchase the property they rent from a council or housing association. The valuation calculates the open market value of the property and any discount the tenant may be eligible for under the Right to Buy scheme.
Obtaining a Right to Buy valuation from a RICS registered valuer allows you to decide if the asking price is fair and/or appeal the council valuer.
06.
Capital Gains Tax Valuations
A Capital Gains Tax Valuation is required when a property is sold or gifted and there has been an increase in its value. The valuation determines the amount of capital gains tax that might be due. Typically, capital gains tax is based on the difference between what you paid for an asset and how much you sold it for- often you need to submit a market valuation to HMRC .
07.
Probate & Inheritance Valuation
A Probate and Inheritance Valuation is undertaken when a property owner passes away. It establishes the property's market value at the time of the owner's death and is often required by the HM Revenue and Customs for inheritance tax purposes.
The purpose of getting a probate valuation is to make an estimate of the deceased person’s property.
08.
Portfolio Valuation
We work with investment and pension funds, private equity, property companies, asset managers and private high net worth investors. Our reports are used for asset management, tax planning including ATED (Annual Tax on Enveloped Dwellings) Valuation.
We can provide capital and rental valuations for all property in an estate.
How is a residential valuation calculated?
At JBS Surveying, our valuation experts calculate your property's estimated market value, drawing from a diverse range of data sources.
These include professional online platforms, comprehensive housing sale databases, and insights from local estate agents in high street locations.
Our approach is the RICS comparable method of valuation and extends beyond just data analysis. We conduct an inspection of your property, considering its location, proximity to local services and amenities and assessing the overall condition of your home.
Importantly, we also factor in elements that might detract from the property's value, such as certain construction methods, present damage, and closeness to noisy businesses or infrastructure.
Valuations are not a Survey
Please be aware that a residential valuation is distinct from a home survey. In our valuation process, we conduct an inspection of the residence; however, this assessment is limited to its condition as it pertains to the property's value and is based solely on a visual inspection.
This type of valuation should not be relied upon for determining potential repair or maintenance needs of the house or flat after purchase.
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For those seeking more detailed information about the condition of a property, including repair or maintenance recommendations, we at JBS Surveying offer a range of home survey options. We encourage you to contact us for more information about these services to find the one that best suits your needs.
The Valuation Process
01
Submit Property Details
Fill in the enquiry form on our website or reach out to us by phone
Clearly state the service you require
02
Prompt Quotation
03
Expect a detailed quotation within 24 hours, guaranteed by the next day at the latest.
Engagement Terms and Payment
Complete the terms of engagement.
Settle the invoice promptly to move forward.
04
Pre-Inspection Communication
Record any specific queries on our website before the inspection.
Optionally, discuss property details with our surveyor.
05
Seamless Inspection Setup
We'll coordinate with the selling agent/vendor for property access.
Confirm the inspection date for your convenience.
06
Timely Report Delivery
Relax as we diligently work on your valuation report.
Receive the comprehensive report within just 3-4 working days.