Shared Ownership Valuations
Buying or selling a shared ownership property involves unique requirements, and obtaining a professional Shared Ownership Valuation is a critical step. At DAW Surveyors, we provide accurate, RICS-compliant valuations tailored to meet the needs of shared ownership schemes, ensuring a smooth and transparent process for both buyers and sellers.
What is a Shared Ownership Valuation?
A Shared Ownership Valuation is a professional property valuation carried out by a RICS-registered surveyor. It determines the current market value of your property to calculate the price of your share. This type of valuation is essential for various shared ownership transactions, ensuring fairness and compliance with housing association guidelines.
When Do You Need a Shared Ownership Valuation?
You’ll need a shared ownership valuation in several situations, including:
Staircasing: When you decide to increase your ownership percentage in a shared ownership property, the cost of your additional share is calculated based on the current market value.
Selling Your Property: A valuation determines the market value of your share when selling your shared ownership home.
Lease Extensions: Extending the lease on a shared ownership property requires an accurate valuation to calculate the cost.
Remortgaging: If you’re refinancing your property, a valuation ensures compliance with lender and housing association requirements.
Why Choose DAW Surveyors for Shared Ownership Valuations?
At DAW Surveyors, we understand the complexities of shared ownership schemes and are committed to providing accurate, reliable valuations that meet housing association standards.
RICS Accreditation: Our surveyors are RICS-certified, ensuring all valuations are fully compliant and widely accepted.
Local Market Expertise: We have extensive knowledge of property values, ensuring a fair and accurate assessment.
Timely Service: We deliver valuation reports quickly to keep your transaction moving forward.
Unbiased Reporting: As independent surveyors, we provide impartial valuations you can trust.
What Does a Shared Ownership Valuation Include?
Our valuation report is designed to meet housing association and lender requirements. It includes:
Current Market Value: An accurate appraisal of your property’s worth based on local market trends and comparable sales.
Property Condition: A detailed description of the property’s current state, including any defects or notable features.
Supporting Evidence: Comparable property data and photographs to back up our findings.
Compliance Assurance: A report structured to meet housing association guidelines, ensuring a hassle-free submission process.
The Shared Ownership Valuation Process
Initial Contact: Get in touch with us to discuss your valuation needs.
Property Inspection: A RICS-registered surveyor will visit your property to carry out a thorough inspection.
Market Analysis: We research market conditions and comparable properties to determine your home’s current value.
Report Delivery: Receive a detailed valuation report ready for submission to your housing association or lender.
Frequently Asked Questions
How long is the valuation valid for?
A shared ownership valuation is typically valid for 3 months. If your transaction takes longer, we can provide an updated valuation if required.
Can I use an estate agent’s valuation?
No, housing associations and lenders require valuations from a RICS-registered surveyor to ensure impartiality and accuracy.
What happens if the market value changes?
The cost of staircasing or selling your share is based on the market value at the time of the valuation. This ensures fairness for all parties involved.
Contact DAW Surveyors for Expert Shared Ownership Valuations
Navigating shared ownership transactions can be complex, but DAW Surveyors is here to make the process simple and stress-free. Contact us today to book your Shared Ownership Valuation and take the next step in your property journey with confidence.
