Frequently Asked Questions - continued.
Q. I've
been offered a cheap deal if I have my valuation and survey
done by the same company/person.
The problem with doing this is the surveyor
has to have very different skills to both value the property and
survey it. The Royal Institution of Chartered Surveyors recognises
this and have two different divisions which are trained in different
ways. They also have different qualifications although confusingly they
are both called Chartered Surveyors. Valuers are called chartered
valuation surveyors and building surveyors are called chartered
building surveyors.
Many valuers are not that comfortable
carrying out surveys of any sort and more specifically not comfortable
carrying out building surveys. Commercial pressures mean
they are being forced into now doing building surveys as well as
valuation surveys - the deal where the survey and valuation come
cheaper is one such instance. In our experience this tactic is
often used by valuation companies (often owned by the mortgage
companies and estate agents as a way of keeping staff fully employed
- we once heard it said that its like asking your doctor to pull
your teeth out - you should use a specialist!)
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