Property Valuation Query

tigerinhunt

Hi,

Lender has instructed the valuation of the property and I am wondering how common it is for the prospective buyer to be arround when they come to the survey?

Do people stand by while they carry out the survery or most people trust the surveyor that he will have a proper look arround?

Thanks,

Thrugelmir

Primarily the lender instructs the surveyor unless the buyer has requested a more detailed report.

Hard to see what input the buyer can make even if they were present.

powerwin

I'm no expert but ... this survey is purely for the lender's benefit, i.e. the surveyor will tell them whether the property is worth lending on. It's up to the surveyor to do his job for the lender.

If you as a buyer want more info, you can arrange your own survey.

Rgds

tigerinhunt

Thanks for your response. I am going for the middle level survey so he will be looking for signs of damp, movement & decay etc in the loft, else where in the property & garage. Off-course lender has instructed it but I am paying for it and I am thinking if I should be around or not.

From the answers,it seems most people dont stand by while they look at the property?

Thanks again....

powerwin

tigerinhunt wrote: »

From the answers,it seems most people dont stand by while they look at the property?

I don't actually know the answer to this ... but I suspect the answer is that the buyer does not usually attend the survey. However, I can understand why you might want to, to get more info about the house you are buying ... maybe you could ask if you can attend and see what the response is??

Rgds

beecher2

I wouldn't have thought the vendor would allow you to attend. Once you've got a copy of the survey you could phone the surveyor for more information if you felt the need, but he should be left to do his job in my opinion.

tigerinhunt

thanks again for your responses. House is vacant at the moment and I am sure vendor would have no problem. I will have to speak to estate agent as he or vendors solicitors has the keys, I believe.

But I do see your point, I wont be adding much into his work. Just wanted to be double sure that he does his job properly for looking for decay / damp etc. I guess why would he not do so anyway?

GAH

If the surveyor finds damp, all he writes in his report, 'Need to get a damp proofing company to look at it', and so on if there are any other problems.

No offence intended here, but im sure the surveyor probably knows what he is looking for more than you do.

If you know more, then probably not worth having survey done.

Surveyors always cover then own backs.