What purpose are formal valuation reports required for?
Formal valuation reports are required for a host of reasons, most often transactional (buying or selling a property), secured finance (mortgage purposes) or audit (company balance sheet). Other reasons why a valuation report may be required include legal, immigration and management purposes.
How long does a valuation take?
Standard single residential/commercial unit valuation reports normally take about 3 days to complete. More complex reports take longer, depending on the scope of work involved.
What is the valuation process?
First of all we review the potential scope of work and provide a fee quotation. If requested to proceed we then issue a formal proposal document for client approval & signing, this commences the valuation process. The next stage is normally a review of supporting documentation and an inspection of the subject property. The report is then compiled and issued within the agreed timeframe.
What valuation methods are employed?
Hamptons International employs the internationally accepted principal methods of valuation: the Comparable Method, Income Capitalisation Method, Cost Method, Profits Method and the Residual Method. All our valuations are prepared in accordance with the Royal Institution of Chartered Surveyors (RICS), the globally recognised standard.
Is a valuation a structural survey?
No, a valuation report is not a structural survey. We recommend that a suitably qualified architect, building surveyor or engineer is employed if you require a comprehensive structural survey on a property.
What property types & areas do you cover?
Our valuation service covers all property types throughout the UAE.