What is a Red Book Valuation?

When it comes to getting a valuation of your property, you may have heard of the term Red Book – but what is a red book valuation? Here at Kirkby Diamond, we not only have the knowledge of red book valuations, but we have a team of RICS accredited surveyors that are ready to complete the work you require. Find out more right now.

Understanding the Term Red Book Valuation

All valuations that are undertaken with the purpose of acquiring secured lending have to be completed in line with the RICS Valuation Professional Standards. These standards incorporate the International Valuation Standard, which is also known as The Red Book.

By providing red book valuations, lenders can be assured of the legitimacy of the valuation and proceed to provide you with the finance you need to make your purchase. It is vital that you choose a surveying team that is able to offer this service so that you don't end up spending more on a valuation than you need to.

Knowing How to Trust a Red Book Valuation Service

If you are unsure how to choose the right red book surveyor, then there are a number of steps you can take to ensure that you get the best results. Firstly, it is always wise to choose a full-service property firm that has a well-qualified and RICS accredited team.

Once you have narrowed down your choices, it is also important to look for a service that is local to the area in which you want to buy. The reason for this is that a local surveyor will know the area and the history of the area so that you end up with a more robust valuation that can be completely trusted.

What is a Red Book Valuation – Costing

A key aspect for many clients is finding a service that offers the best value, but before you choose just based on price, it is important to find out exactly what you are getting for your money and what systems there are in place should you be unhappy with the service you receive.

At Kirkby Diamond, we can provide you with a clear and full quotation to consider before you proceed to use our service, allowing you to plan your finances accordingly. If you are unhappy with our service, then we have a clear resolution service that will work to rectify any problems so that you are never left out of pocket. Our clients are the most important part of our business, meaning that you can be sure that we will always put your needs first.

Arrange Your Red Book Valuation Today

Now you’ve answered 'what is a red book valuation,' you are ready to arrange your property valuation with Kirkby Diamond. Why not give our team a call today to discuss your needs, get answers to your questions and arrange your initial quotation. We are available to you whenever you need us, and we would love to help you arrange the valuation service you need!