Why a Survey Could Save You Thousands
The purpose of a survey is to save money and give you peace of mind when buying or selling. You could save thousands of pounds in costly repair bills by identifying potential issues early in the buying process that may not be visible during the short time you spend in the property before making your offer.
Instructing a RICS Survey can highlight hidden problems such as:
- Electrical defects
- Structural issues
- Drainage problems
- Damp and dry rot
In England and Wales it is at the buyer’s discretion whether they wish for a survey to be undertaken.
If buying with a mortgage, your lender will often conduct a “Mortgage Valuation” – however this is simply carried out to ensure the property is worth the purchase price and will not give you details of any damage.
“What happens when I’ve booked my survey with Edward Mellor?”
Once you have selected the type of survey to be undertaken, we will contact the vendor to arrange a convenient time for your Surveyor to visit the property.
Within a few days of the survey taking place, your Surveyor will send you their report with a clear “traffic light” rating system showing an areas which require attention.
If repairs are needed, you may need to re-negotiate the purchase price of the property. Our Sales Administration Department will give you guidance as to whether this is necessary.