is the difference between an independent valuer and a mortgage/bank/building
society or any panel valuer?
The main difference we find is that
a mortgage/bank/building society or any panel valuer will
try and find ways he can "see" the
value of the property is worth what you have offered- this is why
99.9% of the time the valuation comes back the same as your offer
and to the penny! (if you want to know more come on one of our training
days). Property valuation is not an exact science and normally
there is at least plus or minus 10% (depending upon market conditions)
which can be a lot of money.
Independent valuers usually
have a lot more time so they can look at the property a lot more
abjectly and consider
what the true market value is.