Residential owner-occupier transactions

Valuations can be requested for a multitude of purposes – one of the most common is the residential owner-occupier valuation completed by a valuer for residential mortgage purposes. This type of valuation is conducted in accordance with the RICS Valuation – Global Standards (Red Book Global Standards).

Several types of valuation are detailed in the Red Book Global Standards, ranging from 'no inspection' (which could be an AVM or a 'desk top' and which may involve a valuer) through 'drive by' or 'pavement valuation' to a full inspection of the property internally and externally. The level of inspection will be determined by the instructing source, normally the lender.

This section is maintained by Richard Eaton of e.surv.

RICS standards: Comparable evidence in real estate valuation

RICS standards: Valuation of properties in multi-storey, multi-occupancy residential buildings with cladding

isurv section: Residential valuation