Virtual Valuations and Helping the UK Move in Lock Down
One Simple Form is all it Takes to get an Accurate Virtual Valuation
The Covid 19 pandemic has made property sellers think differently about their next move, already growing in popularity before tough social distancing restrictions were put in place by the Government, virtual viewings have become attractive to property hunters.
And now potential sellers can put their homes on the market through a virtual valuation, without an estate agent crossing the threshold as the market adapts to these unprecedented conditions.
What is a virtual valuation?
Estate agents and surveyors are using different techniques to value properties to get them ready for market or price them for mortgage lenders.
These include:
– Simple property questionnaires - Completion of a simple questionnaire can give a property professional sufficient information in order for them to carry out the required research to value a property with 99% accuracy.
– Photography: These can be taken by the vendor using smartphones or cameras.
– Video: Again, most vendors are perfectly capable of recording footage of their homes to aid a valuation, either for sending to an agent or surveyor after the fact or by walking them through the property on a live video tour.
– External property reviews: Agents or surveyors may not be able to enter your property but they can pass by outside and make judgements based on the exterior.
How to get a virtual valuation
We offer virtual valuations by completion of a simple form . Click here for the form.
Once received a property professional will carry out the relevant research to value your home and then send you a detailed valuation report.
You can provide pictures and videos if you are able, but it is not a necessity. We could also have a video call (using whatever platform suits you) and walk through your home should we need any clarification.
Mortgage lenders and virtual valuations
After strict restrictions were announced at the back end of March, there was some confusion on how lenders would be able to move forward, however the many lenders are now accepting desktop valuations from surveyors to keep the market moving.