Incorporating Parkes Valuation Limited

Scheme 2 - Homebuyers Report

The RICS Homebuyer Report is a user friendly, easy to follow report which is written in plain English to make the report easy to interpret for the client. The report provides colour coded condition ratings to make it easier to differentiate between the significance of the defects identified and are reported and defined as follows:-

Condition Rating 1.
Defined as non-repair currently needed.
Condition Rating 2.
Defined as defects that need repairing or replacing but are not considered to be either serious or urgent.
Condition Rating 3.
Defined as defects which are serious and/or need to be repaired, replaced or investigated urgently.

The report breaks a property down into its individual elements with each element having a condition rating along with general advisory warnings. Where an element is given a condition rating 2 or 3, the report will also provide advice on what is required to remedy the defect and recommend any further investigation if required. The report also provides comment on a number of other issues which are essential to enable you to make an informed decision on the purchase of the property including planning/building regulation issues, conservation areas, the presence of any guarantees, road maintenance liabilities, rights of way, easements, boundary ownerships, flood risk assessment, mining risks and other general health and safety issues.

Once the above has been fully considered, the report enables us to give a:

  • Reasoned and informed judgement on whether or not to proceed with the purchase.
  • Assess whether or not the property is a reasonable purchase at the agreed price.
  • Be clear what decision and action should be taken before exchanging contracts.

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Homebuyers Report

Homebuyers Report

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