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Valuation report: the basics on what your new home is worth

Ocean surveyors

A valuation report is the minimum requirement, when you are buying a new home. Its main purpose is to help your lender assess whether the property is worth the price you are paying for it. But it's important to understand that it's only an overview - which tells you very little about the underlying condition of the building, and any potential problems you may face in future.

It's also essential for the following reasons: 

  • Purchase
  • Lending
  • Comparable locations
  • Inheritance planning

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