Shared Ownership Valuations
Shared Ownership Valuations: Accurate and RICS-Approved Valuations for Staircasing or Selling
Looking to buy more shares or sell your shared ownership property? Get a certified valuation from RICS-registered surveyors.
Shared ownership is a great way to get on the property ladder, but when it comes to buying more shares (staircasing) or selling your property, you will need a Shared Ownership Valuation from a qualified RICS surveyor. At Crown Survey & Valuation, we provide professional, RICS-compliant valuations to help you complete your transaction smoothly.
What is a Shared Ownership Valuation?
A Shared Ownership Valuation is a formal valuation required when you want to either purchase additional shares of your shared ownership property (known as staircasing) or sell the property. The valuation determines the current market value of your home, which is essential for calculating the cost of buying more shares or the sale price of your stake.
Why You Need a Shared Ownership Valuation
Accurate market valuations are essential for a range of purposes, including:
Staircasing
When you want to increase your ownership share in your property, a valuation is required to calculate the price for the additional shares.
Selling
If you are looking to sell your shared ownership property, a valuation will determine the market value of your share, allowing you to set an accurate sale price.
Lease Compliance
Shared ownership leases typically require a valuation from a RICS-registered surveyor to ensure transparency and fairness in the staircasing or selling process.
What Does a Shared Ownership Valuation Include?
- Property Inspection: A thorough inspection of your property by a qualified RICS surveyor to assess its condition and any factors that may affect its value.
- Market Valuation: A detailed report outlining the current market value of the property, based on comparable sales and local market trends.
- Comprehensive Report: A formal, RICS-compliant valuation report, valid for 3 months, that can be used for staircasing or selling.
- Reissue Option: If your transaction takes longer than 3 months, we offer the option to reissue the valuation report at a reduced fee to remain compliant with lease requirements.
When Do You Need a Shared Ownership Valuation?
- Staircasing: If you want to buy more shares of your property, a RICS-approved valuation is required to calculate the purchase price.
- Selling Your Property: Before selling your shared ownership property, a valuation is necessary to determine the market value and ensure compliance with your lease agreement.
- End of Lease Term: Some lease agreements may require a valuation at the end of the term to assess the property value for various legal or financial purposes.
Why Choose Crown Survey & Valuation?
At Crown Survey & Valuation, we are RICS-accredited professionals with extensive experience in residential surveys. Our surveys are thorough, efficient, and designed to give you exactly what you need to make an informed decision.
RICS-Registered
Valuers
Our valuations are carried out by fully qualified RICS surveyors, ensuring your report meets the requirements of housing associations and lenders.
Accurate and
Transparent
We provide clear and accurate valuations based on local market conditions, ensuring you know the true value of your property.
Quick
Turnaround
We understand the importance of timing in staircasing and selling, so we aim to deliver your report efficiently, without compromising quality.
Competitive
Pricing
Our shared ownership valuations are offered at competitive rates, providing excellent value for a professional service.
Our Shared Ownership Valuation Process
Initial
Consultation
Contact us to schedule a valuation, and we will arrange a convenient time for the inspection.
Property
Inspection
A qualified RICS surveyor conducts a thorough inspection of your property to assess its condition and market factors.
Market
Analysis
We analyse comparable sales and local market trends to determine the accurate market value.
Valuation
Report
You will receive a comprehensive, RICS-compliant report valid for 3 months, suitable for staircasing or selling.
Reissue
Option
If needed, we can reissue the valuation after 3 months to remain compliant with housing association or leaseholder requirements.
Our Shared Ownership Valuation Process
Initial
Consultation
Contact us to schedule a valuation, and we will arrange a convenient time for the inspection.
Property
Inspection
A qualified RICS surveyor conducts a thorough inspection of your property to assess its condition and market factors.
Market
Analysis
We analyze comparable sales and local market trends to determine the accurate market value.
Valuation
Report
You will receive a comprehensive, RICS-compliant report valid for 3 months, suitable for staircasing or selling.
Reissue
Option
If needed, we can reissue the valuation after 3 months to remain compliant with housing association or leaseholder requirements.
Get Your Shared Ownership Valuation Today
At Crown Survey & Valuation, we provide fast, reliable, and RICS-approved valuations to help you with staircasing or selling your shared ownership property. Contact us today to schedule your Shared Ownership Valuation and ensure a smooth, hassle-free process.