Valuation is not a simple art. To Butler Sherborn any valuation is an assessment of a host of different factors. all of which may have an affect on value. They need to be carefully assessed with market place experience and a database of comparables.

We ensure the accuracy of valuations by our supporting reports which record our consideration of the valuation factors, e.g. third party rights, development potential, pollution and environmental considerations, statutory and non statutory designations, together with an assessment of the market.

The "Red Book"

All valuations made by members of the Royal Institution of Chartered Surveyors must now be made in accordance with the Institution's Manual of Valuation Practice, commonly known as "The Red Book".
This practice is mandatory other than in a few limited circumstances and obliges instructions to be taken in detail, for valuations to be made in writing and to address a series of standard issues.

Base Values

Butler Sherborn undertakes many negotiations with third parties in order to establish "base values" for tax and other purposes. These may be for Capital Gains Tax, divorce settlements, probate, insurance or for compulsory purchase compensation purposes, for example. We are highly experienced in negotiating with the District Valuers office. The requirements for different values under different circumstances is supported by our technical knowledge and proven negotiating skills.

Fees

Fixed fees are quoted for valuations and reports which will depend on the complexity of the valuation. Typically this may be based on £ 1 for every £ 1000 of value for largely residential property or fixed fee based on an hourly charge for agricultural holdings and estates. Disbursements and expenses are included plus VAT based on our terms of business.

For more information contact:

Richard Greasby at our Cirencester office