Homebuyer Report
RICS Level 2 Homebuyer Report Survey: An economical service which helps you to make an informed buying decision
A RICS Level 2 Homebuyer Report is a mid-level survey that will provide you with a comprehensive analysis of the condition of a property.
The Homebuyer Report takes a standard format and differs from a Building Survey in three principal ways:
- 1It is designed for houses, bungalows and flats that are of a traditional type and construction (Post 1980) and which are apparently in reasonable condition.
- 2It identifies what the surveyor considers to be the most important issues.
- 3
It focuses on matters which, in the surveyor’s opinion, may affect the value of the property if not properly dealt with.
The Homebuyer Report is an economical service intended to assist you:
Frequently Asked Questions
A homebuyer report is a detailed survey of a property that a potential buyer intends to purchase. It provides an assessment of the property’s condition and highlights any issues that may require attention.
Whether or not you need a homebuyer report depends on several factors, such as the age and condition of the property, its location, and the level of detail you require. However, it’s always advisable to get a survey done, especially for older properties or those that may have hidden defects.
A homebuyer report provides you with a detailed understanding of the property you are planning to buy. It can highlight any major issues or defects that need to be addressed, and may also reveal potential future problems. This information can help you make an informed decision about whether or not to proceed with the purchase.
The time it takes to complete a homebuyer report varies depending on the size and complexity of the property. A basic report can be completed in a few hours, while a more detailed report may take several days to complete.
Yes, you can use the results of a homebuyer report to negotiate the price of a property. If the report identifies any major defects or issues that need to be addressed, you can use this information to lower the asking price or ask the seller to make necessary repairs before completing the purchase.
A homebuyer report is a detailed survey of a property’s condition, while a mortgage valuation is an assessment of the property’s value for mortgage purposes. A mortgage valuation is typically carried out by a lender to ensure that the property is worth the amount being borrowed, while a homebuyer report is conducted for the buyer’s own information to identify any issues or defects that may affect the property’s value or require attention. A homebuyer report can provide more detailed information than a mortgage valuation and is recommended for buyers who want to have a comprehensive understanding of the property’s condition.
Snow Walker Surveyors provided an excellent service. It was very reassuring knowing their extensive expertise in dealing with period properties. They were quick and efficient in organising the survey and provided a detailed room by room account of their findings. A bonus was finding out about all the history of the place, fascinating. Highly recommended. Thank you Brien.
The professionalism and care to detail are evident throughout the range of services that we used in the purchase of our home, as well as followup on the issue of building an extension after the purchase.
We have used the services of Snow Walker twice. They are extremely professional and produced excellently detailed surveys for us. We found them to be exceedingly helpful and friendly, giving good advice and I would highly recommend them.
