Does the Home Report valuation fix the price of my home?

Not necessarily.  But the valuation in the Home Report does seem to be changing the way that homes are advertised for sale.  More and more properties are being advertised at ‘offers around' or ‘offers in the region of' to reflect the fact that buyers have access to a valuation from the outset. 

That said, this does not mean that the eventual sale price will always be the same as the valuation in the Home Report Single Survey.  If competition for a property prompts several offers, it is quite likely that some of them will be higher than the valuation.  The successful buyer could then ask the surveyor to revise their valuation in the light of the interest from buyers.  The level and number of offers submitted was certainly something that surveyors took in to account before Home Reports arrived and there is no reason to suppose that they will not do the same now that Home Reports are here.


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