What does 'Survey' mean when buying a property?
Find out what Survey means when you are buying a property. 'What does Survey mean?' plus over 150 other property related terms and jargon in plain English
Survey
After you have had your offer accepted by the vendor of a property one of the first steps is to have some basic checks carried out on the actual property itself - this is known as the Survey.
You can choose one of three types:
- Valuation Survey - an independent company (a surveyor) will visit the property and compare it to others which have sold in the area recently to assess its value.
- Homebuyers Survey - a valuation as above and some basic checks for issues such as penetrating damp.
- Structural Survey - a valuation survey and an inspection of the entire building (so only really possible when buying a house rather than a flat).
Personally, even if I am buying a period house, I only use a valuation survey as it will flag up any really big issues such as subsidence anyway. It has to, big issues affect the property value and it is a valuation.
As structural surveys can only flag "possible" issues I by pass this and get specific specialists to look at specific aspects of the house - a roofer, plumber, damp specialist and electrician. They will tell me the exact state of the property and costs to rectify where a surveyor can only suggest possible problems.
If you want to know all the tips and tricks involved in purchasing a property the smart way pick up a copy of my ebook How to Really Buy a Property.
Warning: Undefined array key "search_words" in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 3
Warning: Undefined array key "search_words" in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 4
Search Results for 'survey' in
How to Really Buy a Property
Warning: Undefined variable $guide_result_num in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 60
Warning: Undefined variable $guide_result_num in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 61
Warning: Undefined variable $guide in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 155
Search Results for 'survey' in
Property FAQ
- What are the different types of property survey?
- My surveyor has put a retention on the property value
- My survey says the property is overvalued
- What should I do if my survey says the property has a damp problem?
- My survey says the property has problems with the electrics
- What to do if my survey says the property has problems with the roof
- My survey says the property has problems with the plumbing
- My survey says the property has subsidence or structural issues
- My survey says the property needs X thousand pounds worth of work done
- Survey valuation lower than offer, what to do?
- The Survey says the property has subsidence, what to do?
- Should i get a structural survey done?
- What happens if the survey valuation is higher than my offer?
- The property price was £190000 I offered £191000 and accepted the property was showing sold as after survey I lowered my offer to £181000 and provisionally accepted again ,but now it is on market and
Search Results for 'survey' in
Property Terminology
Warning: Undefined variable $term_result_num in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 247
Warning: Undefined variable $interm in /var/www/vhosts/howtoreallybuyaproperty.co.uk/httpdocs/include-text-search.php on line 259
- Agreement in Principle
- Homebuyers Survey
- Sold Subject to Contract
- Sold Subject to Survey
- Structural Engineer
- Structural Survey
- Subsidence
- Survey
- Surveyor
- Tenanted Property
- Valuation Survey
- Rising Damp
- Penetrating damp
- Sagging Roof
- Dry Rot
- Wet rot
- Retention
- Drive by Survey
- Down Valuation
- Survey Sent to Panel
- Survey Requested
- Survey Instructed
- Survey Booked
- Valuer
- Gazump
- Pre Arranged Mortgage
- Drainage Survey
- Cash Buyer Only
- Credit Check
- Time Costs Deals
- Managing Agents
- Gazumping Insurance