The instruction comes first
The intended use of the valuation shapes the report. Buying advice, probate, matrimonial matters, tax and leasehold work can each require different assumptions or supporting information.
How the figure is supported
The valuer considers the inspection, tenure, accommodation, condition, location and relevant comparable transactions before reaching a reasoned conclusion.
Valuation is not a condition survey
A valuation and a survey can inform the same decision but they are not substitutes. Buyers who need detailed advice about defects should choose an appropriate Level 2 or Level 3 survey.