Why the valuation is needed
The instruction should clearly identify whether the valuation relates to buying, selling or changing the share owned. The report is prepared for that stated purpose.
Evidence and assumptions
The valuer considers the property, tenure information and relevant comparable market evidence. Accurate lease and property details help avoid assumptions that do not match the transaction.
Plan around the valuation date
A valuation reflects a particular date and market context. Confirm any process requirements and timescales with the organisation handling the shared ownership transaction.