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If you're buying a new business or home, there are many essential things you must consider. It's definitely a big investment and you'll want to come in it with as much information as you can. There are a few things you could do to ensure you're as knowledgeable as possible about your desired property you're looking to buy, including an inspection of the property and a land survey.
A valuation survey is a tool that could provide you with information about your prospective investment prior to you entering into a contract.
What Is Valuation Survey?
A valuation survey is a basic property inspection that determines its value. A property surveyor will come and take a look at the property's condition and location to set the value. For example, if you're requiring a mortgage for purchasing property, a mortgage valuation survey is worthwhile. It can give you a rough estimate of the property's value to see if the asking price is in line with its valuation.
Benefits of Using a Valuation Survey
Here are the top ten benefits of using online survey software for your valuation survey:
1. Intuitive user interfaces on an operating system or web-based platform with logical and simple screens to navigate.
2. Easy survey screens that present questions in a logical, predetermined order, based on the survey's entered data. Includes integrated guidance mapping for the lender to capture the exact specified data.
3. Data capture tools for collecting side notes, photographic evidence, and sketches electronically.
4. A floor plan tool for creating completely editable floor plans easily and quickly, with automated floor area calculations and annotations.
5. Create custom descriptions or use standard phrases inside the software for generating site notes and reports consistently and quickly.
6. Built-in approach to Rightmove SCT comparable data that has innovative "compare" tools for supporting the property valuation analysis.
7. The capability of reviewing and easily editing the report prior to final submission, followed by an easy process of approval and submission.
8. Once completed, two outputs are automatically created - the electronic surveyor site-notes and the completed lender specific MVR.
9. Site notes and documentation are stored online for providing an electronic audit trail for supporting the claims defense.
10. Dynamic job overview screens that display important information like: Schedule, Property details, Diary, Instructions, and Additional notes.
Survey software could help you streamline both the more extensive and basic home survey options. Both you and the lender can easily access the survey tool results 24 hours a day, 7 days a week, if you use online survey software. It also provides protection for both of you. Valuation survey software provides a user-friendly interface and amazing flexibility. And most importantly, you're able to obtain the data you require.
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