Valuations

We offer a selection of valuations to suit different needs, including:

  • Informal valuation: often requested by owners considering selling their property and wondering what a realistic expectation might be. This will usually involve a visit from our representative, at no cost to you, to talk about your property and its potential value in the current market. We guarantee to give you our best professional assessment, based on achieved sales in your area and the relative situation of your property.
  • Probate valuation: usually requested by the executor of an estate.
  • Bank valuation: to support an application for a new or altered mortgage facility.
  • Fairdeal valuation: needed to support an application for the ‘fairdeal’ nursing home scheme.
  • Commercial valuations: for tenants or landlords engaged in lease negotiations.

Contact us by phone at (01) 4902888 or fill out the contact form below to find out how we can help you with your property valuation.

 

TERMS AND CONDITIONS OF ENGAGEMENT

MARKET VALUATION – LAND AND BUILDINGS

1. We have been instructed by you or you representative to advise our opinion of a Market Value, as defined in the RICS Valuation Standards Current Edition.

2. This Valuation will be carried out in accordance with the current RICS Valuation Standards and the purpose for which the valuation has been prepared will be stipulated on the valuation document.

3. Market Value (MV) is defined in the Royal Institution of Chartered Surveyors Valuation Standards Seventh Edition as ‘The estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion’.

4. The land and buildings (if any) will be valued as if free from encumbrances, debenture, mortgage or other legal charges. We will assume that there are no onerous or restrictive covenants affecting the property. It will be assumed that the title to the property is good and marketable. In the absence of a current detailed report on title, we will rely on the information provided by you in this regard. In order to assist you in the circumstances giving rise to the valuation or appraisal, we may have to make assumptions about the interpretation of legal documents. It must however be appreciated by you that the interpretation of legal documents is a matter for lawyers and consequently any assumptions made by us in respect of title must be checked by your legal advisers and that no responsibility or liability will be accepted by us for the true interpretation of your or the owner’s legal title in the property.

5. All information as to tenure, leases, site boundaries and similar matters is generally as supplied by the Client or relevant third parties. Any interpretations we will be obliged to make of any relevant documents are informal. The reported floor areas will be obtained by measurement on site or from plans provided.

6. No specific deduction will be made in respect of any statutory grants, whether available or received, in connection with the property valued.

7. The Valuation takes no account of any contingent liability for taxation or balancing charges and is exclusive of any fees, costs or other expenses which may arise in respect of the actual or notional acquisition or disposal of any assets included in the Valuation. No allowance will be made in our Valuation for any valued added tax liability which might be incurred in respect of any transaction affecting the property.

8. The Valuation specifically assumes that all developments which will be undertaken comply with planning and building regulation requirements. We will, if necessary, make verbal inquiries at the relevant Planning Department and, unless otherwise advised, we will assume that the property is unlikely to be adversely affected by highway, redevelopment or compulsory purchase schemes within the foreseeable future. We will not carry out a full planning search in respect of the property or land and request that you provide us with copies of any relevant planning permission grants. We will refer to the relevant Local Authority Development Plan to establish the land use zoning.

9. The Valuation will be based on the assumption that current insurance reports in respect of boilers, etc. have been issued and, where necessary acted upon.

10. The plant and machinery items (if any) included in the Valuation are those forming a part of the building services installations, as opposed to those installed as part of the industrial or commercial process carried on by the occupier. These will be shown in Appendix 1 of the Report and are in accordance with the RICS Appraisal and Valuation Standards Manual Seventh Edition. A technical survey of these items has not been undertaken.

11. We will not carry out a structural survey or open up the construction in order to make a detailed examination and no tests will be made of the drains, electrical or gas installations, hot or cold water systems or any other services. No inspections will be made of the woodwork or other parts of the structure which are covered, unexposed or inaccessible and we will, therefore, be unable to report that any such parts of the property are freed of rot, beetle or other defects.

12. We will not carry out any investigation to determine whether high alumina cement, calcium chloride additives, asbestos, or other potentially deleterious material was used during the construction of the buildings inspected or in the preparation of the land, foundations or site works and that none has since been incorporated. We will, therefore, be unable to report that the buildings are free from risk in this respect. We will be unable to advise on either the nature, or risks of contamination or hazardous substances, or any costs involved in their removal.

13. We will not undertake a sub-soil survey and therefore will have no information regarding the stability of the soil, its suitability for building or information regarding the foundations of existing or former buildings and constructions.

14. We will not carry out a detailed investigation in respect of the presence and efficiency of building services and any associated plant and equipment. We will make an assumption that the building services and any associated controls or software, are in working order and are free from defect.

15. Some property will be affected by environmental matters that are either an inherent feature of the property itself or the surrounding area, which could impact on the value of the property interest. Examples include historic mining or electricity transmission equipment. A detailed commentary on such issues will be outside the scope of our valuation or appraisal but we shall make reference in our report to any such matters that are apparent through the course of a normal valuation inspection, through normal enquiries or by local knowledge.

16. This Valuation will be prepared on the basis that full disclosure of all information and facts which may affect the Valuation will be made to us by the Client and by the relevant third parties. We cannot accept any liability or responsibility in the event of the information provided being incomplete or incorrect.

17. Neither the whole, nor any part of this document, nor any reference thereto, may be included in any published document, circulation or statement, nor published in any way whatsoever without our prior written approval of the form and context in which it will appear.

18. No responsibility is assumed for matters of a legal nature.

19. The Report will be prepared for the purpose stated and shall not be used for any other purpose.

20. In accordance with our standard practice, we must state that this Report is confidential to the Client for the specific purpose to which it refers. It may be disclosed to other professional advisers assisting the Client in respect of that purpose, but the Client shall not disclose it to any other person.

21. Receipt of the Valuation Report by the Client shall be held as conclusive evidence that the service is complete and satisfactory unless written notice to the contrary is received by registered post to Maher Gleeson Estates Ltd, 11 Terenure Place Dublin 6w, 2 within ten days of the date of the Report.

22. A copy of our complaints handling procedure will be made available on request.

23. The valuation may be investigated by the Society of Chartered Surveyors Ireland for the purposes of the administration of the Society’s conduct and disciplinary regulations.