The Instant Survey & E-Valuation

The Instant Survey is a survey for the homebuyer that provides a full rundown of the property in an instant, it’s like a vehicle HPI check, but for a house! It answers important questions such as: Will your property be affected by climate change in the next 30 years? Is the property mortgageable? Is it at risk to surface water flooding? Will the future saleability be impacted? How much of a risk is subsidence caused by trees to the property?

The data sources that make up parts of the instant survey are the same sources that leading banks, insurers and conveyancing solicitors use to make and share decisions about your property purchase. Your property solicitor will also likely rely on some of the same data sources when conducting their searches and home conveyancing on your property purchase. The data provided in the Instant Survey is useful in highlighting potential issues that might present themselves in the sales completion stage, as well as potential problems with mortgage lending and insuring.

Several of the companies that provide the data also work with the RICS and are also used by many property conveyancing solicitors. The property data packages are similar to a vehicle HPI check but for houses; you wouldn’t risk buying a car without an HPI check so why take the risk on a house – the largest investment the average person will make in their life!

See more information on the Instant Survey on the Instant Survey page.

The e-valuation gives an in-depth analysis of market price, and the vendors position to help create the perfect offer/entry price. It answers questions such as:

• How do estate agents decide on the market price of a property?
• How accurate is the market price and how sure were the estate agents when they valued the property?
• What does a lender-based valuation look like in comparison to market valuation?
• Will you get a mortgage on the property based on your offer?
• How much ’emotion’ has driven the price compared to hard facts and comparable properties?
• Is there potential scope to be aggressive in your offers or is the vendor going to try and hold on to every last pound?
• What has happened to the market price of the property over the last ten years?

What makes Buyers Edge different from jumping on to Rightmove or Zoopla and using their automated valuation services / models (AVMs) or researching market prices yourself?

Buyers Edge are not suggesting you don’t do this, because we do it too and it is an important part of due diligence, offer preparation and gaining peace of mind.

There are lots of free websites, which offer the same kind of online property valuation tools in slightly different ways, especially when it comes to automated valuation models. This data is helpful, but it is not solely aimed at buyers and does not show the whole picture.

Buyers Edge analyse the automated valuation models that you can obtain elsewhere and search for inconsistencies, unknowns and deviations to help our customers think about online valuation in a different way. For example, Zoopla’s automated valuation report can confirm that a house you are interested in is being marketed at the correct price, but to what extent is this accurate? How do estate agents decide on the market price of a property? How do you know you are getting a good deal? What if there was a way to know that when the Agent, seller and surveyor went to value the property that all three of them are actually unsure of the market price? What if the market price is based on pure emotion? What if the AVMs that are being used are not accurate and to what extent? What if you knew all of this upfront before deciding to offer on a property? You can be sure the agent will be sure of the price when you are negotiating with them.

See more information about this on the e-valuation page.

You are selecting a combined package to make full use of the reports. The Instant Survey & E-Valuation should be used before making an offer.

Buyers Edge have a saying “free data can be expensive” which is why for quality data we have to pay our partners for each time we pull the data sets just like the banks and insurance companies do, which is why we have to charge our customers to obtain it. If the property does not go ahead you can use your unique 25% discount code, which will be emailed to you, for your next report.