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Valuation - Home Buying

A Valuation or Mortgage Valuation is carried out and prepared for the lender. Your mortgage lender will insist on a basic valuation to make sure that the property is worth the amount you are paying for it. It also provides the purchaser with independent confirmation that the price is accurate. The Lender will want to ensure that you will be able to sell it again and therefore ensure the property is a safe investment. Although it is often referred to as a survey it doesn't go into nearly as much detail as a Homebyuyers Report.