Contentious probate services more than doubled report finds
Property and Contents Desktop Valuations

Property and Contents Desktop Valuations

A desktop valuation (also known as a desktop appraisal) is a valuation performed without a physical inspection of a property. It will generally be conducted where a full inspection of a property cannot take place or the instructing party does not deem a full inspection necessary.

Other reasons for a property or contents desktop valuation include;

  1. the property is inaccessible i.e. it has been sold, it is tenanted or it is not safe to enter
  2. the valuation is retrospective to a date many years ago or there have been material changes rendering an inspection unnecessary
  3. the contents within the property are of a low deemed value (this is relevant for Probate Valuations)
  4. to keep administrative costs lower for the client

A Desktop Valuation will be formed by our surveyors based on photographic evidence, online research and advice from the client and other means as appropriate to establish a value. This approach can often be more than adequate to fulfil your duties and get an accurate valuation. During Covid-19 lockdown periods, Desktop Valuations were often the preferred route and have become more commonplace ever since.

For probate submissions, a desktop valuation is a cheaper option for Executors and Administrators, and can be the middle ground for those sitting on the fence between getting formal (internal access) valuations and using a DIY route of establishing values. The Desktop Valuation is still an independent and trusted valuation, with a full Red Book report provided and will likely satisfy HRMC and their Valuers (‘The District Valuers’). HMRC opened 3,574 investigations into DIY Inheritance Tax (IHT) applications in 2020-21, netting an additional £254m in revenue. A desktop valuation maybe an option for you to consider.

Please WhatsApp us here for an immediate quote, call us on 020 3143 0451 or email us at info@coreprop.co.uk.

 

Further reading

The CoreProp Group – Valuation Service Pillars
The CoreProp Group – Valuation Service Pillars

Professional, reliable and low-cost services should be an industry standard, not a luxury...

Flexible working now part of work culture for over a third of people
Flexible working now part of work culture for over a third of people

UK workers and their bosses are reaping the benefits of flexible working, according to new research released by Microsoft.

What are the benefits of Serviced and Managed office spaces?
What are the benefits of Serviced and Managed office spaces?

Running a business is time-consuming and often quite stressful, so it makes sense that business owners would want to lighten their load as much as possible. This is where renting serviced and managed office spaces can provide all sorts of benefits.

We’d love to hear from you

Please get in touch