Surveys, Home Inspections

Surveys, Home Inspections and Condition Reports in the
New Era of Home Inspectors

The Housing Act 2004, Home Information Packs, automated valuation models, and electronic delivery of reports will radically change the residential survey and valuation market and how property is prepared for sale. The market is set to change in ways that can be predicted now and in ways we cannot yet foresee. It will have major implications for Chartered Surveyors and Conveyancers working in the residential property market
- for what they do - who they will work for - how much they will charge
and it will also affect how Estate Agents go about their work.

Just some of the questions:
• Which properties will need a Home Condition Report?
• Will buyers commission their own reports, at least on the more expensive properties?
• Will Estate Agents ‘fold-in’ the reports in an all-in-one service? Will they defer payment until a home is sold? Will they offer them for free in return for ‘sole and exclusive’ instructions?
• What will mortgage lenders be doing?
• Who may be a Home Inspector? How will they qualify? How will their ongoing performance be monitored?
• What will an inspection report entail? What quality standards apply?
• What are the inspector’s responsibilities and potential liabilities? Which are personal to the inspector and which fall on the inspector’s employer?
• How will disputes be resolved?
• What will be the size of the market?
• We have the Act but what regulations are also on the way?
• How will Automated Valuation Models fit in as part of the process?

All these questions and more will be answered.

For all residential property surveyors and valuers, estate agents, property advisors, solicitors and conveyancers. This is essential information for all who currently work in the residential property industry.

Full documentation will be provided to all delegates and adequate time set aside for questions.