Find out the Value of a Property?
Market valuation is not a survey but a valuation, comparable to one which a lending organisation can require in order to find out the value of the property. The inspection will be looking out for noticeable faults in fully reachable areas of the property. Recommendations will only be made if they are considered to significantly affect the value of the property/building. The lender, such as the bank or mortgage company will more than likely require you to fix the problems before they commit to lend the funds for the property.
What is actually checked?
The Market Valuation is only a visual inspection and nothing more, which are carried out by a fully qualified surveyor. The details in the reports can vary and might not go much further than a common depiction of the property.