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Stuart Noble Stuart Noble is offline
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Default OT - Cost of obtaining a land valuation

Edward wrote:
My family has an interest in a piece of farmland which we wish to sell
to another beneficial owner. We have instructed valuers to provide a
value, but they have given an estimate for providing the valuation of
between £750 and £1200 (priced at £120 per hour). I am not a
surveyor, but given that the plans show the area, and that calculators
are cheap (I've got a free one on my computer), how can this involve
anything more than a) visiting the plot and determining the quality of
the land, and b) having decided what the price of that type of land in
that area generally goes for, multiplying cost-per-acre x number-of-
acres.

The plot is less than half an hour's driving time from the surveyor's
office. I can't see how this could involve more than three hours
work.

Thoughts?

Thanks

Edward


So ring another surveyor and tell him you've been quoted £500, which you
consider a little on the high side.