Principles of Residential Valuation.

What is the difference between a property appraisal and a residential valuation? What is the Red Book and why is that important in residential valuation? Where do the lenders fit in? This module explains the underpinning principles and complexities of the valuation of residential properties.

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Principles of Residential Valuation

If you are involved in residential transactions, it is essential that you understand the concept of valuation and how a property’s worth is determined, particularly in a volatile market. This module introduces the way RICS valuers instructed by banks and building societies must follow mandatory valuation standards and processes and discusses the things that can impact value.

Content overview

  • An introduction to Residential Valuation
  • Valuation Legal and Regulatory frameworks
  • The Valuation Process
  • What impacts value?

Summary

CPD Subject Category:
Housing - Standards, Legal and Valuation

Study method:
Online

Outcome:
Sava Online CPD Certificate

Duration:
30 hours

Cost:
£600.00 + VAT

Details

Why you need this

If you are involved in residential transactions, it is essential that you understand the concept of valuation and how a property’s worth is determined, particularly in a volatile market. This module introduces the way RICS valuers instructed by banks and building societies must follow mandatory valuation standards and processes and discusses the things that can impact value.

Learning Outcomes

At the end of this course you will have an understanding of:

  • The RICS valuer registration scheme
  • The concept of valuation, including the meaning of ‘comparables’, value and worth,  ‘assumptions’, and how the Rightmove SCT is used by residential valuers
  • The RICS regulatory framework (The Red Book)
  • A look at the UK lending industry (banks, building societies and mortgages)
  • The factors that impact valuation and negligent cases.
  • The process of valuation
  • Automated Valuation Models (AVMs)
  • Diminution in value

Who is it designed for?

  • People who require an understanding of the residential valuation market and why it can be controversial
  • Property professionals who need to explain valuation and appraisal to clients
  • Those who want to understand the UK housing market better
  • Those involved in managing property
  • People involved in residential property transactions

Delivery

  • The training programme is delivered through Sava Learn, our online learning platform. You will be asked to read, research, watch and listen, and invited to check your knowledge through quizzes.
  • You have complete flexibility as to where and when you undertake your learning.
  • You can enrol on this course at any time and work through the content at your own pace.
  • You will have access to the material for a year from purchase.
  • Content created by leading industry trainers
  • Content includes a suite of additional and recommended learning resources (access to Rightmove SCT, and RICS iSurv)

Assessment

There is an online test after completion of the course to demonstrate the knowledge attained.

What are the entry requirements?

There are no formal entry requirements.

Cost

The cost of the module is £600 + VAT. This includes all online training material, the test and the award of the Sava CPD Certificate.