[DA]Deal appraisal
A second pair of eyeson the numbers.
A deal appraisal is an independent, fixed-fee check of a property deal you already have, whether it came from a sourcer, an agent or your own search. I check every figure I can verify, test it on a lower valuation, a lower rent and longer works, and tell you plainly whether I would proceed. Viewings across Greater Manchester and East Lancashire.
- For
- Investors with a deal pack, auction lot or listing in front of them
- You receive
- A viewing, a works estimate, a written appraisal, a call and a clear recommendation
- Where
- Viewings in Greater Manchester and East Lancashire; further afield by agreement
- How it is paid
- A fixed fee per property, credited if you instruct me to buy within three months
- What it is not
- Not a RICS valuation or survey, and not financial, legal or tax advice
Last reviewed , by Kian Peake.
Whose numbersare these?
If someone has sent you a deal, the numbers were prepared by the person who is paid when you buy it. I appraise it for you instead.
I am not competing with the person who sent it. I am checking it, for you, before your money is committed. If the deal is good, I will say so, and you can proceed on your own or instruct me to buy it for you.
Every figure,marked up.
What a deal pack usually shows, against what the appraisal tests.
| Item | The deal pack | My appraisal |
|---|---|---|
| The price | The asking price, with a headline discount | Set against sold evidence I can find |
| The rent | The rent or nightly rate the deal needs | Checked against what the deal assumes and what the area supports |
| The works | A figure, if there is one | Scope, the likely cost range and what is missing from the pack, from a viewing |
| Finance and fees | Often left out | Included, with the sourcer's fee |
| Planning and licensing | Rarely mentioned | Article 4, HMO licensing and lease restrictions on short lets checked first |
| The exit | Assumed | Who would take it on, and on what terms |
| The downside | Not shown | A lower valuation, a lower rent and longer works, shown either way |
Proceed, renegotiateor walk away.
A viewing
I view the property and estimate the works, so the appraisal is not built on photographs.
A written appraisal
Within an agreed number of working days, every figure tested on the downside.
A short call
We go through it together, including the parts that nearly worked and why they did not.
A clear view
Proceed, renegotiate or walk away, said plainly.
Not a valuation,not advice.
It is not a RICS valuation or a survey, and it is not financial, legal or tax advice. A lender will not rely on it. If the deal needs a survey or a solicitor, I will say so.
Fee: a fixed fee per property, including a viewing and a works estimate, confirmed in writing before I start. If you then instruct me to buy within three months, the fee is credited in full against the buyers agency fee. How fees work.
Straight answers.
What is a deal appraisal?
An independent written check of a property deal, covering price, rent, works, fees, planning and the exit, tested on the downside.
Is it a valuation?
No. It is not a RICS valuation or a survey, and a lender will not rely on it.
How long does it take?
I agree a turnaround before I start, usually a few working days once I have the pack.
What if the deal is good?
I will say so, and you can proceed on your own or instruct me to buy it for you, with the fee credited.
Send me the deal.
The pack, a link or an address. I confirm the fee and the turnaround in writing before I start.