Pre-purchase, Insurance and Valuation Surveys - Steel and GRP vessels, narrowboats and cruisers & supplier of Tercoo Blasters! Norfolk Broads, Northants, Cambridgeshire, Leicestershire and East Midlands
Valuation Reports are inspections performed to gather sufficient information to determine the fair market value of the boat, this will include checking key inventory items which may significantly affect the value of the craft. When compiling a valuation report, in addition to an assessment of its overall condition, I also take time to study the current local state of the market for the type of craft under consideration. The valuation can be carried out afloat or ashore and does not make any statement about hull condition. Such an inspection is useful in setting an offer price when purchasing a boat, any firm offer should always be made subject to a Full Condition Survey.
The Valuation Inspection usually requires a couple of hours plus another hour to write up the report.