The ‘discount off RICS’ valuation myth
Brett has asked me to write about some of the frustrating things I am finding as I search for property investment opportunities
which are suitable for our clients. I have to say that many of the things that are happening in the market at the moment are enlightening
to say the least.
Recently I've been getting offered a lot of these "...discount off RICS" type deals.
The "...discount off RICS" type deal refers to a set percentage discount (say 25%) from the valuation
that gets carried out on behalf of the lender by a RICS surveyor.