Red Book Valuations
The Red Book Valuation is a brief, written report arriving at an opinion of value for a residential property. The Red Book is a set of practice notes written and produced by the RICS which surveyors must follow when undertaking their work, to include residential valuations.
The Red Book Valuation is not a detailed condition report like a Building Survey or Homebuyer Report - it is merely an official, RICS valuation of a property which offers explanations for its conclusions.