This is in a standard format and is designed specifically as an economy service. It therefore differs materially from a Building Survey in several respects:

It is intended for particular types of properties only eg. houses, flats and bungalows that are:

• Conventional style and construction.

• In reasonable condition.

• Of an age, type and size that does not warrant a Building Survey.

It tends to focus upon essential defects and problems which are urgent or significant and will thus have an adverse effect upon the value of the property - although it does contain other valuable information.

The Homebuyer Report, unlike a Building Survey, also includes a valuation.

What else should I know about the HOMEBUYER SERVICE?

The Service - the inspection, report and valuation - are all explained, in detail, in The Description of the Homebuyer Service.

The main features are:

It is an economy package. Owing to the practical limits of the type of property and the scope of it's coverage, The Homebuyer Service is priced economically - more expensive than the lender's mortgage valuation, but less than the Building Survey.

The surveyor's main objectives are to assist the client:

• In making a reasoned and informed judgement on whether to proceed with the purchase or not.

• Assess whether or not the agreed price is reasonable.

• Be clear as to what decisions/action should be taken before exchange of contracts.

• The surveyor also gives his/her professional opinion on those features of the property which affect present value and may affect future resale potential.

The concise report covers the inside and outside of the building, the services and the site. It focuses on defects/problems which, in the judgement of the surveyor, are urgent or significant. It also covers:

• The general condition and features of the property.

• Particular matters that should be referred to the client's legal advisers.

• Other relevant considerations i.e. safety matters, location, environment, insurance etc.

Matters that are judged to be not urgent nor significant are, in general, not included in the report. However, the surveyor will mention matters judged to be helpful and constructive.

Where the client should take some action before deciding to proceed with the purchase. This is mentioned in both the body of the report and the summary.

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