Wednesday, May 05, 2010
Lol
Times: Property owners tell valuers ‘it’s your fault’ after crash
There were 25 High Court cases alleging professional negligence over valuations of residential or commercial property last year, according to Reynolds Porter Chamberlain, the law firm. This compared with only one case in the previous five years.
The demands for compensation echoed the rush to court after the recession of the Nineties, when valuers also were sued for negligence.
Posted by mark @ 11:44 AM (679 views) Add Comment
3 Comments
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1. Crunchy said...
By what measure does one value a property. There are no measures now.
You win or you lose. Simples!
2. Simon said...
From the stand point of a buyer any third party valuation is surely only a second opinion .
For a residential dwelling you make up your own mind what it is worth to you based on multiple sources of information .
Unless the valuers have stated estimated maintenance/repair costs which are well wide of the mark or missed something glaringly obvious this just seems like trying to pin the responsibility on someone else .
Assets can go down as well as up .
3. charlie brooker said...
My advice to these imbeciles:
Next time someone tells you "Because you're worth it" stop preening yourself in the mirror and get a second opinion.