Valuers Registration Board

The Valuers Registration Board received a letter of complaint dated 26 February 2008 from the complainants. In their letter, they state that they invested in a property with a company, Company 1, who have since gone into liquidation. The development was completed either in late 2005 or early 2006. Valuer M undertook a valuation of the property they purchased, the subject property. Their report is dated 20 March 2006. Apparently, the complainants entered into an agreement to purchase the property with settlement due August 2006. The valuation was prepared following an inspection of the property. Reference is also made in the report to “plans and specifications supplied”.