In plain English
This means the property's value has been requested from a professional valuer. The important point is that the order has been formally placed, not just discussed or planned.
In context
Here, it shows that a professional valuation of the property has been requested from a valuer.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- shows that a property valuation has been requested.
Meaning limits
By itself, this term does not say whether the valuation is complete or what value has been given to the property.
Examples
“No figure had been issued yet, but a valuation had already been instructed for the flat.”
“After the offer was accepted, the buyer instructed a valuation of the property.”