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Posted: Sat Jan 17, 2015 3:58 pm
by Clare.mc
Hi I have been told to get valuation on my house, do i have to use estate agent or can I use company from local press who will give me quick sale price?
Posted: Sat Jan 17, 2015 4:21 pm
by Michael Peoples
You can use who you like and any costs should be met by the IVA. That is how we work anyway.
Posted: Sat Jan 17, 2015 4:29 pm
by winter_blues
It may be better to get independent valuation - that's what I will be doing shortly as you can ask for a forced sale basis and can be 10-15% less than the market valuation. Local estate agents tend to overvalue.
As Michael says, the costs can be met by the IVA. Think £100-£150 is the going rate where I live for a valuation. Getting it done this way might make the difference between ending after 5 or having to extend for another 12 months - particularly when your amount of equity is around 15%.
Posted: Sat Jan 17, 2015 4:40 pm
by Foggy
Before you engage a surveyor check with your IP if the fee can be deducted from your next payment. Not all firms are as forward thing or client focused as Michaels.
Posted: Sat Jan 17, 2015 5:47 pm
by hubert
And just to re-iterate - you want a QUICK or FORCED sale price.
A normal valuation is often based on aiming a bit high then letting people knock you down.
Posted: Sun Jan 18, 2015 9:04 pm
by vaughan
could you use zoopla for valuation?
Posted: Sun Jan 18, 2015 9:34 pm
by Foggy
Some IP's will accept zoopla. However, you could be doing yourself a diservice as zoopla assumes the house is in good order ( which after 5 years of little or no maintenance, might not be the case ). It also averages out house prices in a given region. Finally, it will not give a forced sale valuation and you could find you end up with equity on paper that doesn't actually exist.