www.iva.co.uk

I am at week 54 and need to supply a valuation on my property.Whats the best way to approach the estate agent?Do you tell them your in an iva?And do they give written valuations.Thanks Phil

Hi, I personally didn't tell them, I told a white lie and said I needed a quick sale due to some circumstance I made up...they emailed me their pack with my valuation which I forwarded to my IP and this was acceptable. To the estate agent I did say, sorry for wasting your time when they followed up my enquiry but things have changed again and they were fine, all free too.

I was the same as Lesley - said I was possibly being made redundant and would need to move. They sent me a written valuation which I sent off.

I also said that things had altered when they followed it up.

We allow our clients to pay the agent and we will reimburse the cost [within reason]. This allows you to tell the agent what you want and they will then not artifically inflate the value to try and get it on their books. For the value of a valuation fee you could save a full year's IVA payments.

Hi - if you tell them that they will know you're not serious about selling your house and probably won't go out of their way to give you a valuation.

Personally tell them you're thinking of selling depending on the figures. Hopefuly they should send you a letter or e-mail confirming their valuation.

Wrost case scenario you owuld have to pay for a formal valuation but sometimes your IP will pay a contribution towards this. It may be worth it to challnge the IPs valuaiton if it then results that your equiable interest is less than £5K.

If it doesn't bring it down to less than this sum then it's probably academic what figure is used (on the assumption an extension applies to you instead of remortgaging).

We challenged our IP's valuation,they got ours off the Internet,the Internet valuation was at the top end,so we went on the same site
Top valuation was £110000
Middle £101000
Quick sale £92000

So we argued that it should be the house valuation and they agreed.
We had 85000 outstanding,so we had no equity.Hope this helps

The house valuation was the middle figure,in line with the sales in the street

maybe I'm being a little unwise here, but why not be upfront and tell them that you are on the back end of an IVA and you are prepared to pay for the valuation ...be honest with them and this may help your cause to get the correct and honest price, and if you can get some of the value back from your IP then it must be the best way.......or am I just being silly....I have a long long ....long way to go before I face this by the way [:)]

Because if he pretends to be simply selling it in the usual way he is more likely to get a free valuation and won't have to put his hand in his pocket. Paying for a formal valuation is a last resort.

Agree with Lisa - why not pretend? It has worked for a lot of us and the valuation is usually free.