Selling shared ownership- whos done it

lynzpower

Hi all

As i have said umpteen times, I am thinking about selling my SO flat.

Has anyone sold thier SO recently, Im wondering about the valuations process and how it works. I do have some standard bumpf from the HA, but wondering if anyone has useful advice for this stage.

How much below market value was yours valued at, how was the sale achieved etc?

Cheers
Lynz
x

suki1964

Sold ours in Feb - a diyso with Notting Hill.

Ive posted many times that we didnt realise as much as we would have if we could have sold on the open market. NH has first dibbs at finding us a buyer within six weeks which of couse with the waiting lists being so long they did so easily.

We had to pay for the surveyor - one of the ones they had listed. Cost about £300 and he valued it 20K lower then we were expecting and could have achieved when comparing ours with same size properties in the roads around us - without the improvments we had made (extra toilet/rear extension, moder kitchen/bathroom, double glazing. rewireing, new boiler etc etc etc)

One good thing was we had all the viewings in the one day (a saturday) and by the Monday we knew the name of our buyer. Bad thing was NH were slow in getting their end of things together and the list of reccomended solicitors wasnt as good as it should have been.Our buyer had been fobbed of with a clerk who couldnt do a thing without someone double checking and signing everything off - really delayed things so much that my furniture had gone and contracts still hadnt been signed and exchanged.

Stressfull isnt the word for it, but hey I lost two stone

Goodluck