How to value the house in order to buy my ex out

Fire_Fox

Your ex doesn't seem like she is that bothered about getting you a fair deal so I am not sure why you are bothered about giving her a fair deal?

mlz1413

If you can buy the house it will save HIP cost, EA %, possibly some solicitor costs, removal costs etc so your Ex's 275k could easily be reduced to 265k or less.

I agree with others if you want a fair valuation pay an independant surveyor, but I think you and your ex should pay for one each and then take the average (if there is a difference).

Otherwise let the house be sold. If she has moved out ensure she is still paying 50% of mortgage, insurance and repairs until house sale is completed.

missile

I would tell her you are happy to take over the property and redeem the mortgage, but you doubt it would sell for more than £260,000 in todays market.

She is not going to believe your estate agent's valuation if it is lower than hers, so I see little point in wasting time and money. If she wants more then you have little alternative - let her pay the cost of selling the property.

cheers_drive

Thanks for the replys I understand the 250K stamp duty band pulling the price down, when we bought the house originally we got the price down from £280k to £260k but the seller wouldn't go further as the housing as it was pre crash. It is still the highest selling price in the road, although next door sold for £250k last summer but is not as good (next door said that). The only other comparible road locally had a selling price for £270k last Autumn but that had a loft conversion.

I'll see if the ex will except the mortgage surveyors valuation and if not she will have to organise one for herself.

Garetha

Have you looked at Zoopla? http://www.zoopla.co.uk/home-values/


UK home values

View FREE, instant current value estimates for any UK property.

Simply type a postcode or address into the search box.
The site looks at the price movement in that postcode since the last sale and applies that figure to produce a valuation, seems to work rather well where I've checked it.


Apparently it's the site used by estate agents :rolleyes2

Blacksheep1979

Stick it on the market and see what offers are received. Costs you nothing.

henrik1971

You and your ex could jointly instruct the District Valuer to do you a valuation of the house. They are government valuers and value for rating and tax purposes and their figure should be totally non-controversial.

PennyPincher_L

henrik1971 wrote: »

You and your ex could jointly instruct the District Valuer to do you a valuation of the house. They are government valuers and value for rating and tax purposes and their figure should be totally non-controversial.

they can do that .. thanks for the info..

rosie383

I just had a go on Zoopla. I had a look at the estimates for our house, and next door which are identical. Same level of maintenance, decoration etc. Both with new driveways, newly landscaped gardens. Basically the same house, apart from the fact that we have a double drive, and theirs is single. Their house is valued at £135k, and ours at £115k!!!!!!!!! So I would take their valuations with a massive pinch of salt. That's a big difference.
Can I get a no-obligation valuation? We are possibly wanting to sell our property, and are interested in getting it valued. Can we do this for free?

Garetha

rosie383 wrote: »

Can I get a no-obligation valuation? We are possibly wanting to sell our property, and are interested in getting it valued. Can we do this for free?

Most estate agents will give you a free quote!
(in the hope that you will use them to sell so they can grab thousands off you for doing very little)