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How to get a valuation on a house that is not being sold

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Comments

  • Cat695
    Cat695 Posts: 3,647 Forumite
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • CarineG
    CarineG Posts: 157 Forumite
    All these valuation websites only give an indicative price for a property of similar size. They are not very good if you have had extensive work done/added rooms or features to your property.
  • Cat695
    Cat695 Posts: 3,647 Forumite
    CarineG wrote: »
    All these valuation websites only give an indicative price for a property of similar size. They are not very good if you have had extensive work done/added rooms or features to your property.

    Erm Zoopla lets you add all the extras you want for a more specific quote.

    even room sizes and garden sizes.
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • CarineG
    CarineG Posts: 157 Forumite
    Cat695 wrote: »
    Erm Zoopla lets you add all the extras you want for a more specific quote.

    even room sizes and garden sizes.


    Does it?
    Right, will have a look, thanks!
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    Cat695 wrote: »
    Erm Zoopla lets you add all the extras you want for a more specific quote.

    even room sizes and garden sizes.

    No website can acurately value a house, it can't take into account if a house smells of cat wee, or it is really cluttered or it has an undesirable neighbour (not necessarily a human, I thinking energy sub-sub-substation etc)

    OP, I would have thought the estate agent route was the way to go. Ask 3 for a fair price say your splitting up and want to sell but not give it away (especially as your ex will need to get a mortgage on it and their survey needs to ok the price - no point getting it valued at Y if ex can only really afford X)
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Zoopla's estimates are NOT accurate for many properties; IIRC my flat is worth double what I paid in 2004 and 50% more than the 2007 ceiling price! Yet the flat next door has been up for sale for THREE years ... The best estimate is going to be looking at a range of sold prices for your street or block, adding if you have a two story extension, reducing if you know that prices have fallen since the last sale.
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • sunshinetours
    sunshinetours Posts: 2,854 Forumite
    CarineG wrote: »
    This is interesting.

    I asked an Estate Agent to come value my property last summer as I they had just sold a property of the same size in my block.

    The agent came around, inspected my property and refused to give me a price on the spot. He just indicated what asking price the other flat was on for. The other flat had a different layout with rooms being of different sizes to mine.

    After chasing his valuation the following week, he indicated that he was not going to give me a price, I would have to get a Building Surveyor for that :eek:

    When you ask an Agent to value your property, shouldn't get give you a rough idea of price or was this Agent just incompetent?

    Estate Agents value your house for its supposed market price if they are selling it for you

    If you were after a valuation and not thinking of selling you needed a Surveyor for that. The agent may have sussed that out?!

    If they had sold a similar property in same block then I would have thought it reasonably easy to find out what that sold for as a good guide

    If you were looking to sell and place the business then yes of course he should ahve provided a suggested selling price
  • CarineG
    CarineG Posts: 157 Forumite
    Estate Agents value your house for its supposed market price if they are selling it for you

    If you were after a valuation and not thinking of selling you needed a Surveyor for that. The agent may have sussed that out?!

    If they had sold a similar property in same block then I would have thought it reasonably easy to find out what that sold for as a good guide

    If you were looking to sell and place the business then yes of course he should ahve provided a suggested selling price


    I did not expressly ask for a valuation but why would I get an agent into my property for? I have just contacted another agent online who provides free valuation so will hopefully get an idea of how much my place is worth.
    I am considering selling or remortgaging depending on what the figure comes to.
  • Zoopla.co.uk is a dangerous place to solely rely on house values - it says its figure can value any house in the UK, but like all other sites they are using Land Registry figures freely available to anyone at the LR website. The difference with Zoopla is that they are then using this data (i.e. historical stuff) and house price rises/falls to estimate your home's value - and it is often horribly innaccurate. They reckon my house is worth £523,000 when next door sold for £680,000 last month. So it might be a risky way to divvy up the cash for your divorce agreement!
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