Property Valuations for remortgage - are they being conservatively priced?

ellives

Hi

I am in the throws of re-mortgaging and to hit a LTV rate to acquire the preferred rate, I need to achieve what I'd describe as a realistic valuation.

I have used a few online freebie valuations and they range from reasonable (and over my estimate) to downright scary!

I was wondering if any of the experts know the trend here of late?

Also, if I have a visited valuation, rather than the desk based type, is there anything I can do to influence the outcome - here I mean provide sales info on similar properties in the area etc, not get the wife to meet the surveyor in the nude LOL!

Thanks

sdd7677

sailing in the same boat and browsing quite a lot to get HSBC 3.99% deal. I bought house in 2008 and have three year fix which is coming to end in june 2011

Burridge60

sdd7677 wrote: »

sailing in the same boat and browsing quite a lot to get HSBC 3.99% deal. I bought house in 2008 and have three year fix which is coming to end in june 2011

Are you getting down valued then ?

The wife in the nude would have more influence! But not sure the last few surveyors I have met would notice!

No. They are nice guys really. Overly realistic is how I would describe them. But they also cannot ignore the guy opposite your house that is so desperate to sell he has gone "offers in excess of" on a silly price.

Find out what has sold and what's on the market keep the details to hand tell him how you came about your idea of the value.

davilown

ellives wrote: »

Hi

are they being conservatively priced?

Proberbly not - more like realistic in the current market.

Thrugelmir

ellives wrote: »

Also, if I have a visited valuation, rather than the desk based type, is there anything I can do to influence the outcome - here I mean provide sales info on similar properties in the area etc, not get the wife to meet the surveyor in the nude LOL!

Get 3 estate agents round. Say you are looking potentially to sell. Hopefully quickly, so what would the value be to attract interest from buyers.

Take the lowest value of the three and use this as your guide.

Totally free.

Hoonercat

I've just had a valuation for re mortgage purposes. 2 years ago it was valued (by my current lender) at £187k and values have apparently risen in the area since then. I thought the house was worth about £190k, financial adviser put it at £185k so there were no nasty surprises regarding LTV. Valuation came back at £145-£150k:( I'm appealing it at the moment.
https://forums.moneysavingexpert.com/discussion/3012778

MissMoneypenny

Burridge60 wrote: »

But they also cannot ignore the guy opposite your house that is so desperate to sell he has gone "offers in excess of" on a silly price.

Or people like me who want to sell a house and price it accordingly.

I put a house on the market in the first half of last year when some people thought the house prices rises were back to stay. I tried the optimistic price the EA thought it would fetch for just 1 month; dropped it to a realistic price; sold it (money in the bank) before the house prices started to drop again at the end of the year. Very happy. Neighbours not so happy, but I'm not here to help their finances.

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