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buying a housing association or council house
Kimberley82
Posts: 1,717 Forumite
How do they work out what the houses worth?
Shut up woman get on my horse!!!
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Comments
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They make comparisons with similar properties sold on the open market.0
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Wee_Willy_Harris wrote: »They make comparisons with similar properties sold on the open market.
thanks, just been looking on my roads and the difference in price on ones on the market is huge, about 30 grand and no real difference.Shut up woman get on my horse!!!0 -
Well, like estate agents, that will be what they base the asking price on. Their valuation can be challenged if the prospective buyer feels that it is too high, and most challenges succeed.0
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Wee_Willy_Harris wrote: »Well, like estate agents, that will be what they base the asking price on. Their valuation can be challenged if the prospective buyer feels that it is too high, and most challenges succeed.
Not sure about that - some places are very accurate with thier valuations - others seem to use Estate Agent asking prices as a guide and as a consequnece are too high.
Its my understanding is that if you are unhappy with the valuation you can ask for a second opinion. However, if the second opinion gives a higher price it is binding and you cannot chose to go back to the first valuation.0 -
Not sure about that - some places are very accurate with thier valuations - others seem to use Estate Agent asking prices as a guide and as a consequnece are too high.
Its my understanding is that if you are unhappy with the valuation you can ask for a second opinion. However, if the second opinion gives a higher price it is binding and you cannot chose to go back to the first valuation.
On average, 36% of LL valuations are reduced by over 10%, only 2% were increased. You pays your money......0
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