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Right to buy Valuation
Snetram
Posts: 3 Newbie
Hi,
I have been given a RTB valuation by my local council,however, I've been told if I don't agree with this valuation, I can have it valued by the district valuer, but if he values it up, ie more than the Council valuation I will be bound by that valuation and not the previous one so basically it's a gamble. I could shoot myself in the foot so to to speak.
Is this true, has anyone else had a similar experience ?
Thanks
I have been given a RTB valuation by my local council,however, I've been told if I don't agree with this valuation, I can have it valued by the district valuer, but if he values it up, ie more than the Council valuation I will be bound by that valuation and not the previous one so basically it's a gamble. I could shoot myself in the foot so to to speak.
Is this true, has anyone else had a similar experience ?
Thanks
0
Comments
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Yes. It's true.
Compare the prices of sold properties in the vicinity with yours and see how they compare. That should give you a good idea of the accuracy of the initial valuation.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thanks for the replies to both queries !0
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