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RICS Valuation
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Yes, if you believe based on local EAs that the surveyor's val is a bit high then query it using local comparables. Valuing isn't an exact science and the valuer is unlikely to be as close to local house prices as the EA.0
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I think difference was at least 14K b/w 1 and 2 bedroom as these were brand new flats...I am tired with the shared ownership. Never ever buy a shared ownership... I paid for the RICS valuation and none of the three local EA are even close this. One of the Estate Agent said the value is maximum 120K but it can go even lower.If they will not re-consider I will sell my flat I think....0
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Update....Few weeks ago, I challenged the RICS valuation but it was rejected.Then I paid for another RICS Valuation from a different chartered surveyor and his valuation is 10K lower than from the firsy surveyor. The new valuation is more inline with what five different local Estate Agents has valued it.My housing association has also accepted this new valuation.Now I got another issue. I have just found the mortgage company will also be using the same surveyor who did first valaution of my property.I am confused what will happen that if that surveyor raised that they valued this property higher than the new selling price.0
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Any help with above....?0
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