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I want to buy my rental home but how much is it worth?
Elsterap
Posts: 93 Forumite
Hi.
I like my rental home and I'd like to offer my landlord a fair price based upon a real valuation.
I have done the online valuations based in size and postcode which have given wildly different results. Also I have looked at similar houses in my street which has also given wildly different results.
How can I get the house valued professionally? Will I have to pay?
I assume an estate agent won't be interested because they won't be getting any business from the valuation.
I like my rental home and I'd like to offer my landlord a fair price based upon a real valuation.
I have done the online valuations based in size and postcode which have given wildly different results. Also I have looked at similar houses in my street which has also given wildly different results.
How can I get the house valued professionally? Will I have to pay?
I assume an estate agent won't be interested because they won't be getting any business from the valuation.
0
Comments
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Your landlord should ask an estate agent or three to value it. He doesn't have to put it on the market with any of them.0
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Has your landlord indicated that they are interested in selling the house? There is no point in getting a valuation if the landlord doesn't want to sell the house.0
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I think the landlord may consider it if I say what he could get0
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I think the landlord may consider it if I say what he could get
If he has considered selling this property he will know how much it is worth. If he isn't interested in selling it he won't be interested in how much he can get. You need to ask him if he wants to sell it otherwise you are wasting your time.0 -
but if you want a valuation to see if you'd be able to afford it before approaching the LL either
* pay an RICS surveyor for a valuation
* get some estate agents round and pretend to be the owner
* look up sold prices in the street and check if the properties were similar to yours0 -
Our previous landlards were not interested in selling till we mentioned we were looking to buy. However, they'd heavily extended it and wanted to recoup the cost of the extension. We didn't love it so much that we'd pay over the odds so bought elsewhere.
They'd moved for their son's school so were in rented and planning to return.0
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