Right to buy

Gareth73

Hi. My partner and i recently got our right to buy valuation here in Leeds. It is £112,500. Before me, my partner put in right to buy 2 years ago and got a price of £80000 but did not go through with it. we would like to buy together but feel this a drastic price increase and have told the RTB teams legal department who said they cant give their reasoning behind the valuation. They said go to the District valuer. Has anyone had this experience and been successful in getting a reduced value? A house of the same size on our street but privately owned and renovated sold in August for £97,500.

Bluebirdman_of_Alcathays

Grabs popcorn.....

marksoton

Could be any number of reasons. Anecdotal evidence isn't going to count for jack.

If you're not happy do as the legal team suggest.

Cakeguts

http://www.rightmove.co.uk/property-for-sale/property-45183885.html Buy this instead and leave the council house as a council house for someone else who can't afford to rent in the private sector.

Lioness_Twinkletoes

Cakeguts wrote: »

http://www.rightmove.co.uk/property-for-sale/property-45183885.html Buy this instead and leave the council house as a council house for someone else who can't afford to rent in the private sector.

Ah, but that won't come with a big, fat, discount.

OP, follow the advice given by your LA if you are determined to play your part in utterly decimating social housing stock.

SnooksNJ

If you get no love from the council I know of an amazing house in Leeds that's up for sale.
http://www.rightmove.co.uk/property-for-sale/property-57003451.html

Bluebirdman_of_Alcathays

SnooksNJ wrote: »

If you get no love from the council I know of an amazing house in Leeds that's up for sale.
http://www.rightmove.co.uk/property-for-sale/property-57003451.html

Yours for £108k!

DPDRC90

Majority of house prices have gone up over the last 2 years so this shouldn't surprise you.

If you feel the valuation isn't right, then you have 3 options.

#1. Take the advice of the legal team.
#2. Purchase the property and appreciate the discount you are receiving.
#3. Don't buy it.

csgohan4

Can of worms time

AdrianC

You could have bought it for £80k two years ago. You chose not to.
Two years passed, during which the housing market changed a bit and the political environment changed a bit...
Unless you have a time machine, the price now is £112,500. You can choose to pay that now, or you can choose not to pay that now. The LA do not have to sell it to you if you don't want to buy it.
If you don't pay it now, you can ask again in two more years - it might have gone up more.

So... do you want to pay that much or not?

If you don't think that a fair price for this house, today, then you have a choice. Buy a different house, or stay renting this house.

Ah, decisions, decisions...

csgohan4

AdrianC wrote: »

You could have bought it for £80k two years ago. You chose not to.
Two years passed, during which the housing market changed a bit and the political environment changed a bit...
Unless you have a time machine, the price now is £112,500. You can choose to pay that now, or you can choose not to pay that now. The LA do not have to sell it to you if you don't want to buy it.
If you don't pay it now, you can ask again in two more years - it might have gone up more.

So... do you want to pay that much or not?

If you don't think that a fair price for this house, today, then you have a choice. Buy a different house, or stay renting this house.

Ah, decisions, decisions...

Some people get large discounts and that is still not enough, what has the world come to? especially at the tax payers expense.