Mortgage Valuation Prep Question

bombata

A house I am selling has been downvalued by 30 k. I had a previous buyer where the house got valued twice at asking price but they had a 80% LTV. Although it fell through in the end. 
Current Buyer is asking for a 90% LTV. He is applying with a different bank and I am paying for the valuation. 

My question is: Before the valuation last time, I had prepared a sheet for the surveyor with
1.  before and after pictures of when we bought the house.
2. A list of renovations (we gave the house a 50k makeover)
3. Comparable property sales within 0.5 miles.

My Estate Agent refused to pass it to the surveyor because he said it's like doing their job for them. I disagree because I think its giving them evidence and helping them. 

The house is not overpriced and in the same range as 4 bedroom houses in the area. The problem is the all the houses sold on the street were renovation projects so it's hard to compare. On the next street and within 0.5 miles from our house there is plenty of sold evidence in the same price bracket. 

I am just wondering if I should insist that the EA passes on the info this time. It seems to me easier than contesting a wrong valuation? Opinions please? 
Thanks

hazyjo

Seems inappropriate as it's all irrelevant and may pee off the surveyor. Spending £50k doesn't make it worth that, especially if you're looking to break the ceiling price in the road. Nothing you can say or do will make the surveyor believe your house should be valued any more than what they deem fit. The property market is constantly changing - it may be that your house is actually worth less than it was however many weeks/months ago.

davidmcn

I'm with the EA on this one. The surveyor will look for comparables themselves anyway, and what you have spent on the property isn't relevant - they're simply valuing it in its current state.

AdrianC

 bombata said:

My question is: Before the valuation last time, I had prepared a sheet for the surveyor with
1.  before and after pictures of when we bought the house.
2. A list of renovations (we gave the house a 50k makeover)
3. Comparable property sales within 0.5 miles.

My Estate Agent refused to pass it to the surveyor because he said it's like doing their job for them.

Telling them how to do their job, more like.

1 and 2 are irrelevant. The property is being valued as the surveyor finds it, relative to other properties in the market - your 3. And that's the surveyor's job... He knows the market better than you do, and more widely than your cherry-picked examples. He will also look more widely than just half a mile, and will adjust values of other properties appropriately to compare properly.

Bookgal88

As a former valuer, I can confirm that he won't give a monkeys about 1. and 2. and he will do 3. for himself. He doesn't need or want your info (no offence). 

steampowered

Even if the EA did pass it on the surveyor wouldn't take any notice.

"Before and after" pictures are totally irrelevant. What you spend on renovations is totally irrelevant. The surveyor will form his or her own view of the condition of the property when they visit.

Local sold prices are relevant but the surveyor will look at those anyway, and probably has access to better data than you do.

bombata

Ok thanks, I will just have to hope for the best then. It's our last try as if this sale falls though we need to rent it out as it has been empty for 6 months now. It probably was affected by someone selling their house for 60 k less than ours on the same development even though it was a probate sale and not in the same condition. We might have to ride out until the value goes up again.