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I have a shared ownership flat that I am about to put on the market. I own 50% and the housing association have said I can put my half on the market with an estate agents valuation. They have said that if a prospective purchaser wants to buy my half and the half they own, a RICS survey will be required. Do I have to get the RICS survey or does the prospective buyer get that? Thanks ink advance
When I sold my s/o house I had to get a RICs survey and it was the seller’s (my) responsibility to pay for this. This was a valuation rather than an actual survey. It was the rule when I sold that this had to be done first and it had to be sold at the price but I’m guessing things have changed since then if they’re allowing you to get a EA valuation. Note though if the RICs valuation puts it lower than the EA valuation, you will have to sell for what the RICs values it at.