What’s a fair way to work out the price of a house question?

SplashSplish

So I have a question about moving in with my long term partner. My partner and I have our own houses, we are thinking about selling mine and I move into her home. I’ve said I could not do that and feel like it was my home as well as hers unless I own part of the house.

So we have discussed I pay 50% of the value of hers when I sell mine, we could then pay the remainder of the very small mortgage off.

My partner is ok with this and understands the house not feeling like mine unless I owned some of it.

So what would be the best way to work out how much the house is worth when the time comes for me to buy into it.
My partner has said it’s worth a lot more than I expected and the valuation seems higher than the market suggest’s?

p00hsticks

pay for a formal valuation from a RICS surveyor. 
(Or alternatively, sell both and buy a new property together that you have both chosen, rather than live in one only chosen by one of you...... )

SplashSplish

Thanks, we considered selling both, problem is we have t seen anything we like to replace.

And tbf I actually tried to buy the exact same style house and location my partners house is currently in on 2 different occasions in the past.

The RICD option sounds fair, I’ll read up on that.

[Deleted User]

Hi,

have a look at Rightmove or Zoopla, see what value similar properties are in the area.

maman

I know you're asking now but I'd certainly wait until you're ready to complete the transaction (your own house is sold) until you get the valuation. The housing market is really volatile at the moment, especially in some areas. 

Savvy_Sue

And, when you've got closer to doing this, you might want a deed of trust setting out that you each own 50%, or whatever it ends up being. And think about wills, and possibly some IHT planning if you're not intending to marry.