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District Valuer. is it worth the risk?
CookandClean123
Posts: 20 Forumite
Hi just wanted some advice, I have applied for Right to Buy and been given a valuation of £415,000. the last houses on my road sold for £391,000 in 2018 and £300,00 in 2022 however within the close area (less than 1/4 mile) houses have recently sold for £450,000. i've spoken with some estate agents and they have said roughly house price is £450,000 however others have said if work needs doing £380,000. I just wanted to see if anyone has been through the process and what there experience has been. I think i should try DV however i know there is a risk they could increase. Any advice would be highly appreciated.
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Comments
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The EAs have given a range of 380 - 450, you have been told 415, which seems like the middle of that range and quite sensible.1
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Gets a RICS valuation report done. DV is unlikely to dispute this.0
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I'm ex VOA and it would be a very rare occurrence for a DV's valuation to be in excess of the landlord's RTB valuation. More likely to confirm the LL's figure.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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I'm ex VOA and the DV would frequently disagree with RICS valuations from the private sector.Hoenir said:Gets a RICS valuation report done. DV is unlikely to dispute this.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0 -
I was thinking to do this as it seems sensible to do anyways if they value lower will the DV take this into consideration.Hoenir said:Gets a RICS valuation report done. DV is unlikely to dispute this.0 -
do you mean even it is valued lower in the RICS the DV would not consider this. Given the situation im in do you think its wise to take the risk?0
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Thank you for this, so definitely worth the risk. I haven't seen any info on being increased normally stays the same or decrease.lincroft1710 said:I'm ex VOA and it would be a very rare occurrence for a DV's valuation to be in excess of the landlord's RTB valuation. More likely to confirm the LL's figure.
I have created my own little document with all the information i have collated so im hoping this will help.0
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