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Council RTB, is it worth getting the district valuer
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Kittyxxx121
Posts: 3 Newbie
As the title suggests. I've put in an application for right to buy. The council value the house at £195,000, but I've just had a RICS survey and valuation done and they value the house at £175,000.
Looking at online portals, Zoopla value the house at around £188,000, where as on the market value it at £160,000, so there is a huge disparity of prices.
I was wondering if it is worth appealing to the district valuer, are they more likely to increase rather than lower the council's price?
Does anyone have any experience of this as either a buyer or working as a district valuer?
Looking at online portals, Zoopla value the house at around £188,000, where as on the market value it at £160,000, so there is a huge disparity of prices.
I was wondering if it is worth appealing to the district valuer, are they more likely to increase rather than lower the council's price?
Does anyone have any experience of this as either a buyer or working as a district valuer?
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Comments
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I forgot to add, many thanks in advance for your help1
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The "valuations" on the likes of Zoopla are a load of mince, especially for a property which has never been sold on the open market. Have you checked what similar properties have sold for recently?0
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It is possible though extremely unlikely the DV's value would be in excess of the council'sIf you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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If the survey has valued it £20k below the council valuation, it is possible any mortgage provider would also. Then they'd be looking at LTV as to whether they'll lend on it. Maybe speak to the council about the RICS survey?1
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The council do not accept surveyors prices, the price is the price as far as they are concerned. If I don't like their price I have to appeal to the district valuer who has the final say.
There haven't been any recent like for like sales. The house next door was last sold 8 years ago for £110,000 nothing else0 -
If you're not happy surely take it to the DV. Hopefully for you they come back lower than the council. The council has a duty to achieve the best value for tax payers so absolutely shouldn't drop their asking price without guidance to do so.An answer isn't spam just because you don't like it......0
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The council will not drop the price without evidence from an independent professional valuer.
This is purely to prevent anyone's mate or relative of someone on the council getting their LA house cheap.
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