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  • FIRST POST
    • tashjovi
    • By tashjovi 13th Mar 18, 5:19 PM
    • 2Posts
    • 1Thanks
    tashjovi
    Can a tenant get a valuation on a rented property?
    • #1
    • 13th Mar 18, 5:19 PM
    Can a tenant get a valuation on a rented property? 13th Mar 18 at 5:19 PM
    Hoping someone can help

    Can someone who rents a property get a valuation on the property that they rent/live in? If so how would they go about it?

    The property has never (in over 100 years been sold) so Zoopla etc is some help but not really what is needed.

    Thanks in advance!! Appreciate any help
Page 1
    • fairy lights
    • By fairy lights 13th Mar 18, 5:21 PM
    • 8,580 Posts
    • 28,547 Thanks
    fairy lights
    • #2
    • 13th Mar 18, 5:21 PM
    • #2
    • 13th Mar 18, 5:21 PM
    Call a few local estate agents and ask them to come and value it? They wouldn't know you were the tenant unless you mentioned it.
    But why would you want to? Are you planning on buying it off the landlord?
    • eddddy
    • By eddddy 13th Mar 18, 6:20 PM
    • 6,618 Posts
    • 6,488 Thanks
    eddddy
    • #3
    • 13th Mar 18, 6:20 PM
    • #3
    • 13th Mar 18, 6:20 PM
    Call a few local estate agents and ask them to come and value it? They wouldn't know you were the tenant unless you mentioned it.
    Originally posted by fairy lights
    I think it wouldn't be too difficult for an EA to guess.


    Based on this....

    The property has never (in over 100 years been sold)...
    Originally posted by tashjovi
    Unless you prepare your story very carefully, I can imagine the conversation going something like this:
    EA: So you're the owner
    OP: Yes
    EA: There's no record of any sales on land registry - they started publishing them in 1995. So did you buy before 1995?
    OP: Yes
    EA: Well you look like you're about 30, so did you buy the property before you were 7?
    Personally, I would be up-front with the EAs. Over the years, I've found quite a few EAs who are happy to share their opinions on property values etc, as goodwill gestures.
    • G_M
    • By G_M 13th Mar 18, 6:38 PM
    • 44,745 Posts
    • 53,252 Thanks
    G_M
    • #4
    • 13th Mar 18, 6:38 PM
    • #4
    • 13th Mar 18, 6:38 PM
    The alternative is to pay a surveyor for a formal written Valuation - jut like a mortgage lender does.
    • shortcrust
    • By shortcrust 13th Mar 18, 6:42 PM
    • 2,029 Posts
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    shortcrust
    • #5
    • 13th Mar 18, 6:42 PM
    • #5
    • 13th Mar 18, 6:42 PM
    Go on, tell us why!
    • es5595
    • By es5595 13th Mar 18, 6:55 PM
    • 82 Posts
    • 100 Thanks
    es5595
    • #6
    • 13th Mar 18, 6:55 PM
    • #6
    • 13th Mar 18, 6:55 PM
    Just say its your parents (or grandparents) property, they're now living elsewhere and you're about to move out, so they want to sell, and have asked you to make a start on the donkey work.
    • AdrianC
    • By AdrianC 13th Mar 18, 7:48 PM
    • 17,818 Posts
    • 16,132 Thanks
    AdrianC
    • #7
    • 13th Mar 18, 7:48 PM
    • #7
    • 13th Mar 18, 7:48 PM
    Can someone who rents a property get a valuation on the property that they rent/live in?
    Originally posted by tashjovi
    Stupid question - why?

    It shouldn't be hard to get a wet-finger ballpark, if you're thinking of buying it from the landlord. Close enough so that you know if it's realistic to open discussions with the landlord. If the property hasn't changed hands in over 100 years (how do you even know this?), then the chances they'd sell it now are very low.

    If you're just being nosy...
    • shortcrust
    • By shortcrust 13th Mar 18, 8:03 PM
    • 2,029 Posts
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    shortcrust
    • #8
    • 13th Mar 18, 8:03 PM
    • #8
    • 13th Mar 18, 8:03 PM
    I have to say Im not very impressed with the suggestions to lie to an EA to get a service from them. I know EAs arent universally popular but its still a pretty crumby thing to do. I cant see how it different to stealing from a moral standpoint.
    • freeisgood
    • By freeisgood 13th Mar 18, 8:22 PM
    • 522 Posts
    • 798 Thanks
    freeisgood
    • #9
    • 13th Mar 18, 8:22 PM
    • #9
    • 13th Mar 18, 8:22 PM
    If it is because you are thinking of asking the owner if they would sell to you and you want to find out if you can afford it, then I would be honest and tell any estate agent just that. You could always offer them small payment as a thank you.
    • agrinnall
    • By agrinnall 13th Mar 18, 8:25 PM
    • 20,490 Posts
    • 16,279 Thanks
    agrinnall
    If the property is similar to others nearby then just look at prices on Right Move or Zoopla to give you some idea of a ballpark figure.
    • theinbetweener007
    • By theinbetweener007 13th Mar 18, 8:34 PM
    • 23 Posts
    • 18 Thanks
    theinbetweener007
    Nobody cares if it annoys estates agents as they are grossly over compensated for what they do in addition to only ever caring about lining their own pockets.

    Personally, Id do my own research or call an estate agent, describe it and ask for their view.
    • shortcrust
    • By shortcrust 13th Mar 18, 8:51 PM
    • 2,029 Posts
    • 3,021 Thanks
    shortcrust
    Nobody cares if it annoys estates agents as they are grossly over compensated for what they do in addition to only ever caring about lining their own pockets.

    Personally, Id do my own research or call an estate agent, describe it and ask for their view.
    Originally posted by theinbetweener007
    I knew there'd be an 'oh who cares it's only an estate agent!' reply.
    • tashjovi
    • By tashjovi 13th Mar 18, 8:53 PM
    • 2 Posts
    • 1 Thanks
    tashjovi
    Something like that - he needs to sell
    • Smodlet
    • By Smodlet 14th Mar 18, 4:12 AM
    • 3,482 Posts
    • 6,701 Thanks
    Smodlet
    Hi tashjovi and welcome. Why should you not get a valuation if you are serious about buying this property? You are not alone:

    http://forums.moneysavingexpert.com/showthread.php?p=74019033#post74019033

    HTH.
    What is this life if, sweet wordsmith, we have no time to take the pith?
    Every stew starts with the first onion.
    I took it upon myself to investigate a trifle; it had custard, jelly, soggy sponge things...
    • Plus
    • By Plus 15th Mar 18, 12:39 AM
    • 355 Posts
    • 280 Thanks
    Plus
    There is also the question of 'what kind of valuation do you want?'

    For instance, the EA may value it high in order to get the business, and then be forced to drop the price when offers don't come in. Or a mortgage company might value it low, playing down current frothiness in the market.

    So get the sort of valuation that accords with your purposes.
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