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joint letter of instructions

  • Jusi89
  • Jusi89's Avatar Posted by
  • Senior Member
  • Senior Member
27 Mar 12 #320355 by Jusi89
Topic started by Jusi89
Please can some help me.... I need to know how to write a joint letter from me and the other party to conduct a single joint expert report for valuation on mat home.

  • TBagpuss
  • TBagpuss's Avatar
  • Platinum Member
  • Platinum Member
29 Mar 12 #320605 by TBagpuss
Reply from TBagpuss
key points you would probably wish to include:

- it is a joint instruction, and any communication with either of you must be recorded and set out in the valuation report

- that it is intended to be used withon court proceedings and the valuer''s duty is not to ither of you, but to the court, to provide an accurate report.

-Set out that a copy of the report should be sent directly to each of you

- be clear on what you are asking for - e.g. realistic, achievable sale price, based on open market values,to sell the property within a secific length of time (e.g. 6 or 12 months)

- Ask forthe report to set out what assumptions have been used in making the vlauationa nd what comparables have been used

- be clear on how it is to be paid for. if you are splitting the costs specifiy that you will each be responsible for 50% of the costs and that you should each be billed separately

- check in advance whether you and your ex both want to be present when the hoseu is valued and set out in the letter whether either or both of you will be there, alternatievly, if neither of you will be there, make sure you are clear about who will be, or how the valuer should get access.

- the letter should be checked and signed by both you and your ex before it is sent, so there is no question about whether or not it was agreed. Make sure you keep a copy of the letter.

- if there are any specific points you wish the valuer to consider, set these out as numbered questions (e.g. if you are asking the valuer to comment on any repairs / redecoration which might help a sale, and what difference this would make to the price)

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