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Agreed house valuation but what if it goes to sale

  • MrSmith85
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7 months 2 weeks ago #509934 by MrSmith85
My ex, her solicitor and I have agreed on the valuation of the house. This is our only asset and we have marital debt that is solely in my name but was for home improvements.

My ex wants the house sold but she also wants a set figure and doesn’t want any responsibility over the debt taking out during the marriage for the house.

If we go ahead and sell the house how does this affect the valuation we have jointly agreed?

I’ve been advised if we sell to advertise with an estate agent at the agreed value - but I’ve also been told to expect less.
Will my ex and her solicitor accept this? Can they demand a set figure from me even if the house sells for less than the agreed value?
House sales in my area are not good and properties are on the market for a long time and all lower the asking price at least twice before being sold.

Do we have to wait out for months for an offer she wants?

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  • WYSPECIAL
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7 months 2 weeks ago #509942 by WYSPECIAL
If she wants a set figure it suggests that she wants a quick sale and doesn't care what it sells for.

They can request a fixed amount but will you agree to it?

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7 months 2 weeks ago #509952 by MrSmith85
I’ve been advised to expect offers lower than what we have agreed the house is worth.

So she can’t possibly get a fixed amount that’s not there?
Surly a percentage - her half responsibility of the house improvements debt would be fair?

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7 months 2 weeks ago #509957 by WYSPECIAL
Well she could expect a set amount if you agree to it but any losses due to a drop in price will all come out of your pocket.

If for example you agree that she gets a set £50k and the house sells for £200k with a £100k mortgage then its a simple £50k each.

If you have to accept £180k then she'll still get her £50k but there'll only be £30k left for you.

As I said before how much it sells for will be of no concern to her. She will just want to accept the first offer and get her set amount.

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