At FDR a year ago we agreed to sell the FMH and ever since I have been harassed to lower the asking price. I have agreed to one price drop but he market is sluggish and no one else is dropping their price. The Ex from hell has just served me with an application to adjust the court order to sell the house in order to take control of the house sale. She wants a quick sale and will accept any offer so it will probably go to a property speculator/developer if she is successful.
How do I respond to her application notice? She has included some papers for the judge to consider, what form do I use to send my papers in for the judge?
The Consent Order says "the initial asking price shall be as follows..."
The judge previously ordered a valuation on the property and foolishly I went with her solicitor''s recommendation (I''m representing myself), and they came back well under market value which I contested. I though it had gone away but now she is saying that she only agreed to the initial asking price because it was agreed it would be reduced in line with the selling agent recommendations who are also seeking a quick sale. She has made much of this year-old valuation and has put it in her bundle to the judge.
I was in Court on Friday for the same thing. My property had only been on the market 12 weeks, the judge said the asking price had to be reduced in line with market conditions, despite the fact that the financial settlement was based on a surveyors valuation just months before. I was due to get all the equity so I am some £25k down:( . If my case is anything to go by and your property has been on the market for so long I reckon the judge would reduce the asking price and you would end up paying the costs of the application!
Presumably the property was valued shortly before the order was made 3 months ago so what has changed so much in the market in such a short time?, is that all the judge said, how long did the hearing last.
The surveyors report was from Oct 2011. My ex went armed with a National Newspaper and read out bits about how dire the housing market was. I had agreed to the price of the property being reduced a week before so it had only been on the market at a lower price for a few days. An offer at 25k less was received this week and I think thats what swung the judge. Seems very unfair as of course anything will sell at a bargain price:(