A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Property valuations

  • esox11
  • esox11's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
11 Jun 12 #336101 by esox11
Topic started by esox11
I am in a position where the FMH is occupied by my S2BX and my one child and i have moved into a property which i share ownership with another family member.

For my E form i need to declare a valuation. Estate agents have been pretty wide ranging in their valuations to the point where they have given a window of £30000 on the FMH and £40000 on the other property.

A surveyors report is £400. But seems the way to go IMO for both properties?
Should we get one each for the FMH or cold we get one and get copies sent to both of us.

Opinions and advice welcome

  • cookie2
  • cookie2's Avatar
  • Platinum Member
  • Platinum Member
More
11 Jun 12 #336113 by cookie2
Reply from cookie2
Normally you would get 3 valuations and take the average.

If you can come to agreement about the value then all is well. If your ex does not agree with your valuations or you do not agree with your ex''s, a judge will ask that you get a survey and split the cost.

  • Gullywhomper
  • Gullywhomper's Avatar
  • Junior Member
  • Junior Member
More
21 Jun 12 #338054 by Gullywhomper
Reply from Gullywhomper
Does anyone have experience of having to get a surveyors valuation? Its looking like i am going to have to go down this route as she is claiming that our property has rising damp/needs new roof/subsidence. Although i''m 99% sure these issues are a complete fabrication, i''m worried that a Surveyors valuation is going to come in a lot lower than estate agent valuations. She is doing all in her power to get the value dropped.

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
More
21 Jun 12 #338070 by Fiona
Reply from Fiona
Apart from inconsistencies the problem with estate agents valuations is that they typically overvalue property by about 10%. As Cookie says if both parties agree you can take the average of 3 estate valuations, but if you can''t agree the value or want a more accurate valuation it''s possible to jointly choose and instruct a surveyor and split the costs. In our case I just offered to organise and pay for the surveyor to move things forward and my my ex accepted.

  • Gullywhomper
  • Gullywhomper's Avatar
  • Junior Member
  • Junior Member
More
21 Jun 12 #338073 by Gullywhomper
Reply from Gullywhomper
Thanks Fiona, So ultimately you are saying that your surveyor valuation came in at 10% under the average of your estate agent valuations... I guess it could work the other way and come in at a higher value but its just the unknown.

  • livinginhope
  • livinginhope's Avatar
  • Platinum Member
  • Platinum Member
More
21 Jun 12 #338077 by livinginhope
Reply from livinginhope
Given the current market it''s very unlikely to come in at higher value.I had a conversation with Estate Agent this week who said Surveyors are erring on the side of caution when valuing properties ie possibly under valuing particularly for mortgage purposes.

  • maisymoos
  • maisymoos's Avatar
  • Platinum Member
  • Platinum Member
More
21 Jun 12 #338084 by maisymoos
Reply from maisymoos
I had a surveyors report done.I provided the names of 3 surveyors my ex chose which of the 3 to use. The cost was split 50/50.

The estate agent valuations ranged considerable in my case by also, by £150K! Surveyors report was well above the lowest and about 25k below the highest.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

The modern, convenient and affordable way to divorce.

No-Fault Divorce £179

We provide the UK's lowest cost no-fault divorce service, managed by a well respected firm of solicitors. 


Online Mediation £250

Online mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Order £259

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support £250

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.