Hi
Need a house valuation as in 54th month. Payplan has said they can arrange and cost can be added to IVA I am not sure how independent this valuation would be but also feel guilty getting estate agent round under false pretences as I have no plans to sell. Would be grateful for advice
I admit to lying to an estate agent to get a valuation when I had to, in fact just this week they called me to ask if I was still considering a sale and I truthfully told them that not right now but hopefully this time next year I would be so they're going to give me a ring back at some point.
I told them we were relocating and quickly so needed a quick sale. He then sent me via email the valuation pack and I forwarded this to my IP who accepted this.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I wouldn't worry, they are used to giving valuations for properties that people dont then put on the market. You can always pretend that you have changed your mind about selling - and don't forget they make a LOT of money out of house sales anyway (cost a fortune last time we sold a house). If I were an estate agent I would quite enjoy an hour out of the office having a nosy around someone's house and taking a few photos - maybe if you go for a chain rather than an independent agent you might feel better about it?
My OH is an estate agent and this happens to him all of the time. He does whinge about it, especially as he feels that his time has been wasted. However, it's all part and parcel and comes with the territory. For every potential client who doesn't come on the market, there's usually someone who does.
We have moved and sold several houses over time, the general consensus is to get 3 separate valuations from 3 different agents. They all come and give you there valuation, it doesn't mean you have to go with them.
You could always say that you thought it would be worth more so therefore your finances won't stack up therefore your staying put for now.
I agree with Lesley, ask for a quick sale price therefore less equity available for the 85% LTV if this is one of your clauses. My mom recently sold her house, it was valued at £140K. After waiting a long time and being offered silly amounts she accepted £132K. Ask them for their honest opinion not what they think it could achieve.
Good Luck
**23'04'14 - IVA Complete F&F Agreed with payments made to date oh and a fat PPI reclaim helped too. Completion Certificate received 23'10'14 ** After a couple of years of waking up and 'surviving' the day I now wake up and 'Live' for the day!!
**Any comments I make are purely my own opinions**
Currently ( and for some time) agents are still putting houses on the market at around 10% over the actual price realised. Remember the value is what it sells for NOT what you ask for it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by allison
Hi
Need a house valuation as in 54th month. Payplan has said they can arrange and cost can be added to IVA I am not sure how independent this valuation would be but also feel guilty getting estate agent round under false pretences as I have no plans to sell. Would be grateful for advice
We just had ours valued today by an estate agent. Felt awful lying, but what choice did we have.
I'd get one done yourself if you can.
Karen.
Got ours coming up n next few months. Not looking forward to it. Just hope the valuation is in our favour as ltv is borderline and then we can draw a line under this awful mess
Why not let Payplan do the valuation then, and if you don't agree with the figure then you can always use the local estate agent to give you a second opinion.
Most firms that provide professional services do a lot of work for which they don't get paid - this happens a lot in my profession too, and is all part and parcel of the game.
I let Payplan arrange my valuation and they used the same company who valued my house at the start E-Serv. I think you will find that they value your house lower than an estate agent which is what you want. I didn't fancy spinning a tale either.
The problem I have had is that the whole thing has taken months and it still is not sorted. Although I think this is more a delay at Payplan's end. Hope you have more success.
