Drive by valuation

[Almost done now]

Hi all
Is a drive by valuation the same as an online valuation or does somebody actually drive past the house?
I wonder because if someone does drive past I want to meet them and show them all the work needed. Thanks

[Foggy]

I doubt they will actually drive by --- it's a generic term for a guesstimate !

I had a drive by done once, it started, "As can be seen from the road ..... " Trouble is the property COULDN'T be seen from the road !

[another_bump]

Our drive by gave a £20,000 difference on the actual value - nearly 20% out. It's absurd that professionals could give such a huge difference in valuation

[abbiesmum2003]

my proposal states in month 54 the debtor (me) will obtain an independent valuation for the property(not sure if mentions forced sale basis or not but it should be). So when that crops up i will get a local agent who knows thecarea to physically enter my shoddy uncared for property and give true value. online and drive by do not give accurate value and are not stated in proposal. They cant see from the road the internal property condition and therefore cannot give a valuation. Read your proposal and see what it says. I would insist on actual vsluation for a true picture...could be the difference between ending iva and 12 month extension.

[Almost done now]

Such a worry, mine states I get a valuation in month 54 so im going to and hope its used.

[mrsbee]

Almost done now - definitely get your own valuation we are just in the process of doing a f&f offer to our creditors and our firm (CF) offered to get an online valuation done to assess equity I politely declined their 'offer' and got a valuation done at the weekend, which was well worth it as the zoopla online valuation would have given us £10k equity the agent valuation took us £3k into negative equity due to the poor state of the house! The worry over the transfer and the equity release was the main reason for our relative offering us a sum for the f&f. Good luck.

[Shining]

I would encourage you to gain your own valuation too. Zoopla values my house a lot more expensive than I could ever actually sell for due to the location and houses around (I'm the poor relation).

[Almost done now]

Thanks all for help. Zoopla actually under value our house. I will get an estate agent to do a market valuation I just hope they excpt it as im sure they don't use zoopla they must use a firm of some sort. It does sound like the online is always over though.

[No_Money]

Online valuations are always more as they want you to sell your property and if they can make you think it's worth more than you though you might instruct a valuation through them- they get paid a fee for the instruction !