| T O P I C R E V I E W |
| Sharon.01 |
Posted - 29 August 2014 : 00:58:02
We were made Bankrupt in 2011 & have just received a letter regarding the valuation of our property. Should we get a market value valuation or or a forced sale valuation for this purpose? |
| 6 L A T E S T R E P L I E S (Newest First) |
| Niobe |
Posted - 29 August 2014 : 18:07:40
That's what I did - said I had the opportunity of a job elsewhere in the country and they did a free valuation for me.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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| Viki.W |
Posted - 29 August 2014 : 17:45:23
You will need to get a market value valuation. Tell the estate agents you need to move quickly so you want it to be realistic.
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
| Niobe |
Posted - 29 August 2014 : 12:25:36
Hi,
Sign up to Brendan McCloughlins property price website (it's free) and it will tell you exactly how much houses have sold close to you.
Zoopla tend to err on the expensive side when doing valuations.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
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| Sharon.01 |
Posted - 29 August 2014 : 09:41:29
Hi Viki
The letter from the OR estimates there is £17,000 for me & my husband totalling £34,000. We think that there maybe some equity but not sure if it is as much as that.
Will it be based on a market value or forced sale valuation?
Zoopla estimate for our property is £222,000 & we owe approx £170,000 on our mortgage so looks like there is potentially a lot of equity.
I would be grateful for any advice
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| Sharon.01 |
Posted - 29 August 2014 : 09:35:00
quote:
Originally posted by Viki.W
The official receiver will get their own valuation too. You will need to get a couple of local reputable estate agents to give you a valuation based on how much they think you can realistically get for the property. You can also go online and see what similar properties have sold for just for your own records.
Do you think there is any equity?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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| Viki.W |
Posted - 29 August 2014 : 07:24:25
The official receiver will get their own valuation too. You will need to get a couple of local reputable estate agents to give you a valuation based on how much they think you can realistically get for the property. You can also go online and see what similar properties have sold for just for your own records.
Do you think there is any equity?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
