I have been to court in January and been declared Bankrupt our IPA is set up (which I have to say is crippling us to say the least) not sure how they managed to squeeze 320.00 per month out of us but in order to be discharged we agreed to it!! any way the next step for us is keeping our property, we owe around 117.000 on the property and have been told that we need to get a valuation, I have an estate agent coming round tomorrow to value. Do I tell the estate agent why i need a valuation, or do I act stupid, obviously we need the lowest valuation in order to be able to keep the property, any advice would be greatly appreciated!!!
My own view (as a one time estate agent) is that you select two independent estate agents (not the large corporates) and seek valuations for a quick sale - say you are thinking of relocating and that your prospective employer has asked you to get valuations.
Also look on Rightmove or Find a Property - the two most popular portals to see what similar properties are on the market for and you can also see actual sales achieved on Rightmove too. The OR will probably look in the same places to get a valuation and then you agree a compromise if you are a long way away.
The one real fact is that prices have risen - albeit slowly in some areas and faster in others.
I wish you well and post back if you need any other comments, Richard
been to court in January and been declared Bankrupt
Posted - 12 April 2010 : 18:27:27
