Hi the full market value is considered but remember the market is not good at the moment. Estate agent valuations can be unreliable so if you feel your property is borderline in respect of positive or negative equity the best thing would be to have a valuation carried out by a surveyor.
Hi there robo Welcome to the forum I am no expert but I do know a bit about houses and repossessions etc. I would assume that if the OR do go for a valuation they will instruct the valuers / estate agents to value it in a forced sale situation. i.e th eprice they could reasonably expect to get in a quick sale, (around 30 days) Someone else will be along to either confirm this or to put me straight.
Edited by - harbourmaster on 14 September 2008 23:43:29
When your house is valued
Posted - 14 September 2008 : 21:50:41
