[Closed] house valuations

It's called marketing and it seems to be working.

ask them whether it's a valuation as defined by the Royal Institution of Chartered Surveyors. If the answer is "no", then can I suggest that I "value" your house a £1,000,000

All they do is look on RightMove for similar properties before they visit, pretend to be interested and then pluck a figure from thin air which is probably within 5 or 10k of the number you have in your head

Funny, the exact same company has identified a high demand in the local area for properties like mine.

just got a card threw letterbox from ... Estate Agents

These get auto filed into the bin along with Virgin Media spam.

And yeah, property like mine always seems to be in high demand apparently, and so does everyone else's. Funny that I see property like mine on the market for years and not sell easily.

By a strange coincidence, it will also be the same number that the mortgage valuation survey comes up with. It's almost as if the entire housing market was a game to keep estate agents, solicitors and surveyors employed and paid for doing next to nothing!

It's because they all look on Zoopla first - Straight from the horses mouth so to speak. Useless donkeys!

I must admit, I hate the idea of lining the pockets of the trinity of idle gits but it's pretty hard not to if you have to move house (and need a mortgage).

It's because they all look on Zoopla first - Straight from the horses mouth so to speak. Useless donkeys!

Our last remortgage valuation came up low because they looked at Zoopla and the most recently sold house in our street had been repossessed and stripped of all valuables by the previous owner so sold at auction for an absolute bargain. It took no account of the fact that we'd installed new kitchen, bathroom, doors, windows, boiler, etc in the previous four years since buying ours.

Six months after remortgaging, we sold a chunk of the bottom of the garden to a neighbour. As part of getting permission to sell from the mortgage provider we had to get another valuation done, despite it only being 6 months since the last one. We assumed it was to see what difference it made to the value of the house/land, but he only looked at the house and specifically said they don't consider the garden.

We are in a similar situation as miketually, we are the ones the bought the reposseessed house though and did the work. We are just coming up to remortgaging now, however our current lender has just given us a valuation of what we paid for it, plus a bit of inflation without seeing it. Other lenders are asking how much we think it is worth, however playing with the numbers it can make a massive difference to the equity bracket and interest rate that we fall into. But from my experience the mmortgage valuations will just say yes or no to what you think it is worth originally.

Zoopla is no real help as only 2 other houses are listed one is from years and years ago 20+ and for that price you wouldn't get a shed now. The other is about 5 years but we think they paid well over the odds for it, then there is ours.

Funnily enough we have phoned reeds rains up, to come around and do a valuation as though we are selling it which is free.

Zoopla is no real help as only 2 other houses are listed one is from years and years ago 20+ and for that price you wouldn't get a shed now. The other is about 5 years but we think they paid well over the odds for it, then there is ours.

Where estate agents are useful is in knowing how different house types relate to each other. When we sold out 3-bed semi there were hardly any similar houses locally that had been sold recently, but the estate agents knew that a 2-bed bungalow would go for the same as a 3-bed house and loads of those had sold.