Market Value

[DOS19]

I was wondering whether there is any way to verify the market value stipulated by the Council in their offer.

The most obvious ways to verify are not available to me: I got my mortgage through a broker so no valuation was carried out (or none that I know of as I didn't pay for one) so there is no valuer's report to compare it with. Also as it is a new development which sold out there are no properties on the market to compare with

In this declining market, would it be worthwhile to commission an individual valuation? How much would one cost? Is the Council likely to re-consider their valuation in any event?

 

[MissG]

A valuation will cost you approx 127euro. i would definitely recommend getting one done for your own sanity if nothing else! The council may not be willing to listen to you but if their market value is miles off your independent one you may be better walking away. If it come out to be the same then at least you will have peace of mind!

 

[LDFerguson]

The most obvious ways to verify are not available to me: I got my mortgage through a broker so no valuation was carried out (or none that I know of as I didn't pay for one) so there is no valuer's report to compare it with. Also as it is a new development which sold out there are no properties on the market to compare with

It would be rare for a mortgage to proceed without a valuation. The broker may have paid for it on your behalf. Ask your broker if a valuation was carried out and if s/he'll give you a copy of it.

 

[tabris6ie]

i work for a brokers, no way did you get a mortgage without a val, they probably did cover the cost. they'll have a copy of their files and should be able to email you same

 

[Traceybere]

I got my mortgage throught a broker and pain €127 for the valuation.

You can get an independant one done for the same price