Realistic valuation

A

amtw

Guest
We own 2 properties one of which is our principal private residence the other is occupied by my father who has right of residence for life. Like a lot of other people we are struggling to make the mortgages and pay the bills. We have no idea if our properties are in negative equity or not. We need to find out the real value of our properties.

The properties are in a good area South of Dublin and are adjoining so the value of both might exceed the value of each individually.

Does anyone know whether we should approach one of the bigger agencies to value the properties as they might appeal to a different clientel than the ordinary househunter or would a local agent bebetter. We may not be selling but we need to get a better picture of where we stand equity wise. No house has sold on our road in the past 10 years so we can't compare our properties to others locally. The most important thing is we need a realistic valuation; if that is possible at the moment, as we need to make decision based on reality and not hype.
 
I would go with local. If nothing has sold on your road and a house was put for sale there there may be a demand for it. Look at adjoining roads for a comparison too.
If you are having difficulties with cash flow you might want to complete the money makeover section for feedback or read some of the threads already there to get some cash flow saving tips.