Question for the hub mind - I own a flat 50/50 with my brother. I'm looking to buy some of his half from him so I have a bigger share (He has bought with his wife). We are both happy to do this and it's just a case of getting a valuation.
How would you go about getting an accurate valuation of the property?
I was going to get a number of estate agents to value it, remove the highest and lowest then average the rest. But do I tell them I'm not actually selling? I want an accurate value, not a 'we can get you xxx'.
I don't think there are enough similar flats sold recently to go on sold prices.
I did a similar thing with my brother last year - we got three different estate agents to value it and give us a range 'from x to y' - then averaged this out. We also asked them to be realistic considering that the market has slowed down recently.
Question for the hub mind - I own a flat 50/50 with my brother. I'm looking to buy some of his half from him so I have a bigger share (He has bought with his wife). We are both happy to do this and it's just a case of getting a valuation.
How would you go about getting an accurate valuation of the property?
I was going to get a number of estate agents to value it, remove the highest and lowest then average the rest. But do I tell them I'm not actually selling? I want an accurate value, not a 'we can get you xxx'.
I don't think there are enough similar flats sold recently to go on sold prices.