We're selling a shared ownership home – what is a fair price?

The housing association’s surveyor seems to have priced about £50,000 too low

Q We are currently in the process of selling our 40% share in a shared ownership property.

The rules of the housing association are that we have to sell for the price a Rics surveyor sets.
We had our valuation done last week by a local, recommended chartered surveyor and it came in at about £50,000 less than what we were expecting. Now I know everyone thinks their house is worth more than it is, but we were actually being quite conservative in our estimates even though a comparable property in our development recently sold for £85,000 more than our valuation. I rang the surveyor and argued my case, he then re-sent his report and overnight the valuation had increased by £15,000. However, this is still significantly less than we had hoped. Is there anything that we can reasonably do regarding this or do we just accept it get moving? The housing association has one week left to find a buyer for our share then we can put it on the open market. The housing association rules state we cannot sell for more without the surveyor’s agreement, so shall we risk putting on the market for more, in the hope he might agree?

Continue reading...

from Property | The Guardian https://ift.tt/31gXxER
via IFTTT