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Home Divorce Tips Getting a divorce valuation for your home is never easy

Getting a divorce valuation for your home is never easy

Valuing a home for a divorce can often be a fraught process. Usually  lawyers will want three independent valuations from local estate agents who know the area and the market inside out. Estate agents can be better placed than a formal surveyor to give a realistic selling price for a property as they are negotiating… View Article

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    Valuing a home for a divorce can often be a fraught process.

    Usually  lawyers will want three independent valuations from local estate agents who know the area and the market inside out.

    Estate agents can be better placed than a formal surveyor to give a realistic selling price for a property as they are negotiating sales in the market on a daily basis.

    However, getting an estate agent to provide a divorce property valuation (for free) is not as easy as you might think.

    The reason is simple, in that time is money and they will not want to be wasting their time valuing your house if they are not going to get it on their books for sale.

    So, whatever you do, do not tell them it is a “divorce valuation”, but you are looking to place the property on the market.

    Also, it depends who instructs the agent to value and what they say to them that is important.

    For instance, if the wife asks for a valuation, she is going to generally want a higher valuation than her husband, especially where a transfer of equity is on the cards and a lump sum is to be paid.

    The internet now has plenty of tools to value homes based on average house prices in your area over a set period and the best of these websites in my view is Zoopla.com.

    Zoopla uses up to date Land registry data to present a value based on real sale prices in your postcode and based on the type of house you have, so not just a general value. It changes as the market changes.

    Your Solicitors ( or yourselves), if acting in person should agree that the value obtained from Zoopla will be binding to avoid arguments later if the matter gets to court.

    You should always get legal advice to ensure any steps you are taking are in your best interests. Our advisers can set you up with a 15 minute free telephone or video chat consultation with qualified family law Solicitors.

    This post was written by Mark Keenan. Editor of the Divorce Online Blog and Managing Director of Online Legal Service Ltd. Mark has been writing about divorce and related subjects for over 20+ years and is an expert in legal marketing.