Selling a HTB property - valuation

[ThereWasAHappyLandFarFarAway]

Hello,

We purchased our house 4.5 years ago using the Help To Buy scheme, and are now looking to move to a larger property. I understand that the house needs to be valued by an RICS surveyor, and we will need to pay back 20% of the market value or the sales price, whichever is higher.

For anyone who has sold a HTB property: when did you get the independent valuation done? Before going on the market, or once you’d received an offer on your property?

Thanks!

The valuation is only valid for 3 months, I'd not do it until you have an offer in place

I agree with doing it once you have an offer in place, otherwise you risk having to pay for a second one as they expire after 3 months.

My first flat was shared ownership with a similar condition, the three months expired but the surveyor did a 'desktop update' ie checked local sales and said it would still be the same and didn't charge any t extra to put that in writing

We are currently on the market but with zero interest...agents encouraging us to reduce price but we have no idea what the ‘market value’ of the property is to make sure that we don’t accept less than that 🙈