Differences between home report value, market value & surveyors value

[ProseccoThyme]

I'm in the final stages of separation & it looks like my ex-partner will buy me out.

Of course the market is red-hot just now.

I've instructed a surveyor to provide a "market valuation for marital purposes" (or something similar) & have the results.

However I'm wondering how this compares to a home report valuation or what it would actually achieve on the open market.

I'm likely to have to force the sale through court, so have the cost of that to consider too.

Any surveyors or estate agents out there?

I’m neither a surveyor nor an estate agent. But In today’s market in most of Scotland you would expect to receive an offer over home report value.

How much over depends on the area and how desirable your house is - the size, condition, area. If you get lots of viewings and several offers you would go to closing and hope to get at least 5-10% over home report value.

If there’s a few viewings and no offers then you might be happy to a accept an offer at just over HRV.

Have you been watching Rightmove for properties like yours? you can search for ones that are already sold.

There’s info on Scotlis of course but it’s always a few months out of date . Of course it’s easier if there are lots of sales of houses like yours in your area.

Have you asked all your local estate agents ?

Thanks, I'm just trying to gauge if the surveyors report reflects the price it would achieve on the open market or whether it's a mortgage-type evaluation figure - I might give them a call to clarify.

I would be surprised if it is not a home report type valuation.If you are in a hot spot we ae seeing 20% plus over the HR value day and daily

It will be a mortgage valuation. That’s all they can do. You may get more on the open market (no guarantee) but those paying over HR value have to pay the difference between HR valuation and the price they offer from savings. You cannot add that to the mortgage.

Thanks @extravirginoliveoil - I thought so too. Places here are going 10-20% over valuation.

I cannot believe the selfish bastard is choosing to stay alone in a 4-bed house, rather than selling & allowing the children to be housed better with their main carer, using the proceeds of the free sale on the market.

We will be in a poky flat; there is nothing in their school catchment within budget.

A court process will take years & cost £20-30K, as he has made me a "fair" offer at valuation.

Selfish, selfish bastard.

OP are your dc already at school because once you're in you don't have to stay in catchment - it would affect a transfer to secondary if they're at primary though.

@Iggi999 - my eldest is about to start secondary in August.

I'll get the separation agreement drafted to ensure that I don't move out till after 1st day at high school so he doesn't lose his high school place. Then I have to hope that the youngest gets in on siblings out of catchment place in future.

Their dad knows there is nothing in catchment in my price bracket but wants me out 8 weeks after agreement is signed.

Disgusting specimen.

Why can't you refuse to let him buy it? Assuming it's half your house.

The legal advice I've had is that I will have to go to court to force a sale.

Apparently if he's made me an offer at the valuation price, then I've been seen to refuse a reasonable offer & would be liable for the court costs of 20-30K , deducted from my proceeds.

So anything I got over the home report value would be swallowed up by that.

It just seems so unfair. Poor kids. They are going to be upset.

Wow, I didn't think that one person would have that choice - what would happen if both of you wanted to buy out the other?
I had assumed your ex wasn't the dc's father but reading again I see he is - could his address not be used for school purposes?
You hear of people who have been allowed to stay in a house till the children grew up, I'm so sorry you're having such a crap experience of this.

Yes I wondered if his address could be used if they stay part of the week with him? Just keep that as the address they're registered at for school

The council where I live states that the school place follows the parent with majority care (me).

And if I move out of catchment then I'd have to do a placing request for the school where he is now registered to for secondary starting in August.

So I'll be staying put until day 1 of secondary school, then can move after that.

What a horrible man. Horrible thing to do to your kids.