u/Dense_Employment_149

Shared ownership RICS evaluation too high

I’m currently trying to sell a 40% share of a one bed flat valued at £265000 (£106000 for the share). The flat has been on the open market for 2 months with a few enquiries but no one actually turning up to view it.

There weren’t any similar flats on the market when I initially got the valuation, however there are now a few seemingly identical flats that have popped up (including one in my building) all advertised at £250000 for the full share.

My RICS evaluation has now expired. Does anyone have any experience/advice for getting a different one? Can I just extend the current valuation or do I have to pay the couple of hundred quid again? Also can the housing association be funny about using the lower valuation?

Thanks!

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u/Dense_Employment_149 — 8 days ago