Question: Should You Get More Than One House Valuation?

What if valuation is more than offer?

On an extra positive note, the mortgage lender should have no problems with lending against a property when the value is higher than the purchase price.

Lenders only have a problem if the valuation comes in lower than the amount being paid..

Can I get a free house valuation?

Yopa offers a free valuation service, and you can start the process online. Get your home valued! You can also use an online estate agent to sell your house.

What happens if property valuation is lower than offer?

So if the property is valued lower than the agreed price, this ‘loan-to-value’ (LTV) ratio will effectively increase in relation to this lower value. … The price you’ve agreed to pay may be way over the odds, given the location or condition of the property.

What if my house is worth less than I owe?

In a short sale, your mortgage lender agrees to let you sell your home for less than what you owe. In such a sale, you can price your home more aggressively to move it quicker. Say your home is worth $150,000 but you owe $180,000 on your mortgage loan.

Can 2 agents to sell my house?

A: YES! All real estate contracts are negotiable! But the key is to find agents that “work” together, even if they don’t work for the same brokerage. This is common in divorce cases- each party may hire their own agents- and all four (or more) must work the deal together, which may cause issues by itself.

How many house valuations should I get?

That’s why three separate valuations are recommended. Remember that, while you will want to maximise the sale value of your property, if it’s over-priced it may be difficult to sell.

Can I put my house up for sale with more than one agent?

The simple answer is yes. The real question is why would you want to? Two agents are usually employed either because one agent has failed to secure a sale or because another promises you they have a buyer waiting.

How do I prepare my house for valuation?

Preparing your property for an Estate Agent ValuationClear the clutter. Potential buyers don’t want to be distracted by all your clutter, they want to clearly see the space and be able to imagine their own furniture in it. … Clear outside areas. … Discuss reasons for selling. … Extensions and planning. … Get the kettle on.

What happens if valuation is lower than offer?

Most people don’t know what to do if the house valuation is less than the offer….How to deal with a down-valuation?Challenge the valuation. … Go with a higher Loan-To-Value (LTV). … Reapply with a different lender. … Re-negotiate and lower your offer.More items…

Can you work for two real estate companies?

A. Yes, a broker-associate can work in the capacity of a salesperson for another licensed real estate corporation or corporations as long as it is permitted under the affiliation agreement signed by the applicable parties.

Should I use multiple real estate agents?

Working with more than one real estate agent is fine when you haven’t signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA. “You can use as many as you wish unless they stop to ask you to make a commitment to them, in writing,” Aguilar adds.

Can I work with multiple buyers agents?

Yes, a buyer can work with multiple agents as long as they don’t have a written agreement with an agent. In most areas this is called a buyer’s broker agreement or buyer representation agreement. This agreement basically states a buyer agrees to work with a specific agent and buy a home through that agent.

Can estate agents lie about offers?

Estate agents are unlikely to lie about offers, because the risk of a buyer withdrawing from a sale is not worth the small amount of money they will gain if you increase your offer. It is true that many estate agents earn commission on the final sale price of a house.

Are you liable for anything after selling a house?

To hold a seller responsible for repairs after the closing, a buyer must prove that the seller withheld material facts about the home’s condition. A seller is unlikely to be held liable for repairs after the close of escrow if the seller disclosed all known defects to the buyer.

Can you use 2 estate agents?

A sole agency is still only using one agent, but if you find a buyer yourself you don’t have to pay commission to the estate agent. … If you appoint two estate agents to act together for you in selling the property, this is known as ‘joint agency’ or ‘joint sole agency’.