Accurate valuation
I am currently in the process of selling my property. When I bought the property (a mammoth one bed flat with sole use of a nearly 100ft garden) my only worry was that if I ever came to sell, agents would have nothing to compare it to in the area price wise, because of its huge size.
It has 79 years left on the lease and I gather that a "cash buyer" is interested.
How does the selling process with a "cash buyer" work? I am also concerned about the interested partys surveyors valuation as the other one bed flats in this area simply cannot compare to my flat. How should I approach this problem if he "down" values it in line with the flats of a smaller size?
Its not just about size. However the length of your lease may be an issue here!
There are lots of other factors to consider when valuing such as lease length and I would not expect a good surveyor to have a problem with the valuation. A valuer will use their experience and call in comparables from further afield if they need to.
As your buyer is paying for the valuation why not see what he wants to pay first. May be a good time to sell with HIPS (Home Information packs) on their way.
Seems very hypothetical. Have you considered where you might move to?
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