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Divorce - House valued low on purpose? (3 Posts)
Started By:
28 March, 2017 09:55AM
Divorce - House valued low on purpose?
MikeStr - 28 March, 2017 09:55AM
I hope this is ok to ask here and I have the right forum?

I am currently going through the first part of a divorce from my wife, who is living in the family home (no kids), while I had to leave a while back.

Now divorce proceedings have started, we need to value the assets we have.

She has already come back and said that the house is suddenly worth less than half it was a year ago (valued by an independent estate agent back then) and worth just over what we paid for it 13 years ago, even with major extensions/restructure to add value, and the London based area.

This is very obviously a ploy to stay, and I get a 'pay off' for very little.

As she lives there, how can I prevent her 'influencing' valuers coming to the home?

I can see it being valued very low, and after the separation, it appearing on the market for over DOUBLE the price within 6 months.

Is there anything I / Solicitor can do? - surely this must be very common and i'm just thinking aloud and asking for advice smiling smiley
Re: Divorce - House valued low on purpose?
davidterry - 28 March, 2017 09:57AM
Ultimately a house can be independently valued by a surveyor/valuer who owes a duty to the court (and who can be sued if negligent).
Re: Divorce - House valued low on purpose?
undlou - 04 April, 2017 01:45PM
That's odd. I bought my Essex home in 2012 for £170,000. October 2016 it was valued at £227,000 and in January 2017 it was valued at £250,000-£260,000. Can you arrange a valuation yourself?
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