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Property valuation

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  • 11-04-2014 8:00pm
    #1
    Ecoco85
    Registered Users Posts: 16 ✭


    Hi all,

    Just wondering if it matters that the estate agents selling the house are also the ones you pay to value the property for you for your mortgage application??


Comments

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    #2
    colm_c
    Registered Users Posts: 2,031 ✭✭✭colm_c


    I'd imagine there would be a conflict of interest.

    Best checking with the bank though, as they'll ultimately need to sign off on the valuation.


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    #3
    L1011
    Registered Users Posts: 68,883 ✭✭✭✭L1011


    Banks are unlikely to accept a valuation in such a case. They may also not be an accepted valuer for the bank to begin with - they should provide you with a list.

    In my case, the two acceptable valuers nearby were the EA I was buying from and an independent solo one; I was effectively instructed to use the latter.


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    #4
    Steven81
    Registered Users Posts: 1,249 ✭✭✭Steven81


    You have to have an independent valuer


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    #5
    Trish56
    Registered Users Posts: 1,256 ✭✭✭Trish56


    Estate Agent would be aware that they cannot do valuation when they are selling the property. Lender will give you the list of valuers on their panel and you select from same.


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