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What does a valuer do

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  • 10-02-2018 11:40am
    #1
    Criss1
    Registered Users Posts: 2 ✭


    Hi! My landlord told me that a valuer will come see my flat. Does that mean he is selling? The landlord lives in a different house on the same property


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    #2
    GerardKeating
    Registered Users Posts: 7,654 ✭✭✭GerardKeating


    Criss1 wrote: »
    Hi! My landlord told me that a valuer will come see my flat. Does that mean he is selling? The landlord lives in a different house on the same property

    Could me, might also be getting some form of build insurance.


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    #3
    Victor
    Registered Users Posts: 78,411 ✭✭✭✭Victor


    Most likely they will just look around and maybe measure the rooms.

    The landlord might also be remortgaging or asking the bank for a lower mortgage rate.


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    #4
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,351 Mod ✭✭✭✭Gumbo


    Hope for the best, but plan for the worse.
    Start looking around Incase the LL is selling as the valuer is the first step in the sales process.


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    #5
    Criss1
    Registered Users Posts: 2 ✭Criss1


    kceire wrote: »
    Hope for the best, but plan for the worse.
    Start looking around Incase the LL is selling as the valuer is the first step in the sales process.

    Thanks everyone! And does everyone know how long selling usually takes? The contract says he has to give a month notice, but would I gain a few more months with the selling process or once the real estates come in I need to vacate?


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    #6
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,351 Mod ✭✭✭✭Gumbo


    Criss1 wrote: »
    Thanks everyone! And does everyone know how long selling usually takes? The contract says he has to give a month notice, but would I gain a few more months with the selling process or once the real estates come in I need to vacate?

    Depends on location, price and condition.
    Just sold my grans house as she has moved out.
    So no sitting tennants, no unusual planning issues, straight sale.

    Sale agreed in October and closed this week.
    I heard 3 months is the norm from sale agreed to closing.


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    #7
    L1011
    Registered Users Posts: 68,807 ✭✭✭✭L1011


    Contract time is irrelevant if your legal entitlements are higher - how long have you lived there?


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    #8
    ethernet
    Registered Users Posts: 3,568 ✭✭✭ethernet


    Could it be for property tax? Maybe he needs to get a more recent valuation for Revenue. Or maybe that’s being too optimistic.

    My own landlord sent someone over to do this last year. Turns out it wasn’t for the purposes of a sale. Hopefully it’s the same in your case.


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    #9
    raxy
    Registered Users Posts: 848 ✭✭✭raxy


    Probably just changing mortgage to fixed rate. I just had to get a valuation done to go from variable rate to lower fixed rate.
    Valuation would be done by the purchaser not the seller so doubt he's selling. Our sale took about 5 months but could have been less as we had to wait for bank approval for 2 of those.
    Property tax rates are still frozen so it wouldn't be that either.


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