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SJE Property Valuation

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Irungu
Posted by
Premium Member

22 Mar 22 #519030 by Irungu

Topic started by Irungu

Hello,
Hope you are all well. We have a buy to let property that we were directed to instruct a SJE.I have now received the report and the values are quite low in comparison to an agents marketing property in the area. Approximately 100k difference? I have tried to challenge this but the expert is taking caution as its in London and the property prices have been challenged by Covid 19??
Which value does the court rely on capital value or investment value?
Many thanks for your continous support.

PM

.Charles
Platinum Member

22 Mar 22 #519031 by .Charles

Reply from .Charles

The purpose of a single joint expert is that you both agree to be bound by the valuation. It is possible to ask questions of the expert (at extra cost) if the rationale is not clear but otherwise you are stuck with it unless you apply to the court.

Charles

Irungu
Posted by
Premium Member

04 Jun 22 #519410 by Irungu

Reply from Irungu

Thanks Charles.

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