Hi everyone, valuation help needed!!

simon_trevenna · 09-04-2009, 07:25 AM

Hello Everyone,

My name is Simon, I am 23 and based in Gloucestershire along with my business partner Karl Ruijsenaars (also a newbie member of Tycoons), who has recently moved here from Lincoln. Our plan is to start a portfolio of buy to let properties in Gloucester.

We have been viewing properties in Gloucester for a number of weeks now and have come across several which fit our criteria. We are now in a position where we want to start putting serious offers in.

It is our intention to use ‘low’ and ‘no’ money down as our finance method and it is therefore of crucial importance that we have prior awareness and confidence in the achievable value (from the mortgage surveyor) of any given property, as this will enable us to effectively work out an offer which fits our criteria for a ‘viable investment’.

To help us achieve this we have started to build a database of the sold and list prices of all comparable properties in our chosen area. However we are finding it very difficult to pin down a value (that we have confidence in) for a property because there is such huge variation (at the moment) in both the list and sold prices but also in estate agent opinion. Unfortunately this lack of confidence is preventing us from putting offers forward and obviously preventing us from starting our portfolio!!!

Does anyone have any advice on how to best identify the value a mortgage surveyor is likely to put on a property? I am prepared to pay a surveyor for a valuation if necessary, but I thought I would put this question out to the collective wisdom of the tycoon community before I do!

Thank you,

Kind regards,

Simon (& Karl)

Parmdeep Vadesha · 09-04-2009, 10:36 AM

Hi Simon,

Thank you for all the ecological survey advice you gave me recently

Re: query, this should be in the general chat section of the forum. Also use the search function at the top of the screen for 'valuation' or comparables for lots of threads on this subject. There is nothing stopping you calling some local surveyors and asking them what they look for when surveying a property. Even better, ask to accompany a surveyor for the day. They do the job by themselves and it's pretty boring so I'm sure a few of them wouldn't mind some company. Offer to pay for lunch or offer to drive your car to the properties. You will learn a lot from this exercise.

David_Duckworth · 15-04-2009, 02:30 PM

Hello and welcome to the forum.

We're a friendly bunch... Please ask if there is anything I can do to help.

David Duckworth

Tycoon Forum Support · 16-04-2009, 01:46 AM

Hi Simon,

Welcome to the Property Tycoons Community forum! If you are looking for the biggest and most successful community of property investors who find and buy bargain properties using little or none of their own money then you've definitely come to the right place

Before you get stuck in, I highly recommend checking out the following essential beginner guides and resources to help you make the most of our Property Tycoons community:

1. I have created a set of free members only training videos to show you how to find bargain properties. I created them all myself to teach our members how they can find bargain properties for very little and often no cost whatsoever. In other words you can use these videos to learn how to find bargain properties without spending a penny on advertising or marketing! These videos are extremely popular with our members and I'll be producing more of them to help you find and buy bargain properties using little or none of your own money.

To watch the videos go to TYCOONMETHOD.COM. PLEASE NOTE - these video files are HUGE so they may take a few minutes to load up. I wanted to make sure I packed in everything you needed to know about finding and buying bargain properties using little or none of your own money so I didn't leave anything out

Oh and while you are in the free downloads section you may want to check out all the other documents, audios, videos and files we have created to help you make more money in property. The free downloads section can be found by going to TYCOONMETHOD.COM. This section of the forum contains dozens of free downloads you can use to make more money out of the property business with less risk. The audio sections for example contain several interviews I conducted with some of our most successful Property Tycoons community members (my personal favourites are "How To Buy 150 Properties In 2 Years" and "How To Buy A £165,000 House For £110,000 Using None Of Your Own Money"). We also add a monthly interview with our "Member of the Month" to the free downloads section each and every month. These are also very popular with our members and we have plenty more on the way to help you become more successful in the property business.

2. If you haven't already, check out this link Step 1 -> PLEASE START HERE. There you can watch videos on how to make the most of all the features we have made available for you here at the Property Tycoons forum.

3. Go to this section TYCOONMETHOD.COM to set up your profile, upload your picture and customize the forum to suit you.

4. You can find a list of all our upcoming events and member birthdays here TYCOONMETHOD.COM at our calendar page.

5. To access the ready made deals section of the forum go to TYCOONMETHOD.COM. This is where we post up our popular ready made deals for Tycoons members. To access all our property leads go to TYCOONMETHOD.COM - this is where you can buy the contact details of potentially distressed sellers of properties in your area. The instruction manual for using the Property Tycoons Leads Trading system can be found here The Property Tycoons Leads Trading System User Manual

6. If you have any queries whatsoever you can contact our support department for help. Our "Tycoons Team" is responsible for this role. You can find them by going to The Property Tycoons Discussion Forum - Powered by vBulletin. Scroll down the page until you see the "Forum Feedback And Queries" section. Feel free to post any query or feedback for us in there.

I wish you the very best with your property business and continued success.

Ronald Horsfall · 17-04-2009, 01:53 PM

Hello Simon

And a big welcome to the Property Tycoons Forum.

On here you will find like minded people who will only be happy to reply to your posts and give you all the help and advice that you are looking for. We are a very friendly and helpful bunch and are very good at sharing information, advice and experiences.

Wishing you every future success in your property business.

Ron & Ann Horsfall

davidjunor · 19-04-2009, 02:27 PM

Welcome simon

There is never enough you can learn from a forum like this, it’s one of the best. The information on here is never ending. I recommend using the search tool – it will save you hours of crawling through threads to find the answers

If you are looking for 25% - 35% BMV Property Leads, simply follow the links below and add yourself to the FPSN mailing list, you will get the very freshest leads delivered directly to your inbox – daily!

If I can help in anyway, please don’t hesitate to ask. Help is never far away.

Wishing you the very best with your property business.

To your Success
David

Paul Gelder · 23-04-2009, 08:40 AM

Welcome to the forum.

It is genuinely full of diverse resources and knowledge. It is the right place to start if you wish to complement your knowledge or, if you are more experienced, to take the next step in your property business. I am a Solicitor and I act for many investors here on the forum and I can be of any assistance to you then please do not hesitate to contact me.

Many thanks

Paul
Email: paul.gelder@ms-law.co.uk
Tel: 0161 772 4500
Web: Property & Litigation Legal Services, Manchester // MS Law

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