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Farm valuation discrepancies

I am selling a farm for my mother, and I have had a specialist estate agent valuation at £625k. Some people we know approached us and asked to buy the property. We agreed to have a second valuation with another specialist estate agent recommended by the other party which we paid for. The second valuation came in at £465, we rejected this valuation and put the farm to auction, we have already had per-auction offers over £625. Can I claim the valuation fee back from the second estate agent as there valuation was hopefully not worth the paper it was written on and not deliberately dishonest?

Asked on Jul 12 2015, Selling in West Midlands | Report content

Answers (1)

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  • If they can professionally and technically justify their valuation in court, it would be difficult to claim back the valuation cost for this.

    Answered on Sep 7 2018, Report content

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