Sale of Shared Ownership Property

[mattoc66]

My wife and I are currently living in a shared ownership house with us owning a 50% share and a housing association owning the other 50% . The property has now become too small for our needs and we have decided to sell our share and move into a bigger property. The housing association stipulated that we pay �120 to have a valuation survey done by a company they sell their shared ownership properties to value the house and and then let them know so they can re-sell the house to someone on thier waiting list. However when the survey was completed and submitted to the Housing association and ourselves it was well below what comparable properties are going for in the area. I have had several valuations done independently and they all have put a value of much more than what the survey report has stated. Being as we own 50% of the property and entitled to half of the value of the house is it not right for us to sell for the best possible price? I have sent the housing association evidence that the property is worth more on the open market but they seem adamant that they are going to stick with the value on the survey report.

[Royal Pollen]

can you not force them to sell it to you and then sell it on the open market?

[mattoc66]

That is an option I have considered Royal Pollen but selling a property is stressfull enough without having to go through the whole procedure twice.. The guy who came round to survey the house was in my opinion was very incompetent and wasn't very customer friendly at all. Im certain he wasn't locally based and had no idea of what the current market value was. If he had done his research properly he would have realised the value of very simular properties in the area. I now think its unfortunately becoming a battle between our evidence against his pride