We sold our house privately, and accepted an offer £5k under the price valued by 3 different estate agents. We've had an offer accepted on a property, everything was moving well, searches done etc.
Now our buyers have come back saying that their lender's valuation values the house at 15k under the agreed sale price. They can't afford to make up the short fall and we can't afford to drop by that much. Also I disagree with the valuation, we had 3 Estate agents value it, I've done a zoopla valuation and I've looked at recent sales. There are are other sales on our road, but they have one fewer bedroom, no garden and are terraces not semi detached.
Is there anything we can do except put house back on market? In doing so I think we will lose our purchase, as they have already lost a sale once and are desperate to complete (already moved out, living in rented)
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Our house has been hugely down valued is there anything we can do?
33 replies
FannyGlum · 30/03/2016 15:34
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.