Hi
We are trying to buy our first home and need some advice please.
We had an accepted offer of £330k (the house was advertised at £335k)
We had our own survey done which gave a valuation of £315k, so £15k less than our offer.
We advised the vendor Estate Agent who accused our surveyor of always under-valuing properties. However, we are in a fairly steady housing market (not London etc.) and the Surveyor is very local, so you'd presume they had a good idea of the local housing market.
The Estate Agent suggested we waiting for the bank survey to take place, which he was certain would show a valuation nearer the advertised/offer price.
However, would this be a foolish move given that the bankers survey is less detailed.
We've sent through extracts from our survey report to the EA which explains the issues with the property and presumably the lower market value.
If the vendors refuse to budge on price and the banks survey is nearer the offer, would this be enough to dismiss our more detailed survey? or should we trust our survey over everything else?
We don't want to pay over the market value, but who is right ?
I'm so confused, please help!
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Our suveyors report shows lower market value than offer
10 replies
Lovebeingmama · 05/07/2017 20:33
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