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Original poster

OH F88K - housebuying advice please

93 replies

Beccarollover · 17/07/2004 17:07

Hi

We were ready to exchange this week on our new house BUT went to solicitors today to sign where she informed us that our has been devalued by the buyers surveyor to the tune of 12k!!! This is totally crazy - its a 5 year old house up for 117k (we accepted the offer of 115k) and in the last few months about 3 or 4 have sold with the same agent as ours for at least 115k with no problems.

I spoke to the agent and she is as bemused as me she said the surveyor didnt ring for comparables which they do normally so seems to basing this valuation purely on his own perspective - she is ringing him with comparables to try and talk him round - Im not at all hopeful about this!

Our buyers have offered to meet us half way which would be 110k but I cant accept this valuation - in this area you just cant buy anything for 105k and our street is one of the two nicest in the area....

Our sellers are going to lose their house if we dont complete by next friday.

I DONT KNOW WHAT TO DO - please, please, please does anyone have advice?

OP posts:
noddy5 · 18/07/2004 20:59

I truly truly know what you are going through.We are in the process of this too.Can you go into the office 1st thing I may have to do this tomorrow

Original poster
Beccarollover · 18/07/2004 21:26

What for tho noddy? what will I achieve? It seems to all be hanging on the opinion of the d*ckhead surveyor!

OP posts:
Original poster
Beccarollover · 19/07/2004 09:29

WOOOOOOOOOOHOOOOOOOOOOOOO

Estate agent just rang - the surveyor has been on the phone and admitted he undervalued and upped it to the original price!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OP posts:
ks · 19/07/2004 09:30

This reply has been deleted

Message withdrawn

noddy5 · 19/07/2004 10:25

SO happy for you!Good luck with your move hope it all goes smoothly from now on!

sponge · 19/07/2004 10:42

That's fantastic news.
Are you exchanging now then?

CountessDracula · 19/07/2004 10:43

Wow brilliant news Becca!

Original poster
Beccarollover · 19/07/2004 10:51

Solicitor is getting on to buyers solicitor to push for exchange - I presume we can exchange as soon as their new mortgage offer is released - now I wonder how long that will take!

OP posts:
Demented · 19/07/2004 11:42

Phew!

bran · 19/07/2004 11:44

Fantastic Becca, I hope the rest of it goes smoothly after all that stress.

Original poster
Beccarollover · 21/07/2004 19:16

,,,,,,,still havent exchanged

OP posts:
ks · 21/07/2004 19:21

This reply has been deleted

Message withdrawn

Original poster
Beccarollover · 24/07/2004 11:09

Well! Things are looking good....

The elusive fax turned up on Thursday from their mortgage lenders - we were meant to be exchanging yesterday but that has now been moved to monday for some reason or another - BUT all parties are agreed on completion on Monday and monies are ordered from the banks so fingers crossed I may just be moving!

OP posts:
mummytosteven · 24/07/2004 11:11

fingers crossed for you becca - and remember to have the loo roll, bulbs, kettle and coffee easily to hand!

Original poster
Beccarollover · 24/07/2004 11:33

I meant to say completion on Friday - no way am I organised enough for Monday

OP posts:
Demented · 24/07/2004 17:40

Hope it all goes well!

butterflybaby · 24/07/2004 18:31

Beccarollover - I've been following this thread. I'll keep my fingers crossed for you, too!

Original poster
Beccarollover · 27/07/2004 13:59

Exchange?

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