Agreed a price for a house - now panicking - help please

[suebfg]

We've been looking for a house for a while now. We were in the process of buying one house and the surveyor said that he estimated the value of the house to be £460k (we'd agreed £480K). We ended up withdrawing from the sale for this and other reasons.

We've now found a house we love - by far the nicest we have seen - and have agreed a price of £485k with the vendors. The house had only just come on the market so the vendor wasn't open to much negotiation. I'm now panicking that we have over offered in our keenness to secure a family home and that the surveyor will down value the house.

Am I being silly?

I should add that we have been burnt previously with a house purchase and so I am emotionally scarred by the whole process.

Don't know, hard to tell without knowing asking price etc. How does it stack up against Zoopla data?

Sue, I offered full asking price, it was worth it to me. Have you gone on zoopla? Its a bit off, not too much, chech the house out, edit the details and get their value for the house you offered on, let us know how you get on.

Well if the surveyor down values the house you need to listen and you can speak to the vendors and show them what the surveyor has said.

Yes, I've been on Zoopla, Mouseprice, Rightmove etc etc - Zoopla is valuing the house at about the price we agreed (I'm sure it wasn't last week - don't know if the vendors have been tinkering) and the others are valuing it less.

Asking price is £499k

I had fun on zoopla with my horrible neighbours house listing on there!

Don't panic, houses that stay on th he market for a while do so for a reason, I.e. there is usually something obvious putting buers off. If you have found something you were tempted to put an offer on straight away, that's a good sign. The bank will tell you if they think you've been reckless.

Don't panic, houses that stay on th he market for a while do so for a reason, I.e. there is usually something obvious putting buers off. If you have found something you were tempted to put an offer on straight away, that's a good sign. The bank will tell you if they think you've been reckless.

Thanks for the advice - I will try to stay calm. As soon as we went to the house, we loved it and on the second viewing also.

How much deposit are you putting down? If it is significant then it shouldn't matter if the surveyor values it as less. It is worth paying a little bit more to get the house you love (provided you can afford it of course)

We have a very good deposit and can afford the house. I don't mind paying a little bit more than the house is worth - as long as it's not excessively so.