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House valuation

28 replies

Shery7788 · 11/07/2019 00:04

What should i expect from the valuation of a house by the lender's surveyor ?
Do they normally undervaluate the property?
Are they trusted in their reports and reflect the truth about the real value of the house ?

OP posts:
Shery7788 · 11/07/2019 18:48

Yea exactly

OP posts:
Lonecatwithkitten · 12/07/2019 07:07

If there is such a problem you get the appropriate trade to look and give you a quote. That quote is the basis of your negotiation.
If it is something that would not have been obvious then the vendors probably will enter into discussion. If it is something that was visible at viewing like the windows or the details said in need of modernisation and it is the wiring they could tell you to jog on.

AJPTaylor · 12/07/2019 07:13

wait until you get the valuation.if it matches what you have offered you can still make a reduced offer. Or pull out if that's what you want to do. You do not have to buy the house at the price you have offered.they do not have to sell the house to you for less than they want.

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