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Chances of house being significantly down valued ?

3 replies

nellyii · 06/03/2021 15:18

We have found a new home since the last property we were offering on was down valued by 25k eek it needed a lot of work so unfortunately had to pull out.

This new house is really top spec its been extended lots in the same desirable area, land registry has recently updated the house prices
it's the same asking price as the last house and the same size but it looks smaller from the outside due to the layout. The neighbours on the street have smaller sized houses I'm just wondering what are the chances this one will be down valued by such a huge amount?

OP posts:
justasking111 · 06/03/2021 23:19

Mortgage company knocking it back do you mean?

Midlifephoenix · 07/03/2021 01:54

If it's proved in line with recent sales in the area then I don't see why it would get down valued.

WineInTheWillows · 07/03/2021 07:53

We recently didn't buy for this reason- online property valuations etc were putting the property at 50-100K below asking price and there were two others on the same road not to the same spec that were on for 90 grand less, albeit far lower spec and not as extended but same number of bedrooms.

It's a tough old game isn't it, this property lark?

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