Bank survey

[AnneShirley18]

Hi
My flat buyer's bank are coming out to survey the property next week. I know banks are usually cautious and tend to value under market value. I'm curious how much under market value. I feel my buyer has really stalled for time and will use this valuation as leverage to reduce price. The price agreed was 166,000. The market is strong on manchester and the buyer is a buy to let landlord. Thanks

It's impossible to say. For the buyer, it's a business decision he could walk away at any time. Or renegotiate the price depends on what the survey brings up. I had two sales fall through on my house last year, both were investors. I finally sold to a couple who were relocating.