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Property / Market Valuation- worth it when buying a house?

4 replies

Kico99 · 22/06/2023 17:08

Hello!

I'm purchasing a house which I had to go over asking price by quite a lot to secure it.

I've had a mortgage approved and I'm getting a level 3 homebuyers survey just to be sure of any issues but is it advisable to also add a market valuation to this based on the current volatile housing market?

Not sure if a lower valuation would help me renegotiate a lower offer if the survey itself doesn't show any real issues?

Thanks!

OP posts:
CatsOnTheChair · 22/06/2023 17:20

Hasnt the mortgage survey got a valuation with it?

Kico99 · 22/06/2023 17:22

CatsOnTheChair · 22/06/2023 17:20

Hasnt the mortgage survey got a valuation with it?

No unfortunately not, it was just carried out as a desktop valuation to see if they could lend me the amount I was after. I have a large deposit so from their perspective they are covered even if the property dropped value by a large amount

OP posts:
CatsOnTheChair · 22/06/2023 17:25

In which case, yes!

Kico99 · 23/06/2023 10:17

CatsOnTheChair · 22/06/2023 17:25

In which case, yes!

Thank you!

OP posts:
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