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Halifax valuation makes property 20k less than my asking price offer
Comments
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Hi peeps. I was droped on my hed as a baby. I want to buy a donky for £300,000 but the bank wil only let me hav £30 for it. Can I sue everybodi?0
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Just wait a couple of years and we'll get people crying cos the house they paid £300k for is now only valued at 200k and how could they let that happen.
*rolls eyes*
Valuation is what the bank is prepared to lend on it - and in a falling market every day that goes past its likely to get lower.0 -
ValuableYouth wrote: »Hi peeps. I was droped on my hed as a baby. I want to buy a donky for £300,000 but the bank wil only let me hav £30 for it. Can I sue everybodi?
Oh you are a character, arent you ay? ay?0 -
I'm a bit dissapointed with my valuation to be honest. They just put down the exact price that I offered, which being a slightly obscure one (£246,700) seems to suggeest they are just being lazy and can't be bothered to come up with a number. Is this standard practice?0
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Muggz: Don't show her the valuation, I am not even sure it is yours to show! I know you paid £400 for it but somehow I think it is still the Halifax's and you are not allowed to show her. The EA will ask to see it for proof but she is bluffing and tring to bully you. The proof is in the pudding, the Halifax are unlikely to lend you all the money you have asked for so negotiate away. This is definitely a buyers market and if the developer has any sense he will know this.
I've only been back in the UK for a couple of weeks but even I can tell property just aint selling! The developer may say he will rent out but he may only be trying to sound confident.
I have a motto for house (and car buying): You can always find a house you like, every time you go to look, the trick is to find the one you want to buy not the one they want to sell.
Have fun, enjoy having the upper hand, hold your nerve but don't be greedy.
PeteW: How dare you accuse a professional of laziness, I am absolutely certain that £246,700 was the only price anyone in their right mind could ever have come in with, ot matter what!!!!!!!!!If anything I say starts to make sense, PANIC!0 -
I'm a bit dissapointed with my valuation to be honest. They just put down the exact price that I offered, which being a slightly obscure one (£246,700) seems to suggeest they are just being lazy and can't be bothered to come up with a number. Is this standard practice?
Where abouts you buying?0 -
arealbasketcase wrote: »Muggz: Don't show her the valuation, I am not even sure it is yours to show! I know you paid £400 for it but somehow I think it is still the Halifax's and you are not allowed to show her. The EA will ask to see it for proof but she is bluffing and tring to bully you. The proof is in the pudding, the Halifax are unlikely to lend you all the money you have asked for so negotiate away. This is definitely a buyers market and if the developer has any sense he will know this.
I've only been back in the UK for a couple of weeks but even I can tell property just aint selling! The developer may say he will rent out but he may only be trying to sound confident.
I have a motto for house (and car buying): You can always find a house you like, every time you go to look, the trick is to find the one you want to buy not the one they want to sell.
Have fun, enjoy having the upper hand, hold your nerve but don't be greedy.
PeteW: How dare you accuse a professional of laziness, I am absolutely certain that £246,700 was the only price anyone in their right mind could ever have come in with, ot matter what!!!!!!!!!
This valuation has like 5 sentences on it anyway doubt it will tell them much !0 -
If you wish to have another valuation done fine - but under no circumstances let the vendors contribute to the cost.
It has to be independent and yours alone.
It looks like you want to throw good money after bad here - I'll value it for you if you like any figure you want but it won't make a blind bit of difference to Halifax's mortgage offer.0
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