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Halifax valuation makes property 20k less than my asking price offer

muggz · 2008-07-05 19:23:34

Hi all, Halifax have valued a property im trying to buy at 20k less than what ive offered. The property has just been done up and is well over the asking price using the house price valuation tool Martin suggests in a recent post. The valuation report doesnt even mention it has a en suite and a big garden for a london…

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AMILLIONDOLLARS Posts: 2,299 Forumite

7 July 2008 at 4:53PM

Let your solicitor know what the valuation is, if the developer/EA don't believe you then their solicitor can contact your solictor for confirmation. Seems a bit long winded but there you go!! At that point they can then decide whether they want to sell or not. But don't be a fool easily parted from your money, ask yourself how long would it take you to save up 20K, then factor in negative equity.

This is a business transaction so be business like about, the developers want to make money at your expense and you want to save as much of it as you can. £400 to save £20,000 that very good business sense

Good luck

AMD

Debt Free!!!
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