valuation came back today question ?

Bella79

hi all

Im buying a new build and we got the valuation report through today for it it says its valued at 215,000 which is what we are paying for it does this seem right ? or should we be paying less ?

were supposed to be exchanging this friday and jst want to get everything clear before we go in and sign the paperwork

Thankyou

Emmzi

you should be paying what it is worth. which the valuation says you are. you can try and pay less but the seller may not accept it!

opinions4u

Well, you agreed a price of £215k.

A valuer, presumably appointed by your lender (who needs to know a reasonable value just in case you 'forget' your repayments), says it's worth £215k.

I think going ahead and paying £215k seems fair in those circumstances.

You could try 'gazundering' .... changing your offer at the last minute .... but this is pretty unethical and could backfire on you if the vendor tells you where to go!