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Valuation Survey

I believe this has to be completed before a house can be purchased, do these surveys advise of the value of the property and is it possible to pull out of a sale if the property is valued at less than the agreed price?

Thanks

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    shaz77 wrote: »
    I believe this has to be completed before a house can be purchased[/quoute]A cash buyer doesn't have to have a survey, although would be advised to get one. All mortgage lenders will require a mortgage valuation to be carried out.
    do these surveys advise of the value of the property
    Yes.
    and is it possible to pull out of a sale if the property is valued at less than the agreed price?
    Yes, or you could renegotiate the sale price.
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