Re-negotiating after survey

brit1234

timmyt wrote: »

the buyer is not wrong to pay more, not in this climate, as no one knows a property's valuation - which is why so many properties are still on rightmove.

In my view they are clearly are. I think it is safe to say property at the moment is extremely overvalued, fueled by now gone cheap credit, artifically low interest rates and mass fraud.

Now we are coming to the end of the dead cat bounce and property prices are likely to fall back to normal values. You have paid for a surveyor and he is trying to protect you from negative equity as prices have started falling again.

Now if the lenders survey says it is overvalued, I strongly recomend speaking to the seller for a price cut.

Also have a look at basic economics, don't get caught out by false dawns of now ending economic stimulas or stupidly low interest rates which can only go up.