PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

Re-negotiating after survey

Options

Comments

brit1234 Posts: 5,385 Forumite

1 March 2010 at 11:46PM
Options
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.

:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

Save our Savers

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

MSE News

Tesco shopper? You've got ONE WEEK left to spend £17 million of expiring Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check when your vouchers are due to expire as there's only one week left to spend or extend nearly £17 million-worth before they run out on Friday 31 May.
Energy bills to fall by 7% as new Price Cap is announced – Martin Lewis explains what you need to know
Energy regulator Ofgem has announced the new Energy Price Cap, with prices set to drop by 7% on average from 1 July.
Energy bills to fall by 7% as new Price Cap is announced – here's what you need to know
Energy regulator Ofgem has announced the new Energy Price Cap, with prices set to drop by 7% on average from July.
Energy bills to fall by 7% as new Price Cap is announced – here's what you need to know
Energy regulator Ofgem has announced the new Energy Price Cap, with prices set to drop by [x]% on average from July.
EE and Plusnet to refund exit fees for some and allow others to leave penalty-free after failing to give key contract info – what you need to know
If you joined EE or Plusnet on or after 17 June 2022 and were charged early exit fees after leaving your broadband, landline, mobile or TV contract early, you may now be due a refund.
How to get free pet food and treat coupons for cats or dogs
Pets aren't free, and usually react even worse than children when you try to downshift their dinner, so with the cost of living crisis showing no signs of letting up, is there any way to save money on your pets quickly and easily? I've found a few apps that could help, but it's worth noting most (not all) discounts are mainly for cats or dogs.
Nationwide to pay £100 'Fairer Share' bonus to millions of customers again – here's who will get the payment and when
The £100 bonus will be paid to millions of the building society's current account customers who also have savings or a mortgage with it.
Martin Lewis: 'Chancellor – will you end the awful cliff-edge on carer's allowance that means if you earn 1p over £151 and you lose £80 a week?'
MoneySavingExpert.com founder Martin Lewis has grilled the Chancellor Jeremy Hunt on whether he'll fix a so-called "cliff-edge" with carer's allowance that causes people to lose their entitlement when they earn just a penny over the threshold.
MPs finally call for compulsory financial ed in English primary and secondary schools after damning evidence from Martin Lewis and others
MoneySavingExpert.com founder Martin Lewis has welcomed the Eduction Committee's new report – which has put forward many of his proposals – arguing that every child deserves to be properly equipped for independent financial life.

View All

PLEASE READ BEFORE POSTING

Re-negotiating after survey

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free