Help with Mortage Valuation please

myhouse_2

The best advice I've seen on this thread is to get the house builder to reduce his price by at least half the difference. You may think it's worth more (and you may be right since it's not an exact science) but if you need to sell the house before inflation kicks in or prices go back up (which could be several years) your future buyer may have the same problem as you, and may be less keen to pay more than it's "worth".
I have to say I'm a little surprised at the OP because here is a real opportunity to get a discount but OP doesn't appear to want it. That's a decision which could cause some regret in the future.

poppysarah

MadnessOfHPC.co.uk wrote: »

To be honest you'd be best ignoring them. That website is just a repository of mental illness; a psychiatrists wet dream, if you must.

You mean the forum with the people who want house prices to be lower?

Turnbull2000

poppysarah wrote: »

You mean the forum with the people who want house prices to be lower?

I want house prices to be lower, but that doesn't mean I have to behave all deluded and paranoid.

ILW

MadnessOfHPC.co.uk wrote: »

Yes the one that wants the Great British economy in tatters, millions out of work, and good honest hard-working families throw out into the street, so they can pick up house on the cheap like vultures round the corpses of others.

Blimey, I never realsied that if the price of my house dropped by a few grand the economy would collapse and everyone would lose their jobs. Suppose I had better give it coat of magnolia and save the country.

FantomX

HAMISH_MCTAVISH wrote: »

Is that what you think?

It's actually a forum full of deranged people who wish for recession, unemployment, mass reposessions, economic disaster and human misery on a grand scale.

Just so they can "snap up a bargain".

No McTavish, you missed the point and that is why you were put it the TROLL group on HPC. The bears of HPC recognise that High House prices CAUSED recession, unemployment, mass reposessions, economic disaster and human misery on a grand scale.

ess0two

The builder aint gonna budge if other properties are going thru at a higher price.
No doubt the place will sell later to another buyer,via different lender/valuer.

nearlynew

ess0two wrote: »

No doubt the place will sell later to another buyer,via different lender/valuer.....

..... at a lower price.

FantomX

nearlynew wrote: »

You are a very silly boy McTittish

The here and now, point of sale price is what matters.

That is the market value and requires a willing and able buyer.

if it was your own money and you wanted to pay over the odds, fair enough.

but the bank that is lending you the money doesn't want to pay over the odds so you are not an able buyer.
(remember supply and emand)

OP - the bank is doing you a favour. go with their valuation

OP, the above is common sense! Just accept that you cannot have what you want!

ess0two

nearlynew wrote: »

..... at a lower price.

Maybe? but if the 2 other sales are genuine in price etc,why would they accept 20k less.

FantomX

MadnessOfHPC.co.uk wrote: »

Don't be so disingenuous. You, just like the rest of us, know that these vile bitter twisted individuals don't simply want "a few grand" dropped. They want to pick up houses and build their own BTL portfolios for peanuts.

The pot calling the kettle black?

The phrase "The pot calling the kettle black" is an idiom used to accuse a person or thing of being marked with or guilty of the very thing they are pointing out. This may or may not be hypocritical or a contradiction.