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Advice needed - What if Suveyor undervalues???
newtoitall
Posts: 81 Forumite
New build development has been up almost 2 years, a house on the development is being sold which has been lived in for a year. If the buyer paid £219000 for it in 2009 - will the surveyor take that as value or compare it against the current properties still being built (same house) now selling betweeen £249 000 to £254 000 in 2010.
Sales woman at Newbuild has said the houses were priced a lot lower than they were originally valued at to kick start the site. Initially up for £279950 then dropped to £219000.
The house for sale is being advertised at £235 000. Obviously being a new development this is the first house that has come up for re sale.
Can anyone give any thoughts on what the surveyor will take into consideration?
Sales woman at Newbuild has said the houses were priced a lot lower than they were originally valued at to kick start the site. Initially up for £279950 then dropped to £219000.
The house for sale is being advertised at £235 000. Obviously being a new development this is the first house that has come up for re sale.
Can anyone give any thoughts on what the surveyor will take into consideration?
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