Bank House Valuation (Halifax/Colleys)

mbga9pgf

House prices have fallen from where you expected. Rejoice! you will save thousands in capital and mortgage repayments!

Simples!

viewsonic1

Catatonia wrote: »

How has the house had so many offers without an EA? Are they all friends?

The house was previously on market but not any more as they received low offers what they expected!

ILW

Catatonia wrote: »

How has the house had so many offers without an EA? Are they all friends?

I was wondering about that. Sounds possible that the OP is being shafted by a so called friend.

WHITEVANMAN

viewsonic1 wrote: »

The house was previously on market but not any more as they received low offers what they expected!

Houses prices have hardly gone up any in the last few months! :eek:
Your view is blinded.
See the edit in my previous post.

shortchanged_2

viewsonic1 wrote: »

The survoy was conducted by 'Colleys Surveyors' as it is owned by Halifax, they valued the house as £145K almost £42K difference; Although new roof and other refurbishment were taken recently; which the surveyor said she haven't inspected the roof properly.

I the words of Andy Gray "you shouldn't have a woman to do a man's job"

johnthebar

If I were you I'd show the vendors the survey and reduce my offer accordingly.

For what it's worth last week I had a homebuyers survey done by Colleys (as my mortgage offer is with Halifax) and so far I have been happy with the service. I have been able to have several conversations with the surveyor and have run repair quotes and builder's recommendations by him.

Did you pay the extra for the homebuyers report? If you did then phone the surveyor and discuss the valuation with them. My surveyor told me what he had taken into account when valuing the property.

ILW

viewsonic1 wrote: »

The house was previously on market but not any more as they received low offers what they expected!

So they expect you (who is supposed to be a friend) to pay more than anyone else was prepared to offer.

viewsonic1

ILW wrote: »

So they expect you (who is supposed to be a friend) to pay more than anyone else was prepared to offer.

As I said earlier, I am keen to buy the house they are not keen to sell, they own multiple houses and this one is rented.

hazyjo

I'd expect to be paying a lower price for them not having to pay EA's commission.

Who told you what the house up the road sold for? The vendors? Or have you done your own research? If you know what agent sold it, I'd ring them to ask and say you're looking to buy in the area (don't say in that road or however many doors up). Are you sure it's exactly the same? No converted loft, no extension, even a conservatory, garage or whatever...

Jx

Benson

I would do what others have advised, reduce your offer - show them the valuation so they don't think you're trying to stitch them up or cut your losses and find another house.
I know someone who paid £50k over what the house was worth and it played on their mind whilst they lived there that they'd overpaid for the house. Needless to say they moved!