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Bank House Valuation (Halifax/Colleys)
Comments
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viewsonic1 wrote: »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.
That is fair enough if you wish to pay more than the place is worth. Sadly the bank will not let you use their money to do it.0 -
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!
And having overpaid, with flat house prices, the OP is going to have to wait a good deal of time before coming close to recouping his outlay, and god forbid house prices might actually fall further over the next few years.0 -
viewsonic1 wrote: »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.
If they were not keen to sell, why was it on the market?
It may well be rented, are they going to kick the tennant out? or should i assume the tennancy may well be ending soon?
Are all their others full of tennants?
They are only not keen to sell at the realistic price.
You are playing into their hands and far too keen, and I think they are being shrewed with the information they would have you believe.
Edit: the bank and surveyor are taking a more responsible view.0 -
The House had a valuation in 2006 of £140K when the current seller was buying it, now in 2011 the valuation came as £145K does it seems to be correct?0
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viewsonic1 wrote: »The House had a valuation in 2006 of £140K when the current seller was buying it, now in 2011 the valuation came as £145K does it seems to be correct?
Seems about right assuming it's not in NI.0 -
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Most parts of the UK prices are still below the peak in 2007. In NI prices are roughly 50% below.viewsonic1 wrote: »Sorry Can you explain this? Thanks0
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