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House Valuation - Can it be negotiated on a new build?!
GB8583GW
Posts: 30 Forumite
The long and short of this is that I tried to buy a house at a fixed price...the survey was completed and gave the valuation equal to the purchase cost...as it's a new build that's fine.
The goal posts were then moved and the seller pulled out. The house is now back on the market at offers over a price greater than the valuation, which I know to be based on the value of the next phase release.
Can I therefore go back to the surveyors who originally valued the house and ask them to consider the value of the recently released phase as the true valuation? Also would it be feasable to ask them to do this as part of the original survey...i.e. at no extra expense, or even a discounted price.
I know it's perhaps an obvious one BUT I would appreciate the thoughts and oppinions of people from this board.
Regards
Graham
The goal posts were then moved and the seller pulled out. The house is now back on the market at offers over a price greater than the valuation, which I know to be based on the value of the next phase release.
Can I therefore go back to the surveyors who originally valued the house and ask them to consider the value of the recently released phase as the true valuation? Also would it be feasable to ask them to do this as part of the original survey...i.e. at no extra expense, or even a discounted price.
I know it's perhaps an obvious one BUT I would appreciate the thoughts and oppinions of people from this board.
Regards
Graham
0
Comments
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If I'm reading this correctly, you are now going to pay more for the same house!
How many times will you let the seller do this to you?
You could go back to the surveyor and ask for a re-valuation. TBH a house is worth what someone is prepared to pay! I suspect the surveyor will make a charge.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
The change may be possibly downward as well as house prices dropped in October (on average).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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The house is now back on the market at offers over a price greater than the valuation,The change may be possibly downward as well as house prices dropped in October (on average).
Sounds like a greedy seller to me! Actually surprised the seller didn't ask you for more money prior to exchange.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
The seller bought the house with his wife, who recently died. He therefore wanted rid of the house.
After getting wind that the same house, next phase, had jumped £15k he pulled the house off market and has recently put it back on at the increased price - lets be honest we would all do the same.
He did offer it to us at the increased price, and initially we declined however given that it is about half of the house builders increase would I be silly to hold out for the next release and possibly end up paying £25k more?!
I've not bought the house only had it surveyed so far...the house is in Scotland incase you hadn't gathered so we're playing with a square ball.
Thanks.0
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