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Selling a shared ownership property
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Seens to be the opposite is the case. 2299wd wants to be sure it is not being over valued to delay selling for 6 months meaning they will have to pay a further £150 for another valuation.poppysarah wrote: »So having bartered the price down you now want to barter it up?Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits0 -
My understanding was the opposite - that he actually bartered the price up when he bought it - was on the market for £235k, his mortgage surveyor told him it was only worth £200k, but he managed to 'successfully' get them to increase the valuation to match the selling price so he could pay more.poppysarah wrote: »So having bartered the price down you now want to barter it up?
Now he wants to barter the price down as he wants a quick sale and doesn't want it overvalued.poppy100 -
My understanding was the opposite - that he actually bartered the price up when he bought it - was on the market for £235k, his mortgage surveyor told him it was only worth £200k, but he managed to 'successfully' get them to increase the valuation to match the selling price so he could pay more.
Now he wants to barter the price down as he wants a quick sale and doesn't want it overvalued.
Buy high sell low?
No wonder I'm confused!0 -
Hi poppy10.
My months of wrangling initially was not to increase my mortgage valuation, it was to make sure the HA's valuation was inline with the Market and lender's. The negotiating was with the HA who had overvalued the property in the first place. And it is this that I am worried may become history repeating itself.
No-one in their right mind would be pushing for a negative equity situation, I however am going to be in that situation and rather than the process being dragged out a further 6 months when a buyer (hopefully they'll be one) gets to the mortgage surveyor stage, I am trying to ensure it doesn't happen.
The valuation has come back considerably higher than a 5 bed next door is selling for so I will be disputing it.0
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