How do valuers sleep at night????

propertyman

Yes I can help;

My local comprehensive with A levels in Economics and History- capital markets boom and bust- they are cyclical by nature
NOT reading the mainstream and conventional thinkers ( but filtering out the wacko's) about future trends.

Hearing Gordon Brown changing the golden rules he said would never change and knowing that it was in fact all over & only a matter of time.

I am genuinely sorry about your plight, but pleased that you are only frustrated and disappointed and not one of those who has lost their home.

HAPPY_BEING_A_YUMMY_MUMMY

Absolutely - my heart genuinely goes out to them X

poppy10_2

HAPPY_BEING_A_YUMMY_MUMMY wrote: »

My whole thread was really about valuers from out of the area not taking into account hot spots and demand for a house

There was no realistic demand for your house, that's why it didn't sell at the price you were asking over the last two and a half years.

jc808

poppy10 wrote: »

There was no realistic demand for your house, that's why it didn't sell at the price you were asking over the last two and a half years.

This. Forget about this 'micro climate' (lol) as it clearly doesnt exist.
In fact frame this above your fireplace

propertyman

But that's wrong, they do exist. The problem is that the valuer acting for the lender is looking at properties for the lender's security over the life of the mortgage not a local or in this case individual peak in demand.

Many years ago we had a house on the books which was on with everyone and had been for a year or so it was oversized for the road and location, and priced nearer the level of houses with similar size in that location or arrangement. An applicant wandered in and said that they had seen it with everyone why was that. I explained the above. I recall him saying I was the only person to give him a straight answer, and asked to see it.

They bought it after a little haggling, because they wanted the accommodation but couldn't afford the comparable house elsewhere.

There are relatively few people and houses where people make that trade off. The fact that the vendor tried to stiff us on commission was just the icing on the cake these were the only people we sent over, and he had to pay us 3% plus VAT