Down valuations - do we just hear of those or is it common?

Full_of_angst

There are loads of threads on here about mortgage valuation surveys down valuing. I was wondering, is this because people are more likely to post about a negative valuation experience than when it's ok? Or is it because it's a genuine trend? Also, is this more prevalent with certain locations and/or property types? I did read somewhere that new build flats are particularly being hit by down valuations and was wondering if other types of property are also more likely to be down valued?

Excited13

I think people come here when things tend to be going wrong or when they need advice rather than to confirm their valuation is correct.

I've had two valuations done this year by two different lenders and haven't been down valued. Both properties weren't new builds one was built in 1999 and the other one in the 1930s.

I have heard as you tend to pay a premium on new builds that they do tend to be down valued however I have no experience in this and the only person I know who bought a new build was at the height of the market.

mail2z

Mostly it is people who seek support when down valued, when the property is valued rightly they do not post information in a message board. It is my experience that houses are valued correctly or to say accurately depending upon area they are valued as per market conditions.

StevenMarks

I've also had two valuations done this year and both came back at the agreed price.

In the past I have bought four properties across the years and all have been the same.