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Valuation first and then Instruct Sols ???
livalicious
Posts: 349 Forumite
Hi there,
Im a FTB and just had my offer accepted, so not sure what is best to do first.
Should i wait for the mortgage lender to do valuation of the property and survey first and then instruct solicitors, so that if the property is valued less than the offer or requires extensive / costly repairs, then i wont have lost funds on searches,etc if i had to pull out of the sale. Or do i instruct them now while waiting for mortgage application to go through, etc.
At this stage i dont really want to lose money if i can avoid it, and to my mind it makes sense doing the valuation first, but the sellers ea is getting narky (offer only accepted this morning - sheeesh :eek: ) and wants my sols details like yesterday, because the "vendors are pushing for the sale to go through."
Does anyone have any good advice as to what this clueless girl should do?
Im a FTB and just had my offer accepted, so not sure what is best to do first.
Should i wait for the mortgage lender to do valuation of the property and survey first and then instruct solicitors, so that if the property is valued less than the offer or requires extensive / costly repairs, then i wont have lost funds on searches,etc if i had to pull out of the sale. Or do i instruct them now while waiting for mortgage application to go through, etc.
At this stage i dont really want to lose money if i can avoid it, and to my mind it makes sense doing the valuation first, but the sellers ea is getting narky (offer only accepted this morning - sheeesh :eek: ) and wants my sols details like yesterday, because the "vendors are pushing for the sale to go through."
Does anyone have any good advice as to what this clueless girl should do?
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