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House buying advice needed

Just after some advice on what others would do in this situation. My husband and I have seen a house that we really like in the area that we want to live in.

Over the past couple of months we have watched the house being renovated wondering if it was going to come onto the market. A couple of weeks ago when I was passing I spoke to the joiner who was there and asked if the house was being done up to sell and that we were interested. He said yes and took my number to pass onto the owner (who is a builder). On Thursday I had a phone call from the selling agent he is going to put it on the market with and we arranged to view it yesterday. The house has not been officially valued by the estate agent yet but she said to me she 'thinks' he will get 270k for it and has spent a lot of money doing it up. She did also say that if we wanted it that she would 'back off' and allow us to negotiate as she knew she would get business from this guy in the future.

Anyway we viewed it and both love it, told him (the builder/owner) we were very interested but wanted it valued first to which he agreed he would contact estate agent on Monday to arrange. He did not give us any idea of how much he wanted for it there and then. Despite this I drove past today and there is now a for sale sign up although it is not on the website and hasn't even had pictures taken yet!

My concern is that this will now attract others and I am confused as how it can be put up for sale without having been valued? Just really like the house and don't want to miss out on it!

Also the building regulations haven't even been signed off yet so where do we stand in terms of putting offer in? My father in law has just mentioned tonight that they might not be passed as the air brick on the bay window at front is low to the ground and block paved drive slopes towards it ? risk of letting water in.

Not sure what to do?
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