Valuation discrepancy - please help!

anselld

You have to be careful not to take too much ownership of this problem. It is for the buyer to resolve (assuming they want to). By all means give them any helpful information and advice but it is for them to sort out with their surveyor / mortgage co.

davidmcn

Home_mover wrote: »

In terms of evidence for our property being more desirable to the others - the only one to have sold on the street recently went for £165,000, and had been on the market for 2 years - and we actually viewed it when we bought ours. We did not even consider it. Compared to ours, it had: no garage, inferior garden, smaller room sizes, it was mid terraced as opposed to end terrace, 1 room fewer, cramped bedrooms due to angled walls, separately fitted appliances instead of a fully integrated kitchen (dishwasher, hob, 2 ovens, fridge freezer etc) and was of a far lower standard of finish in general.

Ok, things like garage / mid-terrace / external floor area are things the surveyors can and should take into account when considering comparables (if they can be bothered), I wouldn't expect them to know or care about decor / appliances etc (in fact I'm not sure that even integrated appliances are meant to form part of the valuation).

But as said, it's not for you to sort out.

ging84

you have too look at all factors
one of the valuations could be wrong
or they could both be spot on, despite the rise in general market

if for example, a large new build development a mile down the road opened in the last 2 years and was banging out new properties comparable yours for £175k or less and plan on doing so for the next 2-3 years, that would make it an awful lot hard to get the best price for your property