Valuation problem

Leeds_House_Mover

We had a very similar problem - house sale agreed at £400,000 but the valuation came back at £310,000. Simply because a house around the corner sold at £310,000 around six months before and no matter how much arguing and complaining we did we failed to persuade the Valuers or the Building Society. And that was after we'd had an independent full survey done which valued the house at practically the agreed price.

This was despite the fact that the house nearby was in need of massive repair and renovation and had no garden. It annoys me every time I walk past it and see all the building work going on.

We tried to renogtatiate with the sellers but quite reasonably they didn't want to budge. We continued at a higher loan to value rate.

Can't give you any advice - just to shar the frustration!

TranceNRG

I sympathise with the OP. I've read so many similar stories in this forum and I was worried that my valuation would come in at a much lower price than the price I agreed with the seller. Luckily the surveyor agreed with the sale price which was a huge relief as the price was already quite a bit below the asking price.

Connell's were initially supposed to do the survey but their surveyor called in sick on the day of the survey so it was pushed back. This was probably a good outcome as I heard so many bad things about Connell's. In the end it was carried out by a company called Landmark surveyors.

I'd be interested to hear which company carried out the valuation/survey.